Skip to main content
2015 Years of Soil Swachhta Bharat Mission Make in India 150 years of celebrating the Mahatma Skoch Gold Award Digital India Award

Madras Fertilizers Limited

BRIEF OVERVIEW OF THE ORGANISATION

Madras Fertilizers Limited (MFL) was incorporated in December 1966 as a Joint Venture between GOI and AMOCO India Incorporation of USA (AMOCO) with GOI holding 51% of the equity share capital.  In the year 1972, NIOC acquired 50% of the AMOCO’s share and the shareholding pattern became 51% GOI and 24.5% each of AMOCO and NIOC.
In 1985, AMOCO disinvested their shares, which were purchased by GOI and NIOC in the proportions of their respective shares as on 22.07.1985.  The revised share holding pattern was GOI 67.55% and NIOC 32.45%.  Subsequent to the Issue of Rights shares in 1994 for part financing of the Project, the shareholding of GOI & NIOC stand at 69.78% and 30.22%.
During 1997, MFL had gone for Public Issue of 2,86,30,000 shares with face value of ₹10 and a premium of ₹ 5 per share.  Of these, 2,58,09,700 shares were subscribed.  The present Paid up share capital and the shareholding pattern are as follows:

Shareholder

Paid Up Capital

(₹ in Cr)

Share Holding

%

GOI

95.85

59.50

NIOC

41.52

25.77

Public

23.73

14.73

Total

161.10

100.00

The Company has an authorised share capital of ₹ 365 Cr and the paid up equity is ₹ 161.10 Cr.
MFL commenced commercial production in 1971, with an annual installed capacity of 2,47,500 MT of Ammonia, 2,92,050 MT of Urea and 5,40,000 MT of NPK.    A major revamp / expansion was carried out in 1998 at a cost of ₹ 601 Cr, enhancing the annual installed capacity to 3,46,500 MT of Ammonia, 4,86,750 MT of Urea and 8,40,000 MT of NPK. 

VISION / MISSION

To become a leader in fertilizer and process industry and in production/marketing of agrochemicals and other eco-friendly products like Biofertilizers/NeemPesticides through Efficient Operation, Quality Product, Market Orientation and Dedicated Manpower.

FINANCIAL PERFORMANCE
                                                                                                                                                                                                               ₹  Cr

Particulars

2019-20

2018-19

Turnover

1274.39

1593.00

Profit Before Interest, Depreciation, Exceptional items  and Tax

(18.21)

(6.80)

Interest

90.29

100.03

Depreciation

26.38

22.99

Exceptional items

-

-

Other Comprehensive Income

(79.26)

(46.58)

Profit / (Loss) Before Tax

(55.62)

(83.24)

Provision for Tax

-

-

Profit / (Loss) After Tax

(55.62)

(83.24)

Cash Profit / (Loss)

(29.24)

(60.25)

 

HIGHLIGHTS OF PLANT PERFORMANCE
•    During the year 2019-20 MFL has produced 345150 MT of Neem Coated Urea and 65000 MT of NPK 17-17-17 Complex fertilizers. 

•    Feed Stock Conversion from Naphtha to RLNG was successfully completed.

•    Urea production of 46040 MT in Feb 2020 is the highest-ever in any February month since inception.

•    NPK A train was started back after a long shutdown of 7 years and Production commenced on 6th Jan 2020.

•    During the countrywide lockdown due to COVID 19 pandemic situation from March 25, 2020, Urea production and despatch were not affected, because of the appropriate and adequate precautionary measures taken by the management.

•    Achieved Ammonia and Urea Energy of 10.659&7.873GCal/MT respectively.

•    Urea plant production of 100% and above was achieved for 146 Days out of 243  days during 2019-20.

•    TTRO water from M/s CMWSSB receipt commenced from October 2019, and Cooling water cycles of Concentration has improved, thereby reduction in makeup water quantity and other chemicals.

•    At the close of Mar 31, 2020, 2181 days were completed without any lost time accident covering 7.78 million man-hours. (Previous best Achieved - 5.66 million man-hours.) 


MARKETING PERFORMANCE

FERTILIZER SALES

•    Achieved 3,23,764.200 MT of Vijay Neem Coated Urea sales. (Total consumption 2019-20 :  56,30,671 MT and CPLY : 50,96,421 MT ).

