Imports additional fertilizers to meet growing needs of farmers
The performance of Fertilizers and Chemicals Travancore Limited (FACT) particularly in the areas of production and marketing is shown marked improvement during first three months of 2020-21.
It has extended fertilizer marketing operations across India and widening its marketing network to West Bengal, Orissa, Maharashtra & Gujarat. It has also started marketing Ammonium Sulphate in the states of Maharashtra and West Bengal.
To improve its top and bottom lines the company has placed purchase orders for the import of 3 shipments of fertilizers. Two shipments, one of 27500 MT of MOP and the other of 27500 MT of Complex Fertilizer have already arrived.
The third shipment of MOP is expected to arrive in August. During the Financial Year 2019-20, it showed record increase in net profit, production of its prime product Factamfos, Ammonium Sulphate and sale of Fertilizers.
The company is planning to restart Caprolactam operations during the financial year 2020-2021 after completing major maintenance activities and installing online effluent monitoring facilities.
