Fertiliser Minister opposes proposal to hike subsidy to some urea units

摘要

The Minister of State for Fertilisers, Mr. Srikant Jena has opposed his ministry's proposal to hike subsidy payments to some urea plants, saying the companies had already recovered most of their costs and there was no rationale for increasing reimbursements now. In an internal note, Mr. Jena has questioned the intention of revamped urea units seeking additional Rs. 350 a tonne as compensation' citing increase in fixed costs as he felt these firms had already recovered their investment under the New Pricing Scheme (NPS-III) of 2008. The minister has demanded a detailed study of entire production and updation of fixed costs of all urea units till this year.