Mangalore Chemicals & Fertilizers Ltd Company History

The chairmen of UB Group and SPIC have reached an agreement under which SPIC will join UB as a co-promoter in the rehabilitation of the Mangalore Chemicals and Fertilisers Ltd.

Submitted a Rs. 300 crores revival package.

The bagging and transportation of Urea and DAP has come to standstill at the MCF from September due to sudden strike launched by about 45 stitching and packing workers.

Suspended 10 workers in the first shift who were on strike for the last 18 days demanding the termination of the loading contractor.

The Board for Industrial and appointed the Industrial Development Bank of India as an operating agency for the purpose.

The Board for Industrial and Financial Reconstruction (BIFR) has ordered a change in management of the sick Mangalore Chemicals and Fertilisers Ltd (MCFL) a company promoted by Vijay Mallya's Unite Breweries group.

Appellate Authority for Industrial and Financial Reconstruction (AAIFR) has dismissed the appeal of Mangalore Chemicals & Fertilisers Ltd (MCF) as withdrawn.

Workers union affiliated to Intuc has decided to participate in the open bid to take over the administration of MCF in association with other co-operatives.

Karnataka Government on 15.2.96 asked the private owned Mangalore Chemicals and Fertilisers Ltd.

Signed a memorandum of understanding (MoU) with the MCF workers union revising wages

Offered to acquire a majority stake in Vijay Mallya's sick Mangalore Chemicals & Fertilisers.

Achieved the highest ever production of 3.42 lakh tonnes urea corresponding to 101 per cent of the rated capacity.

Awarded the prize for best improvement in overall performance for 1996-97 by the Fertilizer Association of India.

The Penambur unit of Mangalore Chemicals and Fertilizers (MCF) has commenced production after a month-long shutdown due to breakdown of certain critical equipment

MCF records 44pc rise in sales, net up at Rs 17.33 cr

Receives Fertiliser Association of India Award for improvement in its overall performance for the year 1997-98 according to a press release from the company.

Financial institutions have rejected a proposal by Vijay Mallya-controlled Mangalore Fertilisers & Chemicals (MFCL) for a one-time settlement of outstandings

Dispatched the `first batch' of finished products including superior kerosene oil (SKO) and high-speed diesel (HSD) to Hindustan Petroleum Corporation Ltd (HPCL)

Board for Industrial and Financial Reconstruction (BIFR) has sanctioned a rehabilitation scheme for Mangalore Chemicals and Fertilisers Ltd (MCFL), promoted by UB Group. Also, the Industrial Development Bank of India (IDBI) has been appointed as the monitoring agency (MA) to review the progress of implementation of the sanctioned scheme.

Reliefs sought for the revival of Mangalore Chemicals & Fertilisers a UB group company were taken up at a high-powered meeting of the Industries Department

Urea plant has been shut down following an accident on February 9 which resulted in the death of two persons.

Two people were killed and six injured in a gas leak-related explosion at the Panambur unit

Board for Industrial and Financial Reconstruction (BIFR) has directed Vijay Mallya controlled sick industry company to submit a comprehensive revival proposal with the means of finance fully tied up.

Company has received ROC permission

Wiped off its accumulated losses of Rs 169.39 crore

Production of urea trucks loaded with Mangala urea rolled out of the MCF factory at Panambur

VRS was introduced as per the BIFR Scheme.

Urea Production was stopped on 6.3.2001 after achieving the installed capacity.

Karnataka High Court stayed the govt's order on downward revision of urea retention price with retrospective effect

Organised one of its periodic on-site `mock drills' at its Panambur unit, to help the organisation `to keep people and material in all preparedness to undertake any emergency effectively.

Approves to voluntarily delist its shares from Mangalore and Madras Stock Exchange.

MCF negotiation with workers fails

Awarded ISO 14001:1996, the environmental management system standard certificate, for its fertiliser complex at Panambur in Mangalore.

Mangalore Chemicals & Fertilisers Ltd has informed that it has filed an application for permission before the Government of Karnataka for closure of its di-ammonium phosphate plant situated at Panambur, Mangalore due to the continued unremunerative nature of its operations.

SBI Capital Markets appointed as lead arranger for Mangalore Chemicals & Fertilizers to structure funding of proposed Rs 360 crore metallurgical coke production plant

Receives OHSAS certification

Mangalore Chemicals & Fertilizers Ltd has informed that the Board of Directors of the Company at its meeting held on October 27, 2006 has appointed Mr. K Prabhakar Rao, Vice President-Manufacturing as a Whole-time Director of the Company.

Installation of 100 TPD Sulphuric Acid plant

Installation of Imported Fertilizers Handling Unit

MCF has won the certificate of merit for achievement in Energy conservation for the 2009-10 from Government of Karnataka.

MCF has received UNNATHA SURAKSHA PURASKARA, a prestigious award for the outstanding performance in Safety Management systems for the year 2009-10.

FAI Environmental Protection Award in NP/NPK Fertilizer Plants for the year 2009-2010.

The Company has recommended a dividend of Re 0.70 per equity share.

SECOND BEST SAFE INDUSTRY IN LARGE SECTOR FOR THE YEAR 2010 award conferred by the Karnataka State Safety Institute (R) (Department of Factories & Boilers) and the National Safety Council, Karnataka Chapter, Bangalore.

FAI Environmental Protection Award in NP/NPK Fertilizer Plants for the year and 2010-2011.

FAI runner up award for best technical innovation in Fertilizer Industry for the year 2010-11.

FAI joint runner up award for Production Performance in Nitrogenous Fertilizer Plant for the year 2010-11.

Mangalore Chemicals & Fertilizers Limited has informed that MCF International Limited, the wholly-owned subsidiary of the Company proposes to merge with the Company pursuant to a

Scheme of Amalgamation filed with the Honourable High Court of Karnataka, Bangalore.

The Company has re-appointment of Mr. K Prabhakar Rao, as whole-time Director.

The Company has re-appointment Mr. Deepak Anand, as Managing Director.

Mangalore Chemicals & Fertilizers’ scrip skyrockets by nearly 17% on RIL stake-buy reports.

Board has recommended a dividend of Rs. 1.20 per equity share.

MCF has been conferred "First Runner-Up" award for the year.

Mangalore Chemicals hits 52-week high after Zuari Fertiliser.

Mangalore Chemicals & Fertilizers Ltd has recommended a dividend of Rs. 1.20 per equity share.

Mrs. Ritu Mallya as a Director of the Company.

Mangalore Chem. Commencement of Operation of Urea Plant.

Mangalore Chemicals and Fertilizers (MCFL) has received green clearance for Rs 1,547-crore expansion-cum-modernisation of its fertiliser plants in Karnataka