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मद्रास फर्टिलाइजर्स > कंपनी इतिहास > Fertilisers > कंपनी इतिहास का मद्रास फर्टिलाइजर्स - बीएसई: 590134, NSE: MADRASFERT

मद्रास फर्टिलाइजर्स

बीएसई: 590134  |  NSE: MADRASFERT  |  ISIN: INE414A01015  |  Fertilisers

कंपनी इतिहास - मद्रास फर्टिलाइजर्स
YEAR                       EVENTS
 1966 - Madras Fertilizers Ltd. was incorporated on 8th December, as
 a
        Joint Venture between GOI and Amoco India Incorporated of USA
 in
        accordance with the Fertilizer Formation Agreement executed
 on
        14th May with equity contributions of 51% and 49%
 respectively.
 
      - The Company is engaged in the manufacture of ammonia, urea
 and
        complex fertilizers at Manali, Chennai, MFL is also engaged
 in
        manufacturing bio-fertilizers and marketing fertilizers and
        agrochemicals under the brand name `Vijay'.
 
 1968 - The Company has entered into a Purchase Agreement on March
 21,
        for an annual requirement of 250,000 MT with Madras
 Refineries
        Limited, a company held by GOI & NIOC, with relevant clauses
 for
        quality and quantity determination.
 
 1975 - The Company has the unique distinction in plant safety record
 of
        continuous 3190 accident free days (8 years and 9 months)
 from
        10.02.75 to 05.11.83 amount to 19.8 million man-hours of
        operations without any disabling injury.
 
      - MFL has entered into a long term agreement with TNEB on
 August
        23, for supply of Maximum Demand 22,000 KVA.
 
 1991 - The Company received an award from Fertilizer Association of
        India for `outstanding performance in the performance in the
        production of phosphatic' fettilizers during the year.
 
 1992 - MFL commissioned a Hydrolizer Stripper plant for treating
        effluents from ammonia and urea plants.  The Company has also
        developed a green belt in the plant campus covering about 30
        acres.
 
      - Farmers Service Award for the year instituted by Gandhi Gram
        Rural Institute, Tamil Nadu.
 
      - The Company has established about 150 upcountry warehouses
        through the State/Central Warehousing Corporations and other
        private warehousing agencies.
 
 1993 - The Company received the Jawaharlal Nehru Memorial National
 Award
        by International Greenland Society, Hyderabad for effective
        implementation of pollution control methods.
 
      - The Company got the Second prize in National Energy
 Conservation
        for the year.
 
      - MFL was also successful in getting a  million Technical
        Management contract from the State Fertilizer Manufacturing
        Corporation in Sri Lanka.
 
      - The Company increased the capacity of the Ammonia Plant by
 40%
        from 750 tonnes per day to 1050 TPD.  The Company increased
 the
        capacity of the Urea Plant by 66% from 885 TPD to 1475 TPD.
 
      - The company has entered into long term purchase contract on
        October, 18th, with M/s. Indian Ocean Fertilizer, South
 Africa
        for the supply of phosphoric acid.
 
 1994 - MFL has entered into a purchase agreement for an annual
        requirement of 2,50,000 MT of Naphtha with M/s. Madras
 Refineries
        Ltd. a PSU situated close to MFL.
 
      - MFL has entered into a long term supply contract with M/s.
 Indian
        Ocean Fertilizer, South Africa for supply of phosphoric acid.
 
      - The Company installed dual pipe reactor system in NPK `B'
 train
        to enhance production rate, reduce fuel consumption and
        replacmeent of product cooler in the NPK Plant.
 
 1995 - The Company has been entering into a Memorandum of
 Understanding
        with the Department of Fertilizers, Ministry of Chemicals &
        Fertilizers, GOI for the past 4 years.  The Company was
 awarded
        Excellent rating for the year 1995-96.
 
      - The Company is the first PSU in the Fertilizer industry to
 get
        the ISO 9002 certification effective 1st November.
 
 1996 - The company has set up a Reverse Osmosis Plant to take care
 of
        any future water shortages.
 
 1997 - The company is entering the capital market for the first time
        with an initial public offering (IPO) of Rs.42.95 crores in
        286.30 lakh shares is Rs 10.00 each at a premium of Rs 5.00,
 to
        raise Rs 42.95 crore from the public.
 
      - Since April 1996, COL has entered into an agency agreement
 with
        another Mumbai-based, closely held, Ventron Chemicals Ltd
 (VCL),
        for marketing the latter products.
 
      - The Rs 660-crore Madras Fertilisers Ltd (MFL) plans to set up
 a
        sulphuric acid plant, with a 400 tonne per annum capacity at
        its Manali plant near Chennai.
 
      - The drop in production of NPK was due to the shutdown of the
        ammonia and urea plants from early March this year till the
 end
        of September.  The shutdown was in connection with the hooking
 up
        of the old plants with the new plants constructed at a outlay
 of
        Rs.573 crores.
 
      - The Madras Fertilisers plant located at Manali near Chennai
 was
        closed down on November 30 amidst speculation that it was due
        to a gas leak.  The gas, identified as ammonia, has
 reportedly
        caused some irritation and breathing problems in nearby
        villages and the matter was reported to company officials and
        the Pollution Control Board (PCB).
 
