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Gujarat State Fertilizers & Chemicals Ltd.

BSE: 500690 Sector: Agri and agri inputs
NSE: GSFC ISIN Code: INE026A01025
BSE LIVE 15:55 | 15 Dec 142.25 7.10
(5.25%)
OPEN

139.90

HIGH

143.50

LOW

138.25

NSE 15:59 | 15 Dec 142.15 7.15
(5.30%)
OPEN

139.55

HIGH

143.00

LOW

138.15

OPEN 139.90
PREVIOUS CLOSE 135.15
VOLUME 430824
52-Week high 164.90
52-Week low 87.35
P/E 15.41
Mkt Cap.(Rs cr) 5,669
Buy Price 0.00
Buy Qty 0.00
Sell Price 142.25
Sell Qty 1275.00
OPEN 139.90
CLOSE 135.15
VOLUME 430824
52-Week high 164.90
52-Week low 87.35
P/E 15.41
Mkt Cap.(Rs cr) 5,669
Buy Price 0.00
Buy Qty 0.00
Sell Price 142.25
Sell Qty 1275.00

Gujarat State Fertilizers & Chemicals Ltd. (GSFC) - Company History

Gujarat State Fertilizers & Chemicals Ltd is an Indian manufactures of fertilizer. The company is engaged in manufacturing and marketing fertilizers, petrochemicals, chemicals, industrial gases, plastics, fibers and other products. They manufacture products like urea, ammonium, sulphate, di-ammonium phosphate, ammonium phosphate sulphate, gypsum, melamine, caprolactam, sulphuric acid, anhydrous ammonia, bio-fertilizers, oleum, bio-fuels, water soluble fertilizers, plant tissue culture and seeds nylon-6. Their manufacturing facilities are located at Vadodara, Surat and Jamnagar in Gujarat. Gujarat State Fertilizers & Chemicals Ltd was established in the year 1962. The company was promoted by the Government of Gujarat for the manufacture of fertilisers and heavy chemicals. The company took their first step in the year 1967 by setting up of 6 plants with an initial investment of Rs 40 crore. These 6 plants started production of Ammonia, Urea, Ammonia Sulphate (AS), Diammonium Phosphate (DAP), Sulphuric Acid and Phosphoric Acid. In the year 1969, the company began their phase 2 expansion by expanding the ammonia and urea production. In the year 1974, they began their phase 3 expansion due to diversification of products. They set up plants for manufacturing Caprolactam, Melamine, Nylon-6, Oleum- SO2 and OXO-Synthesis Gas unit and Purge Gas Recovery Unit. With phase 3, the company became the first and only Melamine producer in India. In the year 1989, the company set up three co-generation units using LSHS and Natural gas. They diversified in the production of fibres, nylons and acrylic and set up a DAP plant. In the year 1994-95, the company signed a MoU with the Uganda Development Corporation for setting up a phosphatic fertiliser project in Uganda. The company promoted Gujarat Airways along with the Gujarat Government to operate flights to and from Mumbai. Besides this, the company and Tahal Consulting Engineers of Israel, formed a joint-venture consulting company in water management to bring relief to Gujarat's arid zones. During the year 1999-2000, the company signed a MoU with L&T to diversify in the field of information technology. Also, the company incorporated a separate company with the name of GSFC Infopark Ltd. In April 26, 2000, the company commercially commissioned their 1350 MTPD Ammonia IV plant and in May 15, 2000, Nylon-6 rehabilitated plant started commercial production. In April 2005, the MEK-Oxime plant was completed and the plant was operating on full throttle. During the year 2005-06, NPK production was started at Sikka Unit by suitable modification at marginal cost at an estimated cost of Rs 3 crore. The company launched various Bioproducts viz Gibberellic Acid as growth promoting agent and Protein Hydrolystata for protein nutrition, Pheromone Traps & Lures for monitoring of crop pests. The company also launched marketing of eco-friendly biological fungicide under the brand name of 'Sardar Ecogreen' for protecting crops from soil borne plant pathogens manufactured by GGRC. The product was successfully commercialized with technical know-how from National Botanical Research Institute with an installed capacity of 100 MTPY. During the year 2007-08, the company entered into a joint venture for setting up phosphoric acid plant in Tunisia for ensuring phosphoric acid supply to DAP plant at Sikka unit. The project is expected to be commissioned by June 2010. Also, the company is setting up 1500 MTPY urea phosphate fertilizer project based on in-house R&D design. GSFC Investment and Leasing Co Ltd, a subsidiary company was merged with the company with effect from December 10, 2007. In March 2008, the company commissioned a windmill power project of 10 MW capacity in Kutch. The company is in the process of setting up another 12 MW windmill power project for meeting the additional requirements of power for new projects. For production of methanol in ammonia-1 plant, the company has engaged Haldor Topsoe, Denmark for the supply of technology, basic design and proprietary items. Also, they have engaged Projects & Development India Ltd (PDIL) for the detailed engineering of the project. The design work is expected to be over by September 2008 and the project slated to be completed by October 2010.