FACT seeks waiver after government charges ₹438 crore penal interest
Kerala-based state-owned fertiliser maker FACT said it received a communication from India’s Principal Accounts Office charging penal interest of ₹438 crore on a government loan; the company seeks a waiver.
Kerala-based state-owned fertiliser maker The Fertilisers and Chemicals Travancore Ltd (FACT) on Wednesday (September 2) said it has received a communication from the Principal Accounts Office, Ministry of Chemicals and Fertilisers, Government of India, stating that penal interest has been charged…