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Twenty First Century Management Services Ltd

Rashtriya Chemicals & Fertilizers Ltd

BSE : 524230|NSE : RCF|ISIN : INE027A01015

Rashtriya Chemicals & Fertilizers Ltd Company History

Rashtriya Chemicals & Fertilizers is engaged in the manufacturing and marketing of fertilizers and industrial chemicals.

1978
1990
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
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2007
2009
2011
2012
2013
2014
2015

1978

Rashtriya Chemicals & Fertilizers Ltd; a Government Company,

registered under the companies Act, 1956, has been formed in 1978 after

reorganisation of the erstwhile Fertilizer Corporation of India &

National Fertilizers Ltd.

The company is engaged in Production & Marketing of nitrogenous &

complex fertilizers & industrial chemicals with its manufacturing units

at Trombay & Thal & marketing offices in most of the States of India.

1978

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1990

The Company had taken a KD 30 million loan in 1981 to meet the

foreign exchange component of Thal Project.

The company has bagged an Award for social forestry of the Bombay

Chamber of Commerce and Industry for the year 1990-91.

The plantlets of sugarcane were regenerated via callus derived from

young inflorescence, followed by young leaf explants. Tissue culture

on multivitamin plant, Chakurmani, has been initiated and screening

number of culture media and explants is in progress.

A 5000 MTPA plant has been set up at Thal. Mechanical erection of

the plant is completed and the plant is being commissioned.

RCF is proposing to set up a 2.5 lakh MTPA phosphoric acid plant in a

rock producing country like Togo or Jordan .

An agreement has been entered into in January 1991 with M/s

Mitsubishi Corporation of Japan to provide technical personnel for

operational and supervisory services in connection with

pre-commissioning, commisioning and test run of Jamuna Fertilizer

Project in Bangladesh.

The company's Education-cum-Training scheme for SC/ST students has

entered into 14th successful year and so far 100 SC/ST students have

received its benefits . The aim behind the scheme is to help and

motivate the students from SC/ST communities to take up higher studies

for their better future.

The prestigious INDIRA GANDHI MEMORIAL NATIONAL AWARD instituted by

the Andhra Pradesh Public Sector Employees Federations was bagged by

Shri J Kohareswaran, Deputy Finance Manager (Thal) for "BEST MANAGER"

and Shri D V Khapde, General Secretary of RCF Employee's Union, for

"EXCELLENT TRADE UNION LEADER" . Shri Shivaji Shinde of Trombay-V

Bagging Plant bagged "GUNAWANT KAMGAR AWARD" of Government of

Maharashtra for the year 1991.

During the year 1990-91 RCF has been adjudged as the "BEST EMPLOYER"

by The National Society for Equal Opportunity for the Handicapped for

having employed high number of physically handicapped persons

particularly in category of the hearing handicapped . Dr. R N Trivedi,

Chief Research Scientist, has been adjudged "BEST HANDICAPED EMPLOYEE"

for the year.

1990

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1992

The Company faced shutdown of two of its three streams of Urea Plant

for a fairly long period.

Under the Technical Assistance Agreement with M/s. Haldor Topsoe, the

work for Auto Optimisation of four critical parameters in Ammonia

Plants by installation of Advanced Control System has been completed in

March 1992 which will result into energy saving of 0.1 to 0.15

MKcal/M.T. of Ammonia.

A Comprehensive Purge Gas Recovery Unit is being set up with energy

conservation as one of its important objective.

The Company has entered into Technical Assistance Agreement with M/s.

Haldor Topsoe, Denmark for technical upgradation of Ammonia Plants at

Thal.

An Adivasi Development Centre, which is also used as Balwadi and for

Adult Education and Medical Aid, has also been set up in Thane District

under the programme.

The Company's R & D Centre has developed a new Complex Fertilizer

viz. Ammonium Polyphosphate (APP) (12:56:0) which is under extensive

field test with cereals, oil seeds and vegetable crops in the

Agricultural Research Farm at Thal, several Agricultural Universities

and ICAR Projects.

1992

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1993

The Company proposes to set up a Purge Gas Recovery unit at Thal for

recovery of Hydrogen.

The Company has undertaken a project for agricultural development in

collaboration with European Economic Community (EEC).

The Company had launched "Chembur Green Project" to promote green

environment around its Trombay complex.

The Company has a well established Research and Development Division

which is engaged in sustained applied research in the field of

fertilizers, chemicals agriculture and biotechnology.

The Pilot Plant of 1.0 MT/Hr. capacity has been installed

commissioned and operated successfully during the year to produce NP

27:9:0 and 19:19:0 grades of Urea Nitric Phosphate which is a new

fertilizer material containing more than 90% water soluble P2O5.

Dimethyl Formamide section of Plant at Thal has been commissioned.

Dymethyl Acetamide (DMAC) Plant at Thal DMAC Plant with the capacity of

3000 MT per annum is being erected at Thal and is likely to be

commissioned by November.

