About Company
RAMAGUNDAM FERTILIZERS AND CHEMICALS LIMITED (RFCL) was incorporated on 17th Feb, 2015 to set up natural gas-based ammonia urea complex along with offsite & utility facilities at Ramagundam, Telangana with design capacity of 2,200 MTPD Ammonia Unit and 3,850 MTPD Urea Plant.
RFCL is a Joint Venture Company of National Fertilizers Limited (NFL),Engineers India Limited (EIL) and Fertilizer Corporation of India Limited (FCIL) (Promoters) with 26% equity each by NFL & EIL. FCIL has been granted 11% equity in terms of CCEA approval. Govt. of Telangana has taken equity participation of 11% equity.
With the signing of Share Subscription Cum Shareholders Agreement (SSSHA) on 18th August, 2018 amongst RFCL, its Promoters and Investors, leading to Equity participation of 14.3% of Equity Capital by GAIL (India) Ltd. and 11.7% of Equity Capital by HTAS Consortium (consisting of HT Ramagundam A/S, IFU and Danish Agribusiness Fund, Denmark).
RFCL declared its commercial operation of the Ramagundam Unit on March 22, 2021. For the financial year 2022–23, RFCL produced 8,40,436 MT and dispatched 8,43,266 MT of neem-coated prilled urea. For financial year 2023–24, RFCL produced 8,16,211MT and dispatched8,19,335 MTtill December 31, 2023.Going forward RFCL endeavours to produce 12.7 Lakh MT per annum at 100 % capacity utilization.
The financial turnaround, with the company earning profits from the financial year 2022-23 onwards and experiencing significant profitability growth in the first half of the financial year 2023-24, is a positive outcome. This suggests effective strategic planning, efficient execution of plans, and a resilient organizational structure. Overall, the narrative paints a picture of a company that faced challenges head-on, demonstrated resilience, and ultimately achieved success under strong leadership and teamwork.
The comparative position for FY 2022-23 vis-à-vis First Three Quarters of 2023-24 is as under: