FACT expects to remain in profit this year too
The Hindu
It had a business turnover of ₹3,259-cr. during the year against ₹2,770-cr. last year
The public sector Fertilizers and Chemicals Travancore expects to ride out a steep rise in the price of raw materials as well as feedstock natural gas and remain in profit during the current financial year. The price spiral has largely been triggered by COVID-19 pandemic but “FACT does not want to pass on the entire burden of the price-rise to the farmers,” said chairman and managing director Kishor Rungta on Monday.
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