Fertilizer major FACT is buzzing in trade. The stocks is up 30% in just the last week and 70% this month. Kishor Rungta, CMD of the company said that the stock price is reflecting the strong performance in Q3FY21.

On subsidies, Rungta said that they have received a lot of subsidies from the government this year. He also said that the he is expecting to receive pending Rs 150 crore subsidy in March 2021.

“This year we have got very good amount of subsidy from the government of India. This has never happened in the past. Almost all our subsidy amount we have received; hardly Rs 100-150 crore is now pending with the Government of India. That also we are expecting to get in the month of March,” he said.

He also said that FACT will be commissioning the caprolactam plant by June-July. He said that initially they will be producing 50,000 million tonne of caprolactam.

He expects the caprolactam plant to boost topline by Rs 500 crore and net profit by Rs 70 crore.

On divestment, he said that there has been no discussion with the government so far.

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(Edited by : Aditi Gautam)