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Staring at a bleak future: Nagarjuna has a lot of red ink on its balance sheet
Nov 13:
Nagarjuna has trimmed its Q-2, 2019 losses a little in relation to Q-1 but not by enough. First half losses are higher than that of the same period last year
8The point to note is that the company is currently running on one of its two urea complexes
8At the rate at which it is bleeding, doubts are going to be raised on the capacity of the company to incur such losses in the future
Comment: The governemnt may need to step in and have a relook at its policy. Even as a clutch of new urea plants come on stream, with cost of urea at Rs 30,000 per tonne, there is the threat of a number of lower cost units shuting down.
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8The point to note is that the company is currently running on one of its two urea complexes
8At the rate at which it is bleeding, doubts are going to be raised on the capacity of the company to incur such losses in the future
Comment: The governemnt may need to step in and have a relook at its policy. Even as a clutch of new urea plants come on stream, with cost of urea at Rs 30,000 per tonne, there is the threat of a number of lower cost units shuting down.
Click on Reports for more
