In an interview to CNBC-TV18, RG Rajan, CMD of Rashtriya Chemicals and Fertilisers (RCF) spoke current subsidy burden and the road ahead.
In an interview to CNBC-TV18, RG Rajan, Chairman and Managing Director, RCF spoke about the memorandum of understanding of Talcher unit
NFL reported a net loss of Rs 107.04 crore for the quarter ended March due to shut down of its three units.
RG Rajan, CMD, Rashtriya Chemical Fertilisers (RCF) explains on CNBC-TV18 that the new investment policy, based on import parity pricing, maybe approved during this week or next and calls for a hike in urea prices as P&K (phosphorus and potassium) prices have gone up.
In an interview to CNBC-TV18, RG Rajan, chairman and managing director, RCF says the company may be about five percent short in the overall sales of fertilisers this year. "I think we may be marginally short than last year. Last year, we have done close to 41 lakh tonne," he adds.
In an interview to CNBC-TV18 RG Rajan, chairman and managing director, RCF spoke about the financial performance of the company.
The fertilizer subsidy for FY13 has been pegged at Rs 610 billion in the Union Budget 2012. RG Rajan, chairman and managing director, RCF believes since there has been a substantial fall in the international price of DAP, MOP and NPK, this number is correct.
India's government plans to cut its stake in Rashtriya Chemicals and Fertilisers (RCF) through a follow-on share sale planned in the third or fourth quarter of the next financial year starting April, a top official said.
In the fertilizers segment, Rashtriya Chemicals and Fertilisers (RCF) reported poor results for the quarter ended June for FY12. The net profit fell by 80% to Rs 3.96 crore from Rs 19.8 crore in the year ago period, even though net sales saw a 10% increase year-on-year.