RCF settles dispute with GAIL under AMRCD mechanism for Rs87.17cr; Stock ends ~6% higher

With the settlement of the above-said dispute, no further liability on this account exists against the company for this period, the company said.

Jul 07, 2021 04:07 IST India Infoline News Service

RCF, Rashtriya Chemicals & Fertilizers
Rashtriya Chemicals and Fertilizers Limited (RCF) informed the exchanges Wednesday that that dispute between Rashtriya Chemicals and Fertilizers Limited and GAIL India Limited for recovery of differential gas pricing for an amount of Rs1439.57cr filed by GAIL India Limited before IMC/ Administrative Mechanism for Resolution of CPSEs Disputes (AMRCD) for the period 2006 to 2016 has been settled under AMRCD mechanism for Rs87.17cr.

Accordingly, with the settlement of above said dispute, no further liability on this account exist against the company for this period.

Rashtriya Chemicals & Fertilizers Ltd ended at Rs86.95 per piece up by Rs4.65 or 5.65% from its previous closing of Rs82.30 per piece on the BSE.

GAIL (India) Ltd ended at Rs150 per piece down by Rs0.55 or 0.37% from its previous closing of Rs150.55 per piece on the BSE.

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