Fertilizers & Chemicals Travancore News

FACT Nears Mini Ratna Status Achievement

Fertilisers and Chemicals Travancore Limited has fulfilled almost all necessary criteria for achieving Mini Ratna status, marking a significant milestone in the company's corporate journey.

Company Reports Strong Q2 Performance with Revenue Growth and Doubled Net Profit

The company reported Q2 revenue of 16 billion rupees, up from 14.4 billion rupees year-over-year. EBITDA increased to 394 million rupees from 350 million rupees, while EBITDA margin remained flat at 2.42%. Net profit showed significant improvement, rising to 211 million rupees from 112 million rupees in the same period last year.

Proposal Suggests Reducing GST Rate on Fertilizers from 18% to 5%

A proposal has been made to lower the Goods and Services Tax (GST) rate on fertilizers from the current 18% to 5%. This tax reduction would make fertilizers more affordable for farmers and agricultural businesses.

China Removes Export Restrictions on Fertilizers to India

China has lifted restrictions on fertilizer exports to India. This policy change removes previous barriers that limited fertilizer trade between the two countries.