•    Sold the total available quantity of 65,516.65 MT of Vijay 17-17-17, which is 139 % increase over CPLY of 27,429.55 MT 

ORGANIC MANURES, NEEM PESTICIDES &  BIO-FERTILIZERS SALES

•    Under “Swachh Bharat Mission”, marketing of City Compost, a product from Municipality/Factory waste, has been undertaken and 12040.50 MT was sold, which is 49% increase over CPLY of 8087 MT 

•    With respect to City Compost sales, MFL proud to be a TOPPER in Tamilnadu and reached 6th position on All INDIA basis.

•    In addition to City Compost, under “Basket Approach” sold 2807.80 MT of Vijay Organic, which is 210% increase over CPLY of  905 MT.

•    Sold 73.42 KL of Vijay Neem, 

•    Sold 46.40 MT of Vijay Bio Fertilizers

MARKET DEVELOPMENT & AGRO-SERVICE PROGRAMMES:

MFL’s Marketing personnel have contacted 25107 farmers during the year and continuously imparted knowledge to farmers on use of eco-friendly products for soil health, soil fertility,  Soil vitality and balanced fertilization (Integrated Nutrient Management), by direct farmer contact, soil sample collection, method demonstrations and farmer seminar in coordination with State/Central Agricultural extension departments.
Under corporate social responsibility to farming community, Marketing personnel had collected 4036 soil samples, got analyzed and communicated to the farmers about the micro & macro nutrient recommendations of various crops to farmers during the year.  

In pursuance to the Prime Minister’s Mission on empowering the Farmers vide Supportive Schemes & Education on farming techniques, MFL continues its service to the farmers through  “KisanSuvidha Kendra” at Gangavathy and Shimoga in Karnataka State. Farmer services like soil sample analysis and recommendation of fertilizer dosage based on soil test report, educating the farmers on weather, crop Insurance and other improved farm technologies were offered.

As a part of Government of India’s initiative for strengthening farming community, MFL organized a Farmers’ Interaction Session in coordination with State department of Agriculture, where the standing parliamentary committee on Chemicals &  Fertilizers headed by  Mrs. KanimozhiKarunanidhi  made a study tour visit on 24.01.2020 and had an interaction with around 1000 farmers at a village nearby Vellore of Tamilnaduregarding present demand and availability of fertilizers

DBT IMPLEMENTATION

•    In order to sustain sales thru PoS machines and to comply with PAN India implementation through DBT, MFL is educating the wholesalers and retailers on  importance of PoS sales consistently.

•    Generated all subsidy bills up to date.  
    
MEMORANDUM OF UNDERSTANDING

The Company entered into MOU with Department of Fertilizers (DOF), Government of India for the year 2019-20 on May 05, 2019 setting up targets for performance of the Company in terms of static and dynamic parameters.

HUMAN RESOURCE MANAGEMENT  AND INDUSTRIAL RELATIONS

MANPOWER & TRAINING

The total strength of MFL as on 31.03.2020 is 571 as against 593 as on 31.03.2019.  522 employees have been trained during the period Apr 2019 to Mar 2020 on Technical, Soft and Life skills for the enduring benefit and development of the Organisation.

INDUSTRIAL RELATIONS

During the year, the overall Industrial Relation situation in the Company has been normal and cordial.

SC / ST WELFARE ACTIVITIES

•    The Presidential Directives and various guidelines issued by the Government of India from time to time relating to the welfare of SC / ST employees are being scrupulously followed.   A Liaison Officer for SC / ST has been posted to ensure implementation of Government Directives.   SC/ST cell has been constituted for redressing the grievances of SC/ST employees.

OBC WELFARE ACTIVITIES

A Liaison Officer for OBChas been posted to ensure implementation of Government Directives.  OBC cell has been constituted for redressing the grievances of OBC employees.

OFFICIAL LANGUAGE IMPLEMENTATION

The target fixed by Department of Official Language for letter correspondence in Hindi and other implementation programs is being taken care positively.  Hindi fortnight was celebrated at Head Office and Regional Offices.  Various competitions were organised and prizes were distributed.  OL Inspection was done and Hindi Workshop was conducted and 24 Executives participated in the Workshop.  Efforts have been taken to improve the percentage of Noting in Hindi.

