The Government of India has cleared an interim grant of Rs200 crore to Fertilizers and Chemicals Travancore Ltd (FACT) for sustaining operations till the end of 2007-2008. The company has accumulated losses of Rs395.53 crore till the end of Mar 2007.
The Rs 200 cr grant announced by Union Finance Minister P Chidambaram on Thursday for revitalizing the ailing Fertilizer & Chemicals Travancore Ltd (FACT) has come as a relief for the only fertilizer company in Kerala.
Kerala Small Industries Development Corporation (SIDCO) has offered to sell 30,000 tonne of sulphur to Fertilizers and Chemicals Travancore (FACT) at $320 a tonne by January raising the prospects of the fertilizer company ending the current financial year
K. Chandran Pillai, member of the Rajya Sabha and secretary-general of the FACT Employees' Association, has appealed to the Union Fertilizer Ministry to allow Fertilizers and Chemicals Travancore (FACT) to import urea and persuade other fertilizer compan
A high-level Syrian delegation is to arrive later this month to hold talks with the Kochi-based state-owned Fertilizers and Chemicals Travancore Limited (FACT) to set up a joint venture urea manufacturing plant in Syria.
Revival scheme for FACT, expansion of Hindustan Newsprint Limited (HNL), Kannur International Airport and the %u2018Air Kerala%u2019 proposal would be among the 23 key issues that to be discussed at the meeting, Chandy said at the post-cabinet briefing.
