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Govt agreed to release withheld subsidy on ammonium sulphate: GSFC

Press Trust of India  |  New Delhi 

The Gujarat State Corporation (GSFC) today said the government has agreed to release the withheld subsidy on sulphate.

In a regulatory filing, the company informed that the "Department of Fertilizers, has agreed to release the subsidy on Sulphate for the period from 18th March, 2013 to 05th March, 2017".

This should help in getting a subsidy of Rs 693 crore held up for the said period, it added.

The government had stopped subsidy payment to GSFC in March 2013 as it found the company did not pass on the benefits to farmers for a certain period, which was challenged by the company immediately in the

However, the company withdrew its in March 2017 to enable the Department of to make recovery and take further action.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, July 09 2018. 21:10 IST