Agri Business

FACT crosses production milestone

Our Bureau Kochi | Updated on March 06, 2020 Published on March 06, 2020

The public sector FACT has improved its performance by crossing one million mark in production, dispatch and sales of fertiliser by the first week of March.

The company, which is the oldest large-scale fertiliser manufacturer in the country, has crossed ‘seven digit’ production and sales mark after a gap of 19 years, a press release said.

FACT is on a turnaround path, breaking records in production and sales during the year. The company could record profitable operations during the third quarter (October – December ’19) with sales turnover of ₹817 crore and a net profit of ₹12.66 crore. It has restarted fertiliser trading operations with an import parcel of NPK 16:16:16.

It is now expanding its market base with a view to maximising sales and bringing more flexibility to address localised season failures by entering in Maharashtra and West Bengal markets. Action is already initiated for Gujrat and Odisha, the release said.

The trial run of Caprolactam production facility has been completed and actions have been initiated to restart the operations during the first quarter of 2020-21.

There are also plans to set up a new fertiliser plant with 5 lakh tonnes per annum capacity. With the implementation of the proposed additional capacity, the fertiliser production will rise to 15 lakh tonnes per annum level and the turnover would expected to reach ₹5,000 crore.

Published on March 06, 2020

A letter from the Editor

Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.