The department of Fertilizers today signed an agreement with Fertilizers and Chemicals Travancore Limited (FACT) in New Delhi to release one thousand crore rupees for the revival of the company. As per this Memorandum of Agreement, FACT will get a loan of 1000 crore, to be repaid with interest within a period of five years, with a moratorium of one year. <br/><br/>Speaking on the occasion, Chemical and Fertilizer Minister Ananth Kumar said fertilizers security is one of the main components of food security of the nation. He said, due to various reasons the company FACT had fallen sick and its revival has been one of the priority item on the Government's agenda. The Minister said, it is one of the oldest fertilizer companies of the country and it employs over 2,700 persons.