Nagarjuna Fertilizers Shut Down Plant Due To Inadequate Working Capital
2018-09-20 Shutdown/Strikes/Disturbances Agriculture Southern India
Nagarjuna Fertilizers and Chemicals Limited had taken plant maintenance activities on July 4, 2018. The shutdown had to be extended due to inadequate working capital on account of Direct Benefit Transfer (DBT) and accumulated losses arising out of the earlier GAIL accident. The company is in the process of sorting out the working capital issues with the bankers to restart the plant.