FACT has won the Skoch Renaissance Award 2014 in recognition for implementing the innovative project of liquid ammonia transportation by barge fitted with bullet tanks.
Jaiveer Srivastava, Chairman and Managing Director received the award from Union Minister for Parliamentary Affairs M Venkaiah Naidu.
The company also was given appreciation for three more projects for successful implementation. They are: change over of feedstock from Naphtha to LNG, fuel change over from furnace oil to LNG in the captive power plant and condensate recovery system in Melter area of sulphuric acid plant.
This is the fourth award being received by FACT in a row. Earlier in the year, the company was presented with the award for the most valuable PSU, India Sea Trade Award and the award for the institution with innovative HR practices.