26 October 2002
Gujarat Narmada Valley Fertilisers Company (GNFC)
has posted excellent results through record production
in the first half of year 2002-03.
its first six months of this year, ended on 30 September
2002, GNFC, through its sales turnover of Rs 721.08 crore
(Rs 723.35 crore last year), has registered a net profit
of Rs 51.33 crore (before Rs 10.92 crore of deferred tax
provisions) for the first half of the current financial
year (Rs 47.22 crore for the same period last year).
Almost all the
units of the company have achieved over 100-per cent capacity
utilisation and established new records of daily, monthly
and half-yearly production. The companys ammonia
plant has achieved 120.30 per cent, urea plant 121.37
per cent, methanol-I plant 121.44 per cent, methanol-
II plant 143.34 per cent, formic acid plant 137.89 per
cent, acetic acid plant 155.23 per cent, weak nitric acid
plant 117.42 per cent, ANP plant 122.47 per cent and CNA
plant 109.13 per cent production capacity utilisation.
company, on account of record productions in the fertiliser
and chemical fields and the adoption of a strategic management
route of effective administration and management in a
cost-effective manner by the management at the helm of
affairs at GNFC, has earned a distinction in the production
and sales in these times of global recession.
A fertiliser and
chemical major in the national and international arena,
GNFC has just entered into the IT sector. The Gujarat
government, in its bid to speed up the development of
IT in the state, is involving GNFC in a big way for availing
the basic infrastructure facilities for the IT sector.
Efficient in the
electronic and communications business, GNFC is contributing
towards the speedy development of IT. After establishing
a state-of-the-art info-tower in Ahmedabad and the states
first and the countrys eighth earth station at GNFC
Bharuch, the state is looking up towards a positive growth
in the IT sector.
is a joint-sector company situated on the banks of Narmada
River in south Gujarat. Incorporated in 1976, the company
has established its reputation as the leading Indian manufacturer
of nitrogenous and phosphate fertilisers such as urea,
ammonium nitro-phosphate, calcium ammonium nitrate and
industrial chemicals such as methanol, formic acid, acetic
acid and nitric acid.
The company also
manufactures printed circuit boards for the electronics
industry. The annual turnover of the company for the year
ending March 2001 was Rs 1422.25 crore.