National Fertilizer Ltd Share Price

History of National Fertilizer Ltd

National Fertilizers Limited (NFL) was promoted by the Government of India on August 23, 1974 to set up fuel oil-based urea plants at Panipat (Haryana) and Bhatinda (Punjab). Later, NFL took over Fertilizer Corporation of India's plant at Nangal (Punjab) and set up a natural gas-based urea plant at Vijaipur. The Government of India holds a 74.71% stake in the Company. The Company has five gas based Urea plants viz. Nangal & Bathinda plants in Punjab, Panipat plant in Haryana and two plants at Vijaipur in Madhya Pradesh with a total annual revamped capacity of 35.68 LMT of Urea. The Company has a Bio- Fertilizers Plant at Vijaipur with annual capacity of 700 tones and a Bentonite Sulphur plant of 25000 MT per annum at Panipat Unit. It manufactures other allied Industrial products like N ...itric Acid, Ammonium Nitrate, Sodium Nitrate & Nitrite from its Nangal Unit and undertakes import & sale of other fertilizers like DAP, MoP, NPKS along with domestic trading of various agro inputs like certified seeds, agrochemicals, City Compost, SSP etc. through its existing vast dealer's network under single window concept. The Company has been producing and selling its own certified Seeds under company's flagship Seed Multiplication Program (SMP). The Company has three Seed Processing Units (SPUs) at Bathinda, Panipat and Indore. NFL has the country's second largest capacity for urea (after the co-operative IFFCO). All the urea capacities located in the high-demand areas of Punjab, Haryana and Madhya Pradesh are with NFL. The Company also started production of certified seeds under its Seeds Multiplication Program for sale under its own brand name as Kisan Beej. In 2000-2001 the company went into expansion programme by constructing, testing and commissioning of the prilling tower. The plant has gone into commercial production on 1st February 2001. With this expansion the total urea plant's installed capacity was increased 450 MTPD. The total completion cost was Rs.135.13 crores. NFL is considering setting up a naptha/LNG based ammonia-urea complex (2200 tpd urea) at Panipat, pending approval from the government. A new project on integrated Plant Nutrient Supply system has been undertaken in Malwa region during 2001-02. The project envisages use of all available resources of nutrient supply for crop production and reducing the burden of chemicals on soil to retain and sustain its productivity. NFL has its units in Nangal, which produces Calcium Ammonium Nitrate (CAN), Urea and Methanol; Panipat unit, Bathinda unit and Vijaipur Unit I & II produce Urea. Neem coated urea is being produced at all the units. CAN plant at Nangal have been stopped with effect from 1st April 2005. The company also produces industrial products like Sulphur, Methanol, Nitric acid etc., Further the company has a 600 tonnes per annum bio-fertilizers plant at Vijaipur, where they produce three strains of bio-fertilizers namely Phosphate Solubilising Bacteria (PSB), Rhizobium and Azotobacter. During FY 2015-16, the company has completed installation of Purge Gas Recovery Plant at Vijaipur-II with an investment of Rs 29 crore to reduce energy consumption and enhancement of Ammonia production. This has also been commissioned in the month of July 2016. During the year 2016-17, 87 and 85 demonstrations of Bio fertilizers and City Compost respectively, were carried out at farmers field to demonstrate the effect of Bio fertilizers and City Compost on crop growth and yield as compared to farmers' own practices. These demonstrations are being carried out on long-term basis. During the year 2016-17, more than 30,000 soil samples were analyzed for major and micronutrients and recommendations given through six static and four mobile soil testing laboratories. NFL has also upgraded its Soil Testing Labs at Barabanki and Nangal by installation of Atomic Absorption Spectrophotometer (AAS) for micronutrient analysis. NFL, in association with Engineers India Limited (EIL) and Fertilizer Corporation of India (FCIL) have formed a Joint Venture (JV) Company as Ramagundam Fertilizers & Chemicals Limited (RFCL) to revive the old FCIL plant at Ramagundam with annual installed capacity of 12.71 LMT of Urea and with a total estimated project cost of Rs 5254 crore. The foundation stone laying ceremony of the Ramagundam Plant was held on 07 August 2016 through the hands of Hon'ble Prime Minister. JV Company was formed with initial equity participation of 26% each of NFL and EIL and 11% of FCIL. Later on Government of Telangana was inducted for 11% equity. For remaining untied equity portion, process of inducting HTAS consortium for equity participation of 11.7% and GAIL for 14.3% is under finalization by RFCL. The Company commissioned a Bentonite Sulphur Plant of 25000 MTPA Capacity and commercial production started in September, 2018 at Panipat Unit. Further, the Company commissioned its first Seeds Processing Unit (SPU) at Bathinda during February, 2020 and Second SPU at Panipat in August, 2020. To strengthen the soil testing and farm advisory services, 05 new Mobile soil testing Labs have been launched by the Company in 2021. To meet the new energy norms, Gas Turbine Generator (GTG) along with Heat Recovery and Steam Generation (HRSG) was commissioned at Bathinda and Nangal in May, 2021. Implementation of energy saving schemes at Vijaipur also completed in March, 2022. The Company commissioned its third Seed Processing Unit (SPU) at Indore in April, 2023. The revival of 2 stream of Nitric Acid plant at Nangal completed during October 2022. In 2024, it launched Potash derived from Molasses (PDM) and FOM (Fermented Organic Manure)during the year 2023-24. The Agrochemicals Pant at Bathinda, Sulphur Coated Urea (SCU) Pant at Panipat Unit has been commissioned in FY 2025. Company also launched a new variety of Urea, i.e., Urea Gold coated with Sulphur during the year.