CFL TO REPLACE UREA PLANT WITH PHOSPHATIC PROJECT

Article Abstract:

Coromandel Fertilisers Limited (CFL), a Murugappa group company based in Chennai, plans to set up a phosphatic fertiliser manufacturing plant replacing the present urea plant. It is commissioning a new granulation train for manufacturing complex phosphatic fertilisers. The new project is likely to cost Rs35 crore, which will be funded by internal accruals and loans. The move follows as the urea plant has become old. The granulation train is scheduled to be commissioned within 18 months from the start of the work. After this, CFL's annual production is expected to increase to 525,000 tonnes from the present 400,000 tonnes. (um)(psr)

New capacity, new plant construction, Phosphatic fertilizer industry, Phosphate Fertilizer NEC, Phosphate fertilizers, Coromandel Fertilisers, Murugappa Group

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FREE FLOAT FOR PHOSPHATIC FERTILISERS LIKELY

Article Abstract:

The Union government is planning to free float retail prices of phosphatic fertilisers and pay fertiliser companies a fixed subsidy on imported and indigenous DAP and complex fertilisers. If the proposal is implemented the prices of DAP will increase by at least Rs1000 per tonne but the government will save about Rs400 crore on subsidy payouts. The agriculture ministry has proposed a fixed sum of Rs2,500 per tonne on imported DAP and Rs4,500 per tonne on indigenous DAP with effect from October 1, 1998. (khr)

Comment:

India: Union govt plans to free float retail phosphatic fertilizers prices & pay fertilizer cos fixed subsidy on imported DAP

Phosphate, Potash & Other Fertilizers, Fertilizer industry, Article

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FOOD BILL DOWN, BUT UREA STILL HOLDING GOVT TO RANSOM

Article Abstract:

The food subsidy bill for 1999-2000 has been brought down by Rs800 crore from the revised estimate of Rs9000 crore in 1998-99 but the indigenous fertiliser bill is expected to cost Rs8000 crore against the revised estimate of Rs7360 crore. This is mainly because of sale of decontrolled fertilisers with concession to farmers which will cost Rs4500 crore. The sugar subsidy bill has gone down to Rs360 crore. (khr)

Food & Kindred Products, Food Manufacturing, FOOD AND KINDRED PRODUCTS, Sugar and Confectionery Products, Refined Sugar, Sugar Manufacturing, Regulation of Agricultural Marketing and Commodities, Agricultural Support Prices, Agricultural price supports

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