Urea Policy

In an interview to CNBC-TV18, Suresh Warior, Director-Finance at Rashtriya Chemicals and Fertilisers (RCF) detailed the impact of the new urea policy.

New energy norm for urea plants to save Rs 800cr in subsidy

The government has issued revised energy norms under the new urea policy for existing 25 gas-based urea plants in the country, a move that is expected to save about Rs 800 crore in fertiliser subsidy.

RCF to seek PIB approval to invest Rs 4,112 cr at Thal

With new urea policy getting delayed, state-owned RCF plans to seek clearance from Public Investment Board (PIB) for proposed expansion of its plant in Maharashtra at an investment of Rs 4,112.50 crore.

Tata Chem hopes govt allows urea capacity build-up

The new urea policy is a welcome move said PK Ghose, CFO of Tata Chemicals in an interview to CNBC-TV18. Urea policy is important as India imports 7-8mn tones of urea which will be unaffordable at abnormal prices.

CCEA nod for new urea investment policy likely tomorrow

The Cabinet Commitee on Economic Affairs (CCEA) is expected to approve a new urea investment policy tomorrow that is likely to incentivise fertiliser firms setting up new plants and expanding existing capacity.

Zuari to invest Rs 8,000 cr in urea space in FY13

Fertiliser maker Zuari Industries reported a dismal performance in Q4FY12 with a net loss of Rs 4.37 crore. The company had recently demerged its fertiliser business into a separate entity called Zuari Holdings.

Urea policy on hold after Budget boost mandating changes

CNBC-TV18's Ronojoy Banerjee learns that owing to proposals to remove customs duty on urea equipments and reduction of interest rate paid by manufacturers to government on foreign loans to 5%, the fertilizer department may have overestimated the cost assumptions in the urea policy.