RCF Flags ₹2.04 Billion Hit After Govt Denies Gas Cost Recognition

Rashtriya Chemicals and Fertilizers Ltd. on Wednesday said the Department of Fertilizers has rejected its request to recognise gas sourced through the Empowered Pool Marketing Committee and spot purchases for urea production at its Trombay unit for 2021-22 and 2022-23.

The decision could result in an adverse financial impact of around ₹2.04 billion, the company said in an exchange filing.
RCF added it is once again representing the matter for reconsideration, citing that the rejection goes against the principles of the gas pooling mechanism.