Gujarat Narmada Valley Fertilisers Company (GNFC) Bharuch
has posted a turnover of Rs 1464.27 crore and a profit
before tax (PBT) of Rs 136.39 crore for the financial
year 2002-2003, which is Rs 18.20 crore higher than the
last year. In spite of a higher tax provision of Rs 5.16
crore in comparison to the last year, the profit after
tax has increased by Rs 13.04 crore in comparison to the
financial performance has been excellent despite the recession
in the international markets coupled with a fierce competition
in the domestic chemicals sector. The board of directors
of the company has recommended a dividend of 25 per cent
at a meeting held here today.
management has effectively handled plant operations, repairs
and maintenance and the overall marketing through the
strategic planning route, cost-cutting exercises and efficient
administration, as a result of which GNFC has earned a
distinction in the fields of production, turnover, sales
the units of the company have maintained the tradition
of achieving over 100-per cent capacity utilisation and
have established 62 daily, monthly and annual production
records during the year a true reflection of the
professional approach of the company''s management.
ammonia plant with a capacity utilisation of 112 per cent
has achieved 4,97,119 MTA of production, while the urea
plant with 107 per cent has achieved a production of 6,36,935
MTA. Methanol-I&II plants have achieved a production
of 38,889 MTA and 1,39,460 MTA with 194 per cent and 139
per cent capacity utilisation, respectively, while the
formic acid plant with a production of 11,104 MTA has
achieved 222 per cent capacity utilisation.
acetic acid plant with a production of 67,016 MTA has
achieved 137-per cent capacity utilisation and the weak
nitric acid plant with a production of 2,88,362 MTA has
achieved 117-per cent capacity utilisation. The ANP plant
with a production of 1,75,551 MTA has achieved a capacity
utilisation of 123 per cent and the CAN plant with a production
of 65,239 MTA has achieved a capacity utilisation of 99
all the earlier records of chemical production, the industrial
product plants of the company like methanol, formic acid,
weak nitric acid and concentrated nitric acid have established
17 daily, monthly and annual productivity records in the
year 2002-2003. And in the field of fertilisers, the ammonium
nitrophosphate plant has surpassed its earlier monthly
and annual productivity records of January 1995 and the
year 2001-02, respectively, and has established two new
establishing a reigning presence in the field of fertiliser
and chemicals, GNFC has now acquired nationwide presence
in the IT infrastructure, solutions and services field.
GNFC has created a world-class infrastructure to facilitate
IT development. GNFC Infotower provides the best facilities
to the IT industry. Infotower is increasingly becoming
important in the fields of software development activities,
IT-enabled services, call centres, medical transcription
and back-office operations.
has also become one of the largest Internet bandwidth
providers in Gujarat by establishing its International
Gateway for Internet at Bharuch. The gateway has a feed
range of 10 mbps to 50 mbps and is backed by OFC Gateway
to provide the highest reliability, multiple routing capability
and the shortest path.
provides Internet services through ISDN, wireless, leased
line, VSATs and dial-up. Leveraging their initiative through
the convergence of technologies, GNFC also offers services
like video broadcast, turnkey earth stations, transportable
VSATs and the satellite newsgathering system.
has recently embarked upon a project to set up a PKI-based
commercial certifying authority infrastructure using Entrust
Technology. PKI secures mission-critical transactions
and allows organisations to have safe transaction from
the paper-based business to a true electronic business.
setting up Infotower in Ahmedabad, GNFC has set up Gujarat''s
first earth station at Bharuch. It is GNFC''s endeavour
to put Gujarat on the IT map of India.