National Fertilizers Limited pays Rs 28.22 Crore Dividend

New Delhi: National Fertilizers Limited (NFL) has presented a dividend of Rs 28.22 Crore to the Govt of India for the year 2018-19 in respect of shares held by the government. Manoj Mishra, Chairman & Managing Director of NFL presented Dividend Cheque of Rs. 28.22 crore to the Union Minister of Chemicals & Fertilizers, D.V. Sadananda Gowda in New Delhi on Thursday. Secretary (Fertilizers), Chhabilendra Roul and other senior officials of the deptt. of fertilizers and NFL were also present on the occasion. It is noteworthy that the NFL has presented a cumulative dividend of Rs 1156.97 crore to the Government till date against paid-up equity of Rs 490.58 crores.

About NFL

National Fertilizers Limited is a Miniratna category-1 listed company. It is an India state-owned producer of chemical fertilizers, organic fertilizers and industrial chemicals. As of 2018, it was the second-largest producer of fertilizers in India. NFL was incorporated in 1974 as a public-sector undertaking of the Government of India. Till date, the PSU is India's largest Central Public Sector Enterprise in the fertilizer sector. Coming under the administrative control of Ministry of Chemicals and Fertilizers, it is the second-largest producer of the key fertiliser Urea in India. NFL has five gas-based ammonia-urea plants viz Nangal and Bathinda in Punjab, Panipat in Haryana and two at Vijaipur (Madhya Pradesh).

NFL is engaged in manufacturing and marketing of urea, Neem-coated urea, bio-fertilizers (solid and liquid) and other allied industrial products like ammonia, nitric acid, ammonium nitrate, sodium nitrite, sodium nitrate etc.