The Fertilisers And Chemicals Travancore Limited

CMD's Desk

What is New View All

CMD’s Desk

S C Mudgerikar

My Dear Colleagues,

The spirit of ONAM beckons us with all its mirth and gaiety. As the vibrant hues of the festival unfold, our hearts swell with joy and our spirits soar with exuberance!

While Onam, the resplendent festival of Kerala, typically unturls a tapestry of joy and celebration for Malayalis worldwide, the recent landslide in Wayanad has cast a somber shadow over the festivities. Many lives were lost and may more left severely affected. My prayers, along with yours, are with those facing the aftermath of the disaster and may the Almighty extend them strength to overcome this calamity and bounce back to normal life soon. FACT, as a responsible corporate entity is standing in solidarity with the victims of the calamity, by lending them a helping hand with its employees donating one day's salary and matching the same, by an equal contribution from the Company.

As all are aware, our last quarter was quite subdued, but I am confident we can bounce back by overcoming setbacks. I strongly believe that together we will achieve impressive results in the days to come.

Our CAPEX projects are progressing, and we're poised to achieve a significant milestone in our expansion journey which will result in a substantial boost to our fertiliser production capacity. An additional five lakh metric tonnes of fertiliser production will enable us to meet the growing demands of the agricultural sector more effectively. We have successfully commissioned the 10,000 MT Ammonia Storage Tank at CD during August 2024.

Our market capitalization has crossed Rs 70,000 crores, solidifying our position as a financially strong and stable Company.

The Udyogamandal Complex team, by in house modifications, has boosted Ammonium Sulphate production by 100 tonnes per day through direct neutralization. Our R&D has developed Magnesium Fortified Calcium Nitrate Liquid Fertilizer, a nitrate-rich solution for efficient soil absorption, meeting market demands and FCO 1985 standards. With continuous follow up with Railways, we are granted the Through Distance Facility & extension of the Rate Notification benefits by which siding charges have been revised helping in saving crores of rupees annually.

Our Marketing team has played a significant role in improving sales in the year 2023-24, expanding the marketing network and taking initiative for various programmes initiated by Government of India including Prime Minister Kisan Samridhi Kendra (PMKSK), Viksit Bharat Sankalp Yatra (VBSY), Mahila Kisan Drone Kendra (MKDK), Community Radio Services (CRS) etc. "Pioneers in Progress", and as a major IT intervention, we pioneered among Fertiliser Companies in India in automating and integrating our SAP ERP system with the Fertiliser Management System (iFMS) of Govt. of India whereby fertiliser sales data is made available in IFMS in real time. Lauding this achievement, Department of Fertilisers, has asked other Companies in the sector to follow the example.

The year witnessed the implementation of the PRP scheme for officers and workmen and also the enhancement of retirement age from 58 to 60 years. Our commitment to Corporate Social Responsibility saw the launch of various initiatives at the local and national levels.

FACT's commitment to quality, innovation, and sustainability has not only made it a leader in the industry but also a symbol of India's industrial prowess. Let us work together to build a brighter future for FACT, driven by our collective passion, dedication, and commitment to excellence. We have the power to shape our own destiny, and I am confident that together we will take FACT to even greater heights.

On this auspicious occasion of ONAM, let me join you in welcoming king Mahabali to take FACT to new heights and bless your homes with abundance and your hearts with joy.

HAPPY ONAM TO ALL OF YOU

Udyogamandal
September 12, 2024 SC Mudgerikar
Chingam 27, 1200 Chairman & Managing Director