ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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NEW DELHI-Another Bechtel Deal

October 28, 1972 taking into account the excise and other taxes on raw materials and the continued steel shortage The company has shown better results despite a lower turnover, and has wiped off the deficit brought forward from the previous year. It has adequate orders on hand, and the current year's operations are expected to be "more satisfactory". The directors have come out with a proposal that they be allowed to take upto one A MAJOR modification, indeed reversal, of policy on the development of the fertiliser industry is being attempted. Many issues, which were assumed to have been settled after the debacle of the much-publicised Bechtel deal to set up a chain of fertiliser factories with American private capital in the mid-sixties and the abandonment later of the Tata proposal for a huge fertiliser complex to be set up with foreign collaboration based on liquid ammonia, appear to have been reopened. The proposed change in policy will have repercussions beyond the fertiliser industry.

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