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SIDCO to sell sulphur to FACT

KOCHI: Kerala Small Industries Development Corporation (SIDCO) has offered to sell 30,000 tonne of sulphur to Fertilizers and Chemicals Travancore (FACT) at $320 a tonne by January raising the prospects of the fertilizer company ending the current financial year on a positive note.

A top FACT official said here that this was the first time that SIDCO, a public sector industries promotional agency under the State government, had come forward to sell sulphur.

The Corporation is also learnt to have offered sulphur to Travancore Titanium.

The FACT official said that the rate offered by SIDCO was quite attractive considering that it is below the $389.1 a tonne, the price at which FACT sourced its last consignment of sulphur through Minerals and Metals Trading Corporation (MMTC).

Shortage of sulphur has led to a temporary shutdown of the Udyogamandal plant of FACT from Thursday night. The shutdown resulted because the 15,000 tonnes of sulphur ordered by FACT had not arrived on time.

It was initially expected to arrive on December 20. However, it is now learnt that the consignment will reach Kochi only by December 28. Once the consignment arrives the Udyogamandal plant will be re-opened, said the official

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