Basant Agro-Dramatic Improvement In Outlook BSE 524687 Recent announcement by the Government of NBS Policy whereby the Subsidy on SSP fertilisers has been increased from Rs. 2000/- to Rs. 4400/- per MT will be beneficial to the Company as the total realization of SSP fertilizer will be increase substantially. Additional subsidy on account of Sulphur contents in the SSP fertilizers as well as reduction in the MRP of the same, makes the SSP fertilizers more economical as compared to other phosphetic fertilizers. This will result in increase in demand of SSP fertilizers over other fertilisers and as a result of which the turnover for SSP fertilizers will increase. The Company will be able to utilize its plant capacities to its optimum levels and thus will enjoy the economics of scale. Considering the increase in the total sale realization the top and bottom line of the Company will be improved." Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints. Nothing in this article is, or should be construed as, investment advice. |
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