M/s Linde AG, Germany has been awarded the contract to set up and

commission Purge Gas Recovery Unit at Trombay to reduce the over all

energy consumption, increase the Ammonia production and recover

Ammonia, Hydrogen, Methane and Argon from the Purge Gases.

1993

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1994

The production of Suphala and ANP was affected due to marketing

constraints and the production of Urea had suffered due to inadequate

availability of gas from Gas Authority of India.

The company successfully commissioned a Dimethyl Acetamide Plant at

Thal.

The Company proposes to introduce the Advance control system in

Trombay V Ammonia plant to control critical parameters like

Hydrogen-Nitrogen ratio, steam carbon ratio, synthesis loop

pressure/purge flow, reformer firing and synthesis gas compressor

suction pressure.

The company has bagged the first Rajiv Gandhi Environment Award for

Clean Technology and the National Award for Prevention of Pollution

from Ministry of Environment and forests, government of India.

Shri Abraham Thomas was appointed as Chairman and Managing Director

of the Company with effect from 20th October.

The R & D Division of the Company has set up a production facility

for Isotope of Nitrogen [N-15] the only one in India] of 800 gms/annum

capacity at a cost of Rs.35.00 lakhs.

Two of the employees viz. Mrs. Hemlata Lad and Shri Jaypal Patil from

Trombay and Thal Unit respectively bagged GUNVANT KAMGAR PURASKAR of

the government of Maharashtra for the year 1993.

Mr. B.M. Rao, Sr. Technician and Mr. K.S. Mehta, Technician Gr. II

[Inst.] of PAP Plant were awarded the Vishwakarma award by the

government of India.

1994

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1995

The Company alongwith M/s. United Gulf Group of Saudi Arabia have

envisaged to set up a 'Machining And Equipment Accessories

Manufacturing and Industrial Service Centre', to cater to the

Petrochemical and Fertilizer Industries in and around Al-Jubail, Saudi

Arabia.

The Company alongwith KRIBHCO and Oman Oil Company has been assigned

to set up a Joint Venture Ammonia and Urea complex in the Sultanate of

Oman.

10000 MTPA Formic Acid plant and 1200 NM3/hr capacity CO plants are

being set up at Thal.

The Company has successfully commissioned the Purge Gas Recovery

Unit.

The Company has signed a Memorandum of Understanding with Konkan

Krishi Vidyapeeth, a premier Agricultural Research Organisation for

conducting extensive joint research and extension services in the field

of crop performance, yields, increasing efficiency of fertilizers etc.

The company has a well equipped Farmers' Training Institute which is

committed to impart the latest knowhow in agricultural and farm

technology to the farmers.

Four employees of the Company viz. Shri Vishwas N. Pathak, Sr.

Technician [Ele.], ANP, Shri Vasudev N. Dhekane, Sr.Operator CNA Plant,

Shri Dilip L. Jambhale, Sr. Operator Ammonia V and Shri Tukaram S.

Divekar, Sr. Operator NSG plant bagged GUNVANT KAMGAR PURASKAR of the

Government of Maharashtra for the year 1994.

Shri Ramesh Pillay, Sportsman [Hockey] was conferred Shiv Chatrapati

Award by the Government of Maharashtra for the year 1994-95.

Shri Rajendra Purushottam Paradkar, Shift Manger Tr. V Ammonia Plant

has bagged the Fifth Indira Gandhi Memorial National Award for the year

1994 as EXCELLENT MANAGER.

Shri K.W. Deshpande, Chief Engineer, Management Services was

conferred the HK Firodia Award by the Indian Institute of Industrial

Engineering for the year 1994.

1995

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1996

The performance of the Trombay Unit was slightly affected due to

reasons such as failures in MSEB Power Grid, Shortage of Water Supply

from BMC, Gas Supply restrictions from ONGC etc.

The President of India has appointed Shri S.Balan as full time

Director [Finance] w.e.f. 8.4.1996. Shri Pradeep Singh has been

appointed as Chairman and Managing Director w.e.f. 18.7.96.

1996

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1997

The Company has signed an agreement with National Securities

Depository Ltd. on 4.2.1996 for trading the Company's shares in

Electronic form.

The `Joint Venture Agreement' with the Oman Oil Company and KRIBHCO,

for setting up a Fertilizer Complex in Oman was signed during the visit

of His Highness The Sultan of Oman in April.

The Purge Gas recovery unit was commissioned in December, 1996.

A sewage treatment plant is also being set up at Trombay to process

the untreated ewage water received from Municipal Corporation and

recover fresh water.

Shri Vinay Bansal, Director of the Company resigned from the office

w.e.f. 8.7.1997 consequent to his transfer as Secretary (Forests),

Government of Maharashtra.

