LOK SABHA
The Government does
not expect any adverse impact on the viability of urea manufacturing
units on account of implementation of policy parameters for 7th
and 8th Pricing periods alone as Government continues
to provide 12 per cent post tax return on networth to these units.
Parameters for
7th and 8th pricing periods were decided
with the approval of the competent authority on 16.5.2002 and
were notified to the urea companies on 4.6.2002. The 7th
pricing period covers the period from 1.7.1997 to 31.3.2000 and
the 8th pricing period will cover the period from 1.4.2000
to 31.3.2003 or till new pricing policy comes into existence,
whichever is earlier. Based on approved parameters for 7th
and 8th pricing period, retention prices of all 32
urea units have already been notified.
This information
was given by the Minister of State for Chemicals & fertilizers,
Shri Tapan Sikdar, in a written reply to a question in the Lok
Sabha today.
