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IFFCO out of NFL fray

New Delhi, Aug. 3 (PTI): IFFCO has announced its withdrawal from the race for National Fertiliser Limited following requests from another co-operative giant Kribhco. It is noteworthy that IFFCO had forced the government to allow fertiliser co-operatives to bid for PSUs in the sector.

However, IIFCO’s chairman K. Srinivasa Gowda and managing director U. S. Awasthi said the co-operative was still in race for acquiring stake in two other PSUs —Madras Fertilisers and Rashtriya Chemicals and Fertilisers, which the government has put on the block.

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