Government of India have announced the issue of 7.00 per cent Fertilizer Companies Government of India Special Bonds, 2022 for Rs. 10,000 crore (nominal). The Special Bonds are being issued at par to 23 Fertilizer Companies (list enclosed) as compensation towards fertilizer subsidy during the current financial year on December 10, 2008 (Wednesday) - Issue of 7 per cent Fertilizer Companies’ GOI Special Bonds, 2022 - The investment in the Special Bonds by the banks and Insurance Companies will not be reckoned as an eligible investment in Government securities for their statutory requirements. However, such investment by the insurance companies will be eligible to be reckoned as investment under “other Approved Securities” category as defined under Insurance Regulatory and Development Authority (Investment) Regulations, 2000. Further, the investment by the Provident Funds, Gratuity Funds, Superannuation Funds, etc. in the Special Bonds will be treated as an eligible investment under the administrative order of the Ministry of Finance.
The Special Bonds will be transferable and eligible for market ready forward transactions (Repo). Following is the list of eligible Companies and allocation of ‘7.00 per cent Fertilizer Companies Government of India Special Bonds, 2022’.
1 Chambal Fertilizers & Chemicals Limited 216.40 Crores
2 Gujarat Narmada Valley Fertilizers Company Limited 206.63 Crores
3 Gujarat State Fertilizers & Chemicals Limited 604.62 Crores
4 Indian Farmers Fertilizer Co-operative Limited 2980.97 Crores
5 Indo Gulf Fertilizers (A unit of Aditya Birla Nuvo Ltd.) 23.00 Crores
6 Krishak Bharti Co-operative Limited 36.00 Crores
7 Mangalore Chemicals& Fertilizers Limited 233.80 Crores
8 Nagarjuna Fertilizers & Chemicals Limited 78.00 Crores
9 National Fertilizers Limited 248.00 Crores
10 Kribhco Shyam Fertilizers Limited 42.00 Crores
11 Rashtriya Chemicals& Fertilizers Limited 462.46 Crores
12 Shriram Fertilizers&Chemicals 56.00 Crores
13 Tata Chemicals Limited 611.93 Crores
14 Zuari Industries Limited 730.10 Crores
15 Coromandel Fertilizers Limited 1147.51 Crores
16 Deepak Fertilizers & Petrochemicals Corporation Limited 45.50 Crores
17 Fertilizer & Chemicals Travancore Limited 151.43 Crores
18 Hindalco Industries Limited (Unit: Birla Copper) 60.79 Crores
19 Indian Potash Limited 1094.40 Crores
20 Mosaic India Private Limited 429.41 Crores
21 Paradeep Phosphates Limited 537.94 Crores
22 Southern Petrochemical Industries Corporation Limited 1.67 Crores
23 Tungbhadra Fertilizers& Chemicals Company Limited 1.44
Total 10000.00 Crores
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