3 fer­tiliser cos get Rs 20,532-cr re­lief

India Business Journal - - NEWS ROUND-UP -

The Modi gov­ern­ment will write off Rs 20,532.5 crore, the to­tal amount of gov­ern­ment loans and in­ter­est ac­crued to three pub­lic sec­tor fer­tiliser com­pa­nies. The three pub­lic sec­tor fer­tiliser com­pa­nies that will ben­e­fit from this pro­posed move are Fer­tiliser Cor­po­ra­tion of In­dia

(Rs 10,643.75 crore as of end-March 2012); Hin­dus­tan Fer­tilis­ers Cor­po­ra­tion

(Rs 9,079.48 crore as of endMarch 2015) and Brahma­pu­tra Val­ley Fer­tiliser Cor­po­ra­tion

(Rs 809.26 crore as on May 21, 2015). The pro­posed write-off is re­flected in the sec­ond batch of Sup­ple­men­tary De­mand for Grants for 2017-18 tabled in Lok Sabha last month.

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