Friday, August 12, 2022

RCF has sold industrial products worth Rs 200 cr in FY21 so far

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New Delhi: Despite the Coronavirus (COVID-19) situation, Rashtriya Chemicals and Fertilizers Limited (RCF), a PSU under the Ministry of Chemicals and Fertilizers, has been successful in keeping its operations running and has crossed the milestone of Rs 200 crore in sales of its industrial products in the current financial year 2020-21 (FY'2020-21) up to July 27.

As per the statement of the company Rs 100 crore was achieved in 67 days whereas the next Rs 100 crore was achieved only within 51 days.

RCF's Industrial Products Division (IPD) has 23 products in its portfolio which are key inputs for other industries viz. pharmaceuticals, pesticides, mining, bakery products, fibres, leather etc. RCF has remained a strong driving force for furthering agricultural and industrial growth of the nation during these challenging times.

The company has immensely contributed towards ensuring "Food Security" and endeavoured to provide an uninterrupted supply of fertilizers to farmers. Despite several constraints during this year because of COVID-19 pandemic especially in supply chain logistics, RCF has been successful in producing more than 5.9 lakh MT of fertilizers in the first quarter of FY'2020-21 and has already produced more than 2.3 lakh MT of fertilizers in the month of July 2020. RCF has also imported more than two lakh MT of complex fertilizers of various grades to overcome the shortages in the country. As state trading enterprise, the company has imported more than 13 lakh MT of urea on behalf of the Department of Fertilizers.

As a socially responsible corporate, it has contributed by multiple means of fighting the COVID-19 pandemic. RCF employees have contributed wholeheartedly towards the PM Cares Fund and to CM Relief Fund. The company has made available its hostel premises as a COVID-19 care centre. It has also provided an ambulance to the collector's office in Alibag along with other supportive activities.

During this period, RCF has followed all the guidelines issued by the authorities and ensured uninterrupted production of fertilizers and industrial products with the support of all its employees and with the support and guidance of the Department of Fertilizers.

Disclaimer: This story is a press release and is being published without any editing by PSU Watch desk. Our editorial team has only changed the headline.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Telegram. Join PSU Watch Channel in your Telegram and stay updated)

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