Leading The Way
The state-owned NFL has been maintaining its leadership position among the fertiliser-producing public sector enterprises while posting robust returns
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The Financial Year 2018-19 turned out to be a profitable year for the state-owned National Fertilisers (NFL), which posted a 28 per cent jump in its consolidated net profit to Rs 295.1 crore on the back of record sale. Its net profit stood at Rs 212.8 crore in the previous fiscal. The company’s total income increased on a consolidated basis to Rs 12,245.2 crore in 2018-19 compared to Rs 8,954.4 crore in the previous fiscal. It said 20 per cent of turnover during 2018-19 was contributed by non-urea products against 15 per cent in 2017-18.
NFL sold a record 48.9 lakh tonne of urea and other fertiliser during the 2018-19 fiscal, over 14 per cent jump as compared with the previous year. Sale of complex fertilisers such as diammonium phosphate also rose significantly to 9.9 lakh tonne from 3.9 lakh tonne in the said period.
The company operates five natural gas-based urea plants at Nangal and Bathinda in Punjab, Panipat in Haryana and two state-of-the-art plants at Vijaipur in MP with a urea production capacity of 35.7 lakh tonne.
In seed business, NFL said it had strengthened its position by bringing more progressive farmers under its umbrella. In order to further the flagship Seed Multiplication programme, NFL has been undertaking the setting up its own seed processing plants at Panipat, Bathinda and Indore so as to ensure supply of good quality seeds to the farmers in the prestigious Kisan brand of the company.
NFL is also said to be developing another R&D farm at Nangal unit, which it says will exclusively produce best quality foundation seeds from breeder seeds.
“FY 2018-19 emerged as best-ever period in the 45 years history of the company. Be it production, operation of the plants at lowest energy consumption, sales or turnover. The profit is also best ever over previous 15 years. NFL is in its best form these days and ready to push ahead with more vigour to achieve greater heights,” said Manoj Mishra, Chairman & Managing Director, NFL.
NFL recorded urea production of 38.59 lakh MT with a capacity utilisation of 119.4 per cent (w.r.t. reassessed cap of 32.31 LMT/yr) that accounts for 16.5 per cent share in overall urea production in the country that was the culmination of consistent operation of plants and favorable urea policy of the GoI. Contribution of Non-Urea business to the topline of the company increased to over 22 per cent during the year as compared to 15 per cent of the CPLY.
NFL also produced 8,500 MT of Bentonite Sulphur at Panipat Unit after commissioning of the plant in December 2017. NFL won Port handling operations at three ports for handling of Urea imported in government account and it received 4.96 LMT of imported Urea at ports, 3.75 LMT dispatched and 3.71 LMT sold. After opening of its fourth zonal office at Hyderabad and signing of an agreement with BVFCL for marketing of its fertilisers in Assam, NFL has now become of a pan-India company in fertiliser sector. Way to go!