Financial Daily from THE HINDU group of publications
Sunday, Apr 10, 2005
Agri-Biz & Commodities - Fertilisers
NFCL Kakinada plant posts record urea output
Hyderabad , April 9
INDICATING a likely turnaround in its financial performance, Nagarjuna Fertilisers and Chemicals Ltd (NFCL) has achieved several records in its performance during the fiscal ended March 31, the prominent one being the record production of urea at its Kakinada facility.
The fertiliser major has achieved 13.92-lakh tonnes of urea production during 2004-05 as against 11.94-lakh tonnes in the previous fiscal, a growth of nearly 17 per cent.
The NFCL Chief Operating Officer, Mr R.S. Nanda, told Business Line that the company has also achieved third best production record in ammonia, input for urea, during last fiscal. The plant produced 8-lakh tonnes of ammonia.
The plant also recorded the highest despatches of 15.94-lakh tonne and highest sales of 15.63-lakh tonnes in the history of the company.
Mr Nanda attributed the record performance of Kakinada plant mainly to the initiatives such as performance-based incentives, high-level motivation and effective communication among the employees.
Introduction of new technologies also helped improve the yield and reliability of the plant, he said.
However, he said the production performance during 2004-05 should not be considered an indication for future performance.
"Of course, the same set of factors such as availability of raw materials, demand and Government policies that influenced 2004-05 will also influence the current fiscal," he said.
Admitting that the record production of the company during 2004-05 would influence NFCL's financial performance, he said, "We should expect to see improved profitability during 2004-05 compared to marginal loss in the previous fiscal." .
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