The President of India also appointed Shri D.K. Varma as Chairman and

Managing Director w.e.f. 4th October 1996 and Shri H.C.P. Sinha as

whole time Director (Technical) w.e.f. 26th February.

1997

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1998

The Company is one of the first Companies to sign Agreement with NSDL

for trading its scrips in Electronic form.

1998

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1999

The Company, has signed an agreement with Central Depository Services

[India] Ltd.[CDSL] on 24.2.99 for trading the Company's shares in

electronic form the for benefit of the Shareholders of the Company.

Liquid micronutrients were launched during the year under the

brandname MICROLA and over 10,000 litres were sold in the state of

Maharashtra.

The Company has signed an MOU with UCB S.A. Chemicals, Belgium, an

internationally reputed Chemicals manufacturing and marketing company

having units all over the world, to produce 20,000 MTPA, of

Methylamines and its derivatives at Thal.

The Company has successfully commissioned 10,000 MT Ammonia storage

facility. The Company also commissioned the 150 MTPA Bio-fertilizer

Plant for producing BIOLA and MICROLA at Trombay and the Formic Acid

Plant with an installed capacity of 10,000 MTPA at Thal.

1999

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2000

The Company proposes to set up a single super phosphate manufacturing

plant with an annual capacity of 2.50 lakh tonne in Madhya Pradesh.

Rashtriya Chemicals and Fertilisers Limited, Mumbai and Maharashtra

Scooters Ltd., Satara, were presented the Dr. R J Rathi Award for

Environment Pollution Control.

2000

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2001

Rashtriya Cgemicals and Fertilisers Limited, finalised its wage agreement with

Union, association.

RCF shuts down two of its plants at trombay because of natural gas shortages.

RCF signed a memorandum of Association with the government under which

total area production is targeted at 16.91 lakh metric tonne.

Rashtriya Chemicals and Fertilisers Ltd ha turned to British Gas for

Liquefied Natural Gas (LNG) to meet its feedstock requirements.

RCF submitted Expression of Interest to acquire the fertilizer plants of

SAIL and Pradeep Phosphate.

2001

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2002

Government appointed Mr.H.P.Pota as Director of Rashtriya Chem Board

Mr.S.Balan has been appointed as the Chairman and MD of Rashtriya Chemicals

Company informed the exchange about the appointment of additional directors

Lt.Gen Mr.M.S Bhullar, Mr. Sanjay Kaushik, Dr.H.Shanthamma, Prof.Ashok Mishra

and Mr.K.P.Fabian.

2002

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2003

Governement invited bids to select advisors for the disinvestment of 51% stake in

RCF.

RCF posted a net profit of Rs. 31.8million for the quarter as against the net loss

the previous year.

RCF has informed that Shri. H.S.Karangale has been appointed as Director (Technical) on the Board of Rashtriya Chemicals and Fertilizers Limited.

2003

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2005

RCF signs MOU with Hindustan Petroleum Corporation Ltd

2005

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2007

Rashtriya Chemicals & Fertilizers Ltd (RCF) has appointed Dr. Ashok Misra, Director (IIT), Mumbai, Shri. Anil Agrawal, Chartered Accountant and Shri. I C Srivastava, IAS (Retired) as Non-official Directors on the Board of the Company for a period of three years.

2007

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2009

Rashtriya Chemicals & Fertilizers (RCF) bagged the MoU Excellence Award for 2006-07 and 2007-08. U. S.

Golden Peacock Environment Management Award to RCF-Trombay

2009

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2011

Rashtriya Chemicals and Fertilizers net profit rose 38.43 per cen

2011

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2012

Rashtriya Chemicals and Fertilizers jumps over 4% on divestment plan

2012

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2013

The Mumbai based public sector fertilizer giant Rashtriya Chemicals & Fertilizers Ltd. (RCF) in its quest for growth has recently completed major revamp of its plants at Thal at a cost of Rs 489 crore which has increased its Urea capacity from 17 lakh MT to 20 lakh MT per annum.

RCF Signs MoU With Government of India

2013

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2014

The Company has signed an MoU with Bharat Petroleum Corporation Limited for setting up of new Sewage Treatment Plant

Rashtriya Chemicals and Fertilizers Ltd has recommended payment of Final Dividend at Rs. 1.50 per equity shares of Rs. 10 each

Rashtriya Chemicals and Fertilizers Ltd has approved for setting up 2 MWp PV Grid Connected Crystalline Solar Power Plant at Trombay

2014

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2015

RCF signs MOU with Turkmenhimiya to supply urea

Rashtriya Chemicals enters into JV with CIL, GAIL, FCL

State-run Rashtriya Chemicals and Fertilizers Ltd (RCF) said that it will invest around Rs 14,000 crore over the next five years for expansion and charting a growth path for the public sector unit.Â

2021Â

 -Rashtriya Chemicals & Fertilizers (RCF)  received approval from the Department of Fertilizers (DOF) for setting up an NPK plant.

2015

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