National Fertilisers limited (NFl), a Govt of India Undertaking has registered (standalone) a record total income from operations of Rs 9025 crore with a Profit before Tax of Rs 334.83 crore for the year 2017-18 which is also ever best in last 15 years. The company earned net profit (Profit after Tax) of Rs 212.77 crore for the financial year.
During the year, the company has recorded the ever highest urea production of 38.10 lakh MT with a capacity utilisation of 118 per cent that accounts for 15.9 per cent share of the total urea production in the country. NFl’s record urea production during 2017-18 was the culmination of consistent operation of the plants and favourable urea policy of the GoI for the urea production beyond reassessed (100 per cent) capacity.
The company has achieved a record fertiliser sale of 43.09 lakh MT comprising record sale of 39.16 lakh MT of urea and 3.93 lakh MT of other fertilisers i.e. imported fertilisers (DAP, MoP, APS), Bentonite Sulphur and compost.
The finest financial performance of the company during the year could be possible through energy efficient operation of the plants and undertaking several strategic initiatives in last two year such as import of fertilisers on larger scale, commencement of Seeds Multiplication Programme to produce and sale of certified seeds, trading of agrochemicals of different molecules under company’s own brand, revival of Ammonium Nitrate plant at Nangal Unit, commissioning of Bentonite Sulphur Plant at Panipat Unit et al.
The company has also won an order from ISRO to supply them Di-Nitrogen Tetroxide (N2O4) for which NFl is going to set up a plant at Vijaipur unit on BOOS (Built, Own, Operate and Supply) basis.