Deepak Fertilizers had Rs 334.98 crore of subsidy receivables due as on March 2015 (Page 127 of 2015 AR). Compared to this, revenue for the year stood at Rs 3841 crore (Page 111). The company therefore seems to be relatively better placed in terms of subsidy dues.
This is the link where moneycontrol says that “news are doing rounds” about delay in payment of arrears from the government this year:
http://www.moneycontrol.com/news/business/subsidy-arrears-low-urea-prices-may-dampen-growth-zuari-_4505801.html?utm_source=IW_DATA_stockpage
| Subscribe To Our Free Newsletter |
