Deepak Fertilizers & Petrochemicals Corp to receive pending subsidy of Rs 310.52 cr

From Department of Fertilisers (DOF), Ministry of Chemicals and Fertilisers, Government of India

Deepak Fertilizers & Petrochemicals Corp has received an intimation that Department of Fertilisers (DOF), Ministry of Chemicals and Fertilisers, Government of India would release the balance withheld amount of Rs. 310.52 crores on providing a Bank Guarantee of equivalent amount.

In June 2016, the Company had intimated about withholding of subsidy by Department of Fertilisers (DOF), Ministry of Chemicals and Fertilisers, Government of India wherein an amount of Rs.310.52 crore was withheld pending decision on recovery of alleged undue gain on account of supply of 'cheap' gas

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