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Fertilisers And Chemicals Travancore Ltd (FACT) has entered into a performance MoU with the Department of Fertilisers for the year 2015-16.
As per the MoU, the company envisages a sales turnover of ₹2,614 crore for 2015-16. The major physical targets include production and marketing of 7.5 lakh tonnes of Factamfos, the flagship product, and 2.08 lakh tonnes of ammonium sulphate.
Further, the company intends to augment its core competency sectors with a projected turnover target of ₹66 crore for FEDO and ₹22 crore for FEW, its consultancy and fabrication units.
The MoU was signed by Jaiveer Srivasta, Chairman and Managing Director, FACT, and J K Mohapatra, Secretary, (Fertilisers) at New Delhi.
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