New Delhi: National Fertilizers Limited (NFL), a Miniratna PSU under the Ministry of Fertilizers, has recorded its highest-ever fertilizer sales during April-July period of the current fiscal year. In a regulatory filing to the stock exchanges, NFL said that the company has reached all-time high fertilizers sales of 18.79 lakh MT in April-July 2020. With this, NFL has touched a new high of 18.79 MT in April-July, showing a growth of more than 21 percent than the previous best of 15.65 lakh MT, which was recorded during the same period of last year. This includes the sale of Urea, DAP, MoP, NPK, SSP and Bentonite Sulphur. Out of this, the sale of the company’s core product Urea has registered a sale of 15.87 lakh MT, higher by 17 percent than the corresponding period of last year (CPLY).
It is higher by 21.5% compared to 10.57 LMT of 2019-20. Along with Urea, P&K fertilizers sale also jumps by 13% during the quarter.
— National Fertilizers (@NFL_Kisan) July 3, 2020
NFL produces urea at five plants located at Nangal and Bathinda in Punjab, Panipat in Haryana, and two plants at Vijaipur in Madhya Pradesh (MP). Though the company has a production capacity of 35.68 lakh MT of urea. With all these products, the company has recorded the highest-ever sale in April-July 2020. Maintaining optimum operations of its plants in difficult times is a big success story, especially towards fulfilling the government's commitment to the farming community of the country, a statement said.
National Fertilizers Limited (NFL)
National Fertilizers Limited (NFL) is a Miniratna PSU under the Ministry of Chemicals and Fertilizers. NFL is a state-owned producer of chemical fertilizers, organic fertilizers and industrial chemicals. NFL, incorporated in 1974, is India's largest Central Public Sector Enterprise in Fertilizer Sector with a turnover of over Rs 75 billion. Falling under the administrative control of the Ministry of Chemicals and Fertilizers, it is the second-largest producer of the key fertilizer 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).
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