| RASHTRIYA
CHEMICALS AND FERTILIZERS LIMITED (RCF)
Rashtriya
Chemicals and Fertilizers Limited (RCF) was incorporated
on 6th March, 1978 consequent to the
reorganisation of the erstwhile Fertilizer Corporation
of India Ltd. At the time of its formation, the
company had one Operating unit, viz. Trombay (
Old Plants) and two major projects under implementation
viz. Trombay IV Expansion and Trombay-V Expansion,
besides the West South Marketing Zones and the
Bombay Purchase and Liaison Office. RCF was the
first Fertilizer Company in India to commission
a green field, mega fertilizer complex at Thal-Vaishet
in the State of Maharashtra.
As on 31-3-1998,
the company has an authorised share capital of
Rs.800 crore and a subscribed and paid up capital
of Rs.551.69 crore.
The Trombay-IV
Expansion Project with an annual capacity of 75,000
tones each of Nitrogen and Phosphate (P205) went
into commercial production on Ist January, 1979
and trombay V Expansion project also started commercial
production w.e.f. Ist July, 1982 with an annual
capacity of 1,51,800 tones of nitrogen. The Thal
Fertilizer Plant of annual installed capacity
6,83,000 tones of nitrogen started commercial
production w.e.f. Ist June, 1985.
At present
RCF has a total installed capacity of about 10
lakh tones of Nitrogen and 1.20 lakh tones of
P205 and 0.45 lakh tones of K20. Besides fertilizers,
the company also produces a number of industrial
products such as Methanol, Concentrated Nitric
Acid, Methylamines, Ammonium Bicarbonate, Sodium
Nitrate / Nitrite, DMF,DMAC, Formic Acid etc.
2
PRODUCTION PERFORMANCE
The company
has produced 5.65 LMT of Nitrogen, 0.58 LMT of
Phosphatic & 0.31 LMT of Potassic fertilizers
upto October' 1998. The unit wise details of targets
and production during the year 1997-98 and the
estimated production against the targets for 1998-99
and 1999-2000 along with the corresponding figures
of capacity utilisation for the respective years
are furnished in Statement-II.
3.
FINANCIAL PERFORMANCE
The Company's
operations during the year 1997-98 resulted in
a net profit of Rs.189.37 crore. The projected
profits before tax for the year 1998-99 and 1999-2000
are Rs.173.41 crore and Rs.141.06 crore,respectively.
The company has made a profit of Rs.78.34 crore
upto October'1998.
The data in
respect of projects/schemes under implementation/proposed
for implementation,estimates of internal and external
resources and performance indices for 1997-98
are given in Statement-I,
Statement-III
and Statement-IV
respectively.
4.
DISINVESTMENT OF GOVERNMENT SHARE HOLDING
During the
past,the Government of India has disinvested 7.5%
of the equity share capital in RCF. The Govt.
of India has sold the shares to Unit Trust of
India, BOI Mutual Fund, LIC Mutual Fund, PNB Mutual
Fund etc.The company's share have been listed
at Mumbai, Delhi, Calcutta, Chennai Stock
Exchanges
and also at National Stock Exchange. However,the
trading is taking place only at Mumbai Stock Exchange.
The current high price of the company's share
is Rs.12.00. |
