Published On: Wed, Oct 26th, 2016

National Fertilizers Limited presents Dividend of Rs. 52.35 crores

14724578_615792111940573_2001182042277964138_nNew Delhi: National Fertilizers Limited (NFL) presented dividend of Rs. 52.35 crores to the Government of India for the year 2015–16 in respect of the shares held by it. Chairman and Managing Director of NFL Sh. Manoj Mishra paid dividend to Union Minister for Chemicals & Fertilizers Sh. Ananth Kumar in New Delhi today. Minister of State for Chemicals & Fertilizers Sh. Mansukh Lal Mandaviya and Secretary, D/o Fertilizers Sh. V.S. Pandey were also present on the occasion. This is the highest dividend paid by the company in the last 10 years. NFL achieved the best ever urea production of 38 lakh MT in 2015–16 and registered a profit after tax of Rs. 197 crore for the year.

Lauding the achievement of NFL, Sh. Ananth Kumar said that the Fertilizer Sector is undergoing revolution and the various policy initiatives undertaken by the Government have resulted in the highest ever production of urea in the country. He said the performance is an outcome of the inspiring leadership of the Hon’ble Prime Minister Sh. Narender Modi and his desire for the well being of the people. The Minister said the Government is working on reverse SEZs in the countries where there is good availability of gas. He said NFL is expanding and diversifying- it is reviving a urea plant in Ramagundam, putting up a MoP plant in Gujarat and a Sulphur plant in Haryana. On the issue of Direct Benefit Transfer(DBT) in Fertilizer Sector, he said the need for it was being felt for a long time but now a pilot project is going on in 16 districts. On the basis of the outcomes on this pilot project, DBT will be further expanded. He called for suggestions and cooperation from all the stakeholders in making DBT in Fertilizer a success.

Sh. Mansukh Lal Mandaviya congratulated NFL for good performance. He said the Prime Minister has called for doubling the income of farmers by 2022 and the Ministry is working in this direction by making available abundant and affordable fertilizers to the farmers. Domestic production of fertilizers is being increased and balanced use of fertilizers in the field is being promoted.

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