Fertilizers & Chemicals Travancore Ltd Company History

The company was incorporated at Travancore. The company is a public

sector undertaking by the Govt. of India.

The main objects of the company is to manufacture fertilisers &

chemicals. The products manufactured are ammonium sulphate, ammonium

phosphate, super phosphate, ultrafos, NPX mixtures and anhydrouse

ammonia, sulphuric acid, ammonium chloride, and sulphurdioxide.

The company started its R&D centre to take imported activities. The

Govt. approved the setting up of a new fertiliser factory at Cochin

with capacity of 200,000 tonnes of ammonia.

The company entered into an agreement with power gas corporation Ltd.

U.K. for the exchange of technical knowhow developed by the company for

the manufacture of ammonium sulphate from by-product gypsum obtained

from the phosphoric acid plant.

FACT (Cochin Division) won the FAI award for best environment

protection of an operating complex fertiliser plant.

FACT (Cochin Division) also won the Jawaharlal Nehru Memorial Award

for Excellence in Indian Industries.

The Petrochemical Division was awarded the Certificate of

Appreciation by the Kerala State Pollution Control Board.

The Consultancy Division of the Company has received international

accreditation ISO 9001.

A 900 TPD Sulphuric Acid Plant is proposed to be set up at Ambalamedu

to utilise the under-utilised capacity of the Phosphoric Acid Plant

The Company won the Ever Rolling Trophy of the Cochin Town Official

Language Implementation Committee for the 6th year in succession.

FACT was awarded the Indian Institution of Industrial Engineering

award for performance excellence for the year.

The ammonia plant is set up with financial assistance from the

Japanese Overseas Development Fund.

Cochin Division was also awarded the National Safety Council's Award

for Industrial Safety for safe handling of Ammonia and other raw

materials at Willingdon Island.

FACT proposal to set up two captive power plants has got a further

boost with the Union government deciding to allow private sector to

install power plant in the factory.

The Company has entered into an MoU with the Union Government on its

performance targets.

The company had to set up a new ammonia plant following a High Court

directive to decommission FACT's ammonia storage facility at Willingdon

Island, Kochi.

The Company has signed a tripartite agreement with CDSL and Cameo

Corporate Ser. Ltd.

Kerala's crisis-stricken public sector giant, Fertilisers and

Chemicals Travancore Ltd (FACT) will have a new helmsman from within

the organisation, TT Thomas, who was director (marketing) has been

appointed acting chairman & managing director of the multi-division

company headquartered at Udyogamandal.

FACT has announced VRS for which 428 employees have opted for.

FACT has informed BSE that Government of India, Ministry of Disinvestment

has constituted an inter Ministerial Group for the purpose of disinvestment

of 51% of stake of FACT.

Shri.P.R Balasubramanian has assumed the charge for the post

of Chairman and Managing Director of Fertilisers and Chemical

Travancore Ltd.

FACT Employees Association, affiliated to Bharatiya Kamghar Sena

said that the curruption by the management has resulted in

financial crisis of the FACT.

Government has invited Expression of Interest for the disinvestment

of Fertilizers and Chemicals Travancore Ltd.

Fertilisers and Chemicals Travancore Ltd., has closed down two

of its plants at Cochin division due to fuel shortage. And has also

issued orders to shut down its plants at Kochi and Udyagamandal

division.

Kochi Save Fact Action Committee has mooted a multi-stage

co-operative society under MSCS Act 1984 to acquire Fertilisers

and Chemicals Travancore Ltd.

The employees have initiated a snap strike as they were beaten up

by the police and CISF.

IFFCO Managing Director, Mr Uday Shankar Awasthy visited FACT

and has given positive response on the hopes of revival of the

company.

With the January 10 deadline approaching and response to the VRS offer very poor, the management of Fertilisers and Chemicals Travancore (FACT) is considering diluting the conditions and introducing leave encashment to attract more workers.

Shri S Balan, Chairman & Managing Director, Rashtriya Chemicals & Fertilisers Ltd has assumed additional charge of the post of Chairman and Managing Director of the company.

Fertilisers and Chemicals Travancore Ltd (FACT) at nearby Udyogamandal has set up a grievance cell with a view to provide more services to the farming community

Fertilisers and Chemicals Travancore Ltd (FACT) has signed a `heads of agreement' with Gail (India) Ltd for supply of LNG from the proposed terminal at Kochi for FACT's fertiliser and petrochemical units

FACT to join hands with Syrian firm.

FACT signs MoU to make gypsum-based building materials

Fertilizers & Chemicals Travancore Ltd has informed that Shri A. Asokan, Director (Marketing) has taken over the additional charge of the post of Chairman and Managing Director (MD) of the Company with effect from December 01, 2009.

V.G. Sankaranarayanan has been appointed as a Chairman and Managing Director of the Company

Sham Lal Goyal has been appointed as a Chairman and Managing Director of the Company.

The Fertilizers and Chemicals Travancore Limited (FACT) has achieved record monthly production of Ammonium Sulphate at 24,016 tonne.

Fertilizers and Chemicals Travancore received 'Approvals for placing work orders for two Capital Projects''.