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Gujarat Narmada Valley Fertilizers & Chemicals Ltd.

BSE: 500670 Sector: Agri and agri inputs
NSE: GNFC ISIN Code: INE113A01013
BSE LIVE 19:44 | 19 Oct 472.30 28.60
(6.45%)
OPEN

448.60

HIGH

478.00

LOW

447.60

NSE 19:47 | 19 Oct 472.60 28.85
(6.50%)
OPEN

448.00

HIGH

478.70

LOW

447.00

OPEN 448.60
PREVIOUS CLOSE 443.70
VOLUME 678864
52-Week high 478.00
52-Week low 180.30
P/E 23.30
Mkt Cap.(Rs cr) 7,340
Buy Price 0.00
Buy Qty 0.00
Sell Price 470.40
Sell Qty 1575.00
OPEN 448.60
CLOSE 443.70
VOLUME 678864
52-Week high 478.00
52-Week low 180.30
P/E 23.30
Mkt Cap.(Rs cr) 7,340
Buy Price 0.00
Buy Qty 0.00
Sell Price 470.40
Sell Qty 1575.00

Gujarat Narmada Valley Fertilizers & Chemicals Ltd. (GNFC) - Company History

Gujarat Narmada Valley Fertilizers Company Ltd is one of the leading companies in the fertilizer industry in India. The company and distributes nitrogenous and phosphatic fertilizers like urea, ammonium nitro phosphate (ANP) and calcium ammonium nitrate (CAN), and chemicals like ammonia, weak nitric acid, concentrated nitric acid, methanol, acetic acid, formic acid, aniline, toluene di-isocyanate (TDI) and various services in the area of Information Technology. The company continues to trade in imported fertilizers like CAP, muriate of potash (MOP), single super phosphate (SSP), urea and chemicals like acetic acid and methanol. The company operates in three segments, namely fertilizers, chemicals and others. The others segment includes information technology (IT) division's activities. They are having their manufacturing facilities located at Bharuch in Gujarat. The company is carrying out the activities of information technology at Ahmedabad in Gujarat. Gujarat Narmada Valley Fertilizers Company Ltd was incorporated in the year 1976 at Bharuch in Gujarat. The company is joint sector enterprise promoted by the Government of Gujarat and the Gujarat State Fertilizer Company Ltd. In the year 1982, the company started their manufacturing and marketing operations by setting up one of the world's largest single-stream ammonia-urea fertilizer complexes. In the year 1986, the company formally set up Research and Development centre. The centre is manned by highly qualified team of scientists and technologists. They commissioned 50 MW captive power project in two phases, one in the year 1987 and the second in the year 1990. In the year 1991, they established a 1,42,500 tpa nitro phosphate plant and a calcium ammonium nitrate plant. During the year 1999-2000, the company diversified into information technology by inaugurating Infotower at Ahmedabad. Also, they signed MoU with business partners having technical strength for strategic alliances. During the year 2002-03, the company enhanced the capacity of acetic acid plant from 50,000 MTA to 100000 MTA using improved technology developed by BP Chemicals, UK. During the year 2003-04, the company incorporated ING Satcom Ltd for undertaking IT related activities including providing V-SAT services via Satellite Systems, Internet Gateways, Internet Service provider, etc. In September 2003, the company commissioned energy efficient Iso-thermal Reactor which replaced the adiabatic reactor of methanol-I plant. During the year 2004-05, the company entered into a contract with Gas Authority of India Ltd, for supply of R-LNG. The company commissioned the PKI project during the year. The company formed a separate division by the name (n)Code Solutions. In April 2004, the company completed the capacity enhancement of formic acid plant. During the year, a new parallel Methyl Formate section has been successfully revamped and commissioned in March, 2005 to utilise waste Carbon Monoxide stream available from Ammonia plant. In April 2005, the company completed the revamping of hydrogen PSA unit and increased the production of hydrogen by 1200 NM3/Hr. In July 2005, the company completed and commissioned the Air Separation Unit (ASU) Revamp project. In October 2005, the company commissioned the AN Melt Filling Station with the additional capacity of 400 MT per day. During the year 2006-07, Narmada Chematur Petrochemicals Ltd (NCPL), the subsidiary of the company amalgamated with the company. The said amalgamation has become effective 15th February, 2007. The company commissioned the Methanol Synthesis Unit on July 16, 2006. The project is completed with the expenditure of Rs.27.28 crore and the Methanol capacity has increased by about 30,600 MT per annum. The company during the year divested their shareholding in their wholly owned subsidiary company - ING Satcom Ltd. As such, ING Satcom Ltd also ceased to be the subsidiary of the company. During the year 2007-08, the company revamped the methanol plant to increase the production by about 175 MT per day and urea plant by which the energy saving is about 0.1 Million Kcal/MT urea. In December 2007, the company commissioned the windmill power project of 9 MW capacity, which was taken under Clean Development Mechanism (CDM). The company is in the process of setting up a 12 MW capacity Wind Turbo Generators in the Kutch region. This project is being executed by Suzlon Energy Ltd and is expected to be over during the financial year 2008-09. The company is setting up a 300 MTD capacity WNA plant and 150 MTD CNA plant, to meet the growing market demand and the requirement of the new CAN plant and TDI project respectively. These projects are expected to be over by 2010. A 50,000 MTA capacity of TDI project is also being set up at Dahej, to meet the growing demand and is expected to be completed by September 2010. Also, a co-generation power & steam generation unit is being installed to generate 33 MW power and 61 MT/Hr high pressure steam. The project is expected to be completed by August-September 2010.