The Public Sector Company under the Ministry of Chemicals & Fertilisers, the Fertilisers and Chemicals Travancore Limited (FACT), in the Quarter ending September for the financial year 2020-2021 has recorded an all time high operating profit of INR.83.07 Crore. In the same period last year INR 6.26 crore was recorded as the profit. Q2FY21 has reported a turn over of INR 1047 Crore which was INR 931 Crore during Q2FY20.
FACT received its third shipment of MoU at Tuticorin port
The company's flagship product FACTAMFOS production and sales and also of Ammonium Sulphate surpassed all time high quarterly records during Q1FY21. The Company has imported two shipments of MOP and one shipment of NPK fertilisers during the first half year taking the collective MoP import for the year to 82000 MT. FACT started dispatching fertilisers through coastal shipping route during the second quarter entering new markets in West Bengal and Odisha.
Hyderabad has two big investments in the pharma sector
It is tremendous that the Company achieved this sterling performance despite the limitations on account of Covid-19 pandemic, and observing all the Covid protocols and guidelines issued by the Government of India and Government of Kerala. Few Highlights from FACT includes: all time high quarterly FACTAMFOS and Ammonium Sulphate production of 2.36 Lakh MTs and 0.69 Lakh MTs reaching sales of 2.77 Lakh MTs and 0.08 Lakh MTs respectively, for the quarter. MOP sales of 0.46 Lakh MTs and imported NPK sales of 0.26 Lakh MTs. The company has made all time high half yearly FACTAMFOS sales of 4.63 Lakh MTs.
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