Date:01/04/2006 URL: http://www.thehindu.com/2006/04/01/stories/2006040118851400.htm

National

Cabinet nod for FACT revival

Special Correspondent

New Delhi: The Cabinet has approved the restructuring programme of the Kochi-based Fertilisers and Chemicals Travancore Limited (FACT). According to official sources, the proposal is expected to revive the company's fortunes without the infusion of fresh funds.

Sources say the Cabinet clearance was procured some days ago, but has not yet been formally communicated to the Fertilisers Ministry.