WOMEN EMPOWERMENT

MFL gives special focus to Women Development Plans and Programs.  As part of Womens’ Day Celebrations 2020 all the women employees were permitted to celebrate the program outside the MFL, as per the request of the forum.

The following Training Programs have been attended by the Women Employees :

•    One Day Workshop-cum-Interaction Meeting on “Latest Amendments and Developments in PF & ESI Acts”. 

•    Three Day Training Programme on “Constitutional Provisions Regarding Reservations And Concessions—Recruitment, Promotion And Related Service Rules”

•    Two Day Workshop On “Professional Development Program For Occupational Health, Safety & HR Professionals”.

•    Two Days’ Training ProgrammeOn “Environment Policy And Legislation”.

•    Half a Day Workshop on “Code of Wages Act 2019 - What Employers’ need to know”

Additionally Women Employees have participated in the International Meet at Hyderabad and   2 days outside training program under the Topic “Power to Transformation – Decision to Action.

USE OF CLEANER AND GREENER FUEL

•    FEEDSTOCK CONVERSION PROJECT from Naphtha to RLNG based, One of the major milestones achieved by MFL for the Plant located at Manali, Chennai – 600 068, during the year 2019 and w.e.f  28 July 2019 Ammonia production commenced. In connection with this switchover of 2 Nos of its fuel oil fired (Furnace Oil) boilers in Ammonia Plant to Natural Gas (RLNG), the cleaner and energy efficient fuel for the following boilers.

•    110 ATA Boiler with steam generating capacity of  100 MT/h @ Pressure 112 Kg / cm2 g   

•    Process Condensate (PC) Boiler with steam generating capacity of  70 MT/h @ Pressure 42 Kg/ cm2 g   

•    This has reduced the consumption of costly fuel oil besides improving reliability and reducing carbon footprint.

•    Apart from the above initiative, Company’s entire Ammonia Production is now based on gas (RLNG) as feedstock instead of Naphtha.
 
Based on the above achievement now MFL has planned to implement gas firing RLNG system for the another boiler in Utility Plant of steam generating capacity 58 MT/h @ Pressure 42 Kg/ cm2 g  to RLNG from Fuel Oil during the year 2021. 

INVESTOR RELATIONS CELL (IRC)

IRC is functioning in the Company under the Company Secretary to create awareness of the Company’s strength and ensuring timely communication to shareholders.

IMPACT OF COVID-19

MFL Products / Services are coming under the ambit of Essential Commodities Act, 1955.  Accordingly, we are committed to run our Plants and production of fertilizers, its transportation and distribution as per the directives of the Government of India.
Despite of many hurdles, MFL Plants are running with the support of the Department of Fertilizers, Ministry of Chemicals & Fertilizers, Government of India, Government of Tamilnadu and sheer dedication of employees.

PREVENTION OF SEXUAL HARASSMENT

Disclosures in relation to the Sexual Harassment of Women at workplace (Prevention, Prohibition and Redressal) Act, 2013 have been provided in the Report on Corporate Governance report

CORPORATE SOCIAL RESPONSIBILITY (CSR)

MFL has carried out the following CSR activities during the financial year 2019-20.  
                                                                                                                                                                                                             (₹ inlacs)

1

2

3

4

5

6

7

8

Sl

NO

CSR Project or activity identified

Sector in which the Project covered

Project or programs (1) Local area or other

(2) Specify the State and District where projects or programs was undertaken

Amount outlay (budget)

Project or program wise

Amount spent on the projects or programs sub-heads : (1) Direct Expenditure on projects or programs (2) Overheads

Cumulative expenditure up to the reporting period

Amount spent : Direct or through implementing agency

 

 

 

 

1

Donation of food materials for flood affected public in Nilgiris District

-

Ayyankoli Village, NilgirisDist

-

-

-

1.61

2

Armed Forces Flag Day Fund

-

TiruvottriyurTaluk

-

-

-

1.00

3

Supply of Potable Water through pipelines to Harikrishnapuram

Village (Near 500 families)

-

Near Manali

Chennai

5.43

-

-

5.43

4

Supply of School bags and kits to Students of Govt School at Mathur for National Unity Day Celebrations

-

Near Manali

Chennai

-

-

-

1.20

 

Total

9.24