NFL produces record high 3.8 lakh mt of urea in 2015-16
Surpassing the previous records, National Fertilizers Limited (NFL), the leading fertiliser PSU of the country has achieved the ever highest urea production of 38 Lakh mt with an overall capacity utilisation of 118 per cent during the year 2015-16.
This accounts for 15.5 per cent share of the total Urea production of 245 lakh mt done in the country during 2015-16. NFL’s contribution shall immensely help to reduce the import of urea and further enhance food security in the country.
It is remarkable that two of the company’s plants at Nangal and Panipat, despite being vintage units i.e more than 38 years old have achieved ever highest urea production of 5.47 lakh mt and 5.67 lakh mt with 114.2 per cent and 110.9 per cent capacity utilisation respectively during the year. In addition to this, almost all the units of the company have achieved ever lowest energy consumption in 2015-16, which has helped in optimising energy consumption in production of urea. The company has also recorded ever highest sale of 55,199 mt of nitric acid during 2015-16. During the year, the company has taken several new initiatives. The company has commenced the multiplication of seeds program for production and sale of quality seeds under its brand ‘Kisan’. After a gap of 20 years, company has undertaken import of DAP and supplied it to the farmers. With the objective of providing all agri products under one roof, NFL has undertaken trading of seeds, pesticides, Bentonite Sulphur, Diammonium Phosphate (DAP) and Bio-fertilisers.
The company is on the path of growth and has set a target to achieve the turnover of Rs 15,000 crore with the profit of Rs 500 crore in the next five years. To attain these targets, the company is exploring a number of opportunities.