FACT places import orders for essential crop nutrients
10 July 2020, New Delhi: Fertilizers and Chemicals Travancore Limited (FACT) places import orders for 3 shipment of fertilizers to provide essential crop nutrients to farmers. Shipment of 27500 MT of MOP and 27500 MT of Complex Fertilizer has already arrived. The third shipment of MOP is expected in August.
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Fertilizers and Chemicals Travancore Limited (FACT) a PSU under the Union Ministry of Chemicals and Fertilizers has turned out encouraging performance on the production and marketing front during first three months of 2020-21.
The company is planning to improve the top and bottom lines by fertilizer trading. They also plan to restart Caprolactam operations during the financial year 2020-2021 after completing major maintenance activities and installing online effluent monitoring facilities. Trial run of the plants has been completed.
During the Financial Year 2019-20, FACT touched new height in net profit, production of its prime product Factamfos , Ammonium Sulphate and sale of Fertilizers. Fact registered a Turnover of Rs 2770 Cr in the current year and net profit of Rs 976 Cr.