 "urea")
The government on Friday decided to provide an additional fixed cost of Rs 350 per tonne to 30 urea manufacturing units to boost domestic production and reduce imports.
The decision was taken in April 2014 but was not implemented. The fertilizer industry has been urging the government to provide this additional fixed cost to urea plants.
Sources said a cumulative impact of Rs 5,600 crore could be released to the fertilizer companies as result of the Cabinet decision. The Centre fixes the maximum retail price (MRP) of urea. The difference between the cost of production and selling price is reimbursed to manufacturers.
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