FACT on its way to regaining past glory after 19 years

Under the dynamic leadership of Kishor Rungta as CMD, the Fertilizers and Chemicals Travancore Limited (FACT), one of the largest PSU in the state of Kerala and the oldest large scale fertilizer manufacturer in the country, has crossed ‘seven digit’ production and sales after a gap of 19 years. FACT is on a Turnaround path, breaking records in Production and Sales during the year. Company could considerably improve the overall performance during the year and crossed one Million MT mark in Production, Dispatch and Sales of fertilisers by the first week of March. A consolidation of the major records achieved by the Company during the year are summarized below: Company could record profitable operations during the third quarter (October – December ‘19) with sales turnover of Rs 817 crore and a net profit of Rs 12.66 crore. Company could surpass the MoU excellent targets (for the Quarter and cumulative) for Fertiliser production and sales.  Restarted fertiliser trading operations with an import parcel of NPK 16:16:16. Company is expanding its market base, with a view to maximize sales and bring more flexibility to address localized season failures, by entering in Maharashtra and West Bengal markets. Action is already initiated for Gujarat &Odisha markets. Company has completed trial runs of Caprolactam production facility and actions are taken to restart Caprolactam operations during the first quarter of 2020-21. Company is planning to set up a new Fertilizer plant with 5 lakh MT per Annum capacity. With the implementation of the proposed additional capacity, the fertilizer production of FACT will rise to 15 lakh MT per annum level and the turnover of the company is expected to reach Rs 5000 crore. All these achievements were made possible due to the concerted efforts of all in FACT as a team.