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CMD's Desk

CMD’s Desk

Shri Kishor Rungta


Republic Day Message

My dear colleagues, friends, ladies and gentlemen,

 
We have assembled here to celebrate the 73rd Republic Day of our mother land. My heartiest Republic Day greetings to each and every one of you on this occasion. 

Republic Day is an occasion for respectful remembrance of the historic date on which the Constitution of India came into force.  Seventy-two years ago, on this very day, the people of India adopted, enacted and gave to ourselves a unique Constitution. For all of us, this is the day to pause and ponder over the core values that the Constitution propounds.

This day reminds us of our freedom struggle and how our great freedom fighters sacrificed their lives to give us ‘Purna Swaraj’ and let us reaffirm on this day our commitment to unity in diversity, fraternity and equality among citizens.

One of the strongest pillars of democratic India is our Public Sector, which has played a crucial role in the industrial as well as agricultural awakening of the country. As all of you know, FACT, which is one of the first large scale fertiliser manufacturer in the country, started production in 1947 and has played its role in the growth of agricultural & food security of the country.

The year 2021 had posed extreme challenges for each and every one of us both personally and while on duty, due to the relent-less persistence of the world wide pandemic. Many of our brothers and sisters have been affected by this pandemic. Many have lost their lives. I express my condolences to all of them. 

I am thinking of doctors, nurses, paramedics, healthcare and sanitation workers who put their own lives at risk to take care of Covid patients.  I am sure that the future generations will be-hold all of them for their heroic response during this crisis.

Standing with the nation in fight against COVID, company had taken various steps to ensure safety and welfare of employees. We could also provide welfare measures for our local residents. Health and education were the focus areas for our support.

FACT donated 3 PSA oxygen plants to the Government hospitals of the country to meet the demand of medical oxygen during 2nd wave of pandemic. 

Company has handed over 100 tablet PCs to school students of Kalamassery constituency, as a support in their studies, during pandemic times.

Adversity often plays the role of a great teacher. It makes us stronger and more confident. we have witnessed from our past experiences that even under all these adversities, FACT always emerges stronger. We have overcome herculean challenges several times in the past and we have the perse-verance and commitment to stand up to challenges. 

It is with great pride, I am presenting that FACT has come up with outstanding performance during 2020-21 breaking all the records in production, sales and achieving all time high profit.  I am happy to say that our committed efforts are taking FACT to greater heights. The dedication we have put in last year has become a milestone in the history of FACT. 

This year, situation became more complex for FACT, due to sky rocketing of raw material prices and limitations in timely availability of raw materials. Industry has been suffering due to various unprecedented market scenario, formed as a shadow of the pandemic. Even in such adverse situations, with the support from Government and the dedicated effort of our employees, we could continue our good performance this year as well.
  • I am really happy to inform you that we have restarted continuous production of Caprolactam, after almost a decade of its stoppage. Shri. Bhagwanth Khuba, Hon'ble Union Minister of State for Chemicals & Fertilizers, visited our plant and flagged off the Caprolactam consignments. I am taking this opportunity to congratulate the entire team for adding up another milestone in the history of FACT.
  • We could make a profit of Rs.76 crore during the first half of 2021-22. That is an all-time high operating profit reported in the first half year by the company.
  • The total fertilizer production during the FY crossed 6.81 Lakh MT and sales crossed 7.2Lakh MT till December. 
  • The shares price of the company has reached new heights and crossed Rs.150, the highest among all fertilizer PSUs, making market capitalization of the company reaching over  ₹ 10,000 Cr and now FACT is among the top Fortune 500 companies. 
  • As a part of our corporate strategy, Company is expanding its fertilizer production capacity by setting up an additional complex NP plant at cochin division. The work order for the NP project and an associated ammonia storage tank has been placed. With the implementation of this project, our fertilizer production will reach 1.5 Million MT. 
  • Other capex schemes such as storage tanks at WI and CD, ammonia barge, reconstruction of Ammonia unloading berth at SCB under ‘Sagarmala Scheme’ etc. are in various stages of progress. 
  • To ensure availability of fertilizer in the challenging times, company had dispatched 24,000 MT of NP fertilizers for nourishing the wheat fields of Punjab
  • With the implementation of DCS in fertilizer plants of Udyogamandal Complex, I am happy that all our major plants are having DCS for better control and safety. 
  • The NP plants of Cochin Division were upgraded for using RLNG as fuel. Open access power purchase is also implemented at CD, with a view to bring down energy cost. Action for implementing these schemes are progressing at UC also.
Events of the last year can be summarised in a few words: In the face of major challenges, we achieved sustainability.

I can see the dedicated and un-tiring efforts from all my colleagues and employees for the growth of our organisation. I have confidence in my team who are taking necessary measures to keep our performance high, meeting all statutory requirements, ensuring the health and safety of our employees. With your sincere dedication and commitment, we can turn every challenge into an opportunity. Please continue to put in increased efforts with renewed strength and enthusiasm to keep our flag flying high.

Today the nation is honoring a few people who have upheld the national interest ahead of their own personal interests, even by laying down own lives. While saluting all those courageous and dedicated sons and daughters of this great nation, we in FACT also honour some of our employees with Merit Awards for their outstanding performance. My hearty congratulations to all the award winners. I would like to remind the award winners that now it’s your responsibility to put in even better performance and motivate others to improve their performance.

As the security of FACT is critically important, the service of CISF personnel also deserves our appreciation and motivation. I also appreciate the entire team for the excellent parade they have presented here today. I am sure, you all will take up the present challenges with utmost dedication and determination. 

I need not remind you that FACT is a legacy bestowed to the nation by the forefathers. Growth and prosperity of FACT is our target. Let’s take a firm resolution to uphold it and take it forward and hand it over to our future generations.

With these words I conclude and wish all our employees and their families a very happy and patriotic republic day and also a very Happy New Year

Thank you
Jai Hind

 
Udyogamandal                                                                       Kishor Rungta
January 26, 2022                                                      Chairman & Managing Director

 
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