FACT expects to remain in profit this year too
The Hindu
It had a business turnover of ₹3,259-cr. during the year against ₹2,770-cr. last year
The public sector Fertilizers and Chemicals Travancore expects to ride out a steep rise in the price of raw materials as well as feedstock natural gas and remain in profit during the current financial year. The price spiral has largely been triggered by COVID-19 pandemic but “FACT does not want to pass on the entire burden of the price-rise to the farmers,” said chairman and managing director Kishor Rungta on Monday.The election authorities are gearing up for the counting of votes cast in the simultaneous elections to Lok Sabha and Assembly seats in Andhra Pradesh, scheduled to be held on June 4. The Collectors and Election Officers of Visakhapatnam, Anakapalli and Alluri Sitharama Raju (ASR) districts said on May 23 (Thursday) that their teams were ready for the counting of votes.
Responding to the prolonged water scarcity, the residents of the area took to the streets in protest on Wednesday. The protest, which drew attention to their plight, stopped only after the intervention of the police. It was not until 1.30 p.m. that a 4000-litre tanker was finally delivered by BWSSB, providing relief to the water-starved residents.