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MCFL: Waiting for a gas connection
Nov 30: MCFL is likely to swtich to gas from FY 2020 and this is going to improve the company's cost economics
8While the plant is upgraded for use of gas, the pipeline is not ready yet
8The company currently uses costly naphtha.
8The cost reduction due to gas usage will reduce MCFL’s working capital requirements. Currently, naphtha based MCFL has to face restrictive subsidy conditions as the government’s subsidy mechanism for fertilisers is designed with gas as a raw material
8The push towards value added products will also improve the bottonline. MCFL’s board has recently approved the capex plan of Rs 600 crore for setting up a nutrient line capacity of 800 KT of Nitrogen-PhosphorousPotassium (NPK).
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