Facing a mounting subsidy burden and imbalanced use of fertilisers, government has constituted a Group of Ministers (GoM), which is likely to be headed by Agriculture Minister Sharad Pawar to look into urea pricing.
In order to reduce fertiliser subsidy bill, the government is working on a policy to make all urea fertiliser firms running on naphtha switch to the cleaner and most cost effective natural gas.
The chairman and managing director of National fertilizers, VK Sharma, in an exclusive interview on CNBC-TV18 spoke about the budget expectations from the fertilizer space.