 1998 - MFL had been assigned an MA-rating in August 1993 by the
        Investment Information and Credit Rating Agency on its fixed
        deposit programme.
 
      - Though the revamped Ammonia/Urea Plants were commissioned
 during
        September 1997, owing to initial teething problems and the
 steam
        limitation, commencement of commercial production of Urea was
        delayed to March 3, when steam was available from the new PC
        Boiler for regular use.
 
      - The Company also commenced marketing of an eco-friendly neem
        based pesticide viz. Vijay Neem during the year under
        arrangement with M/s. Fortune Biotech Ltd (FBL), Hyderabad,
 who
        commissioned their The State of Art plant for the manufacture
        of Azadirachtin.
 
      - The MoU for the year 1998-99 was signed with GOI during
 April.
 
      - The Company was selected for the prestigious Energy
 Conservation
        Award for the year 1996-97 by the Ministry of Power, Govt. of
        India for implementing various energy conservation schemes.
 
      - The Company received Best Environmental and Ecological
        Implementation Gold Award from International Greenland
 Society
        for the year 1997-98.
 
      - The Company also received Best Tax Payer Award in the
 category
        of Employer for the year 1995-96 which was presented by the
        Hon'ble Union Minister for Finance.
 
 1999 - The government was proposing to reduce its stake to eight per
        cent from 58 per cent for which the second largest
 shareholder,
        the National Iranian Oil Company recently gave an
 in-principle
        approval.
 
      - Biwater Plc, which has been awarded the Bangalore water
 supply
        project, has entered the race for the construction of a 0
        million effluent re-use plant for Madras Fertilisers and
        Refineries industries complex near Chennai.
 
      - A Memorandum of Understanding (MoU) was signed between the
 MFL
        and the Department of Fertilisers, Ministry of Chemicals and
        Fertilisers.
 
      - MFL signed an MoU with Monsanto Enviro Chem System Inc.
 (MECSI)
        in June, under which MECSI will rectify the problems
 afflicting
        the prill tower.
 
      - The government also proposes to convert Rs 80-crore of loans
 into
        preference shares.
 
      - MADRAS Fertilisers Ltd (MFL) is likely to face the threat of
 zero
        inventory and consequently may shut down its plant
 temporarily
        for maintenance, apart from pressing in other options, if the
        truck strike continues for the next few days.
 
      - MADRAS Fertilisers Ltd (MFL) will switch over from naphtha to
 LNG
        for feedstock.  The State-owned entity has also made the
        necessary arrangements to tie up with Dakshin Bharat Energy
        Consortium which is headed by Siemens for feedstock supply to
 the
        project.
 
      - MFL also proposes to set up a 25 MW captive power plant.  Of
        this 18 MW would be used by MFL while the balance would be
 sold
        to the grid.  Ideally, MFL is looking to set up this plant on
 a
        BOT basis with a lifespan of at least 10 years.
 
      - MFL has also entered into an agreement with Madras Refineries
        Ltd.  Under the agreement, MRL's current overdue of Rs. 55
        crores would be converted into a term loan repayable in four
        years.
 
      - MFL plans to reintroduce a voluntary retirement scheme (VRS)
 in
        2000.
 
 2001 - Madras Fertilisers Ltd has signed Memorandum of Understanding
 with the Department 
              of Fertilisers, Governmnet of India for the year
 2001-02.
 
 2002
 
 -Government of India approves for the financial restructuring of
 Madras Fertilizers.
 
 -Mr. Pawan Kumar Wadhwa and Mr. Suresh Chandra are ceased to be the
 Directors 
 and Mr. M R Sharma is being appointed as the Directors on the Board
 of the company.
 
 -Mr Sukumar N Oommen appointed as the Chairman and MD of the
 company.
 
 2003
 
 -National Iranian Oil Company grants No Objection Certificate to the
 government for the
 sell off of Madras Fertilizers Ltd.
 
 -Mr. Vijay Singh and Mr. S M Mortazavi are ceased to be the Directors
 of the company.
 Mr. Suman Swarup and Mr. Malmood vaezi are appointed as Directors.
 
 -Financial restructuring package as follows:
 
 a. Waiver of outstanding interest amounting to Rs 706.5 million as on
 March 31, 2003 on the outstanding loan of Rs 2199.7 million, drawn
 from GOI by MFL.
 b. Moratorium on principle repayment of the GOI loan of Rs 2199.7
 million drawn by MFL upto March 31, 2004.
 c. Waiver of penal interest for past defaults in repayment of
 principle and interest of GOI loan up to March 31, 2003.
 
 -The stock leaps 9.8% on account of financial restructuring.
 
 -MFL gets Union government permission for second round of Financial
 Assistance and 
 Capital Restructuring.
 
 -As part of restructuring programme the government approves for the
 reduction in interest
 from 15.10% to 7% on outstanding GOI loan.
 
 -Shri P S Prasad, Nominee Director (ICICI Bank) has been appointed in
 place of Shri P M Kale, Nominee Director (ICICI Bank).
 
 -ING Vysya Life signed an agreement with public sector Madras
 Fertiliser Ltd (MFL) to sell its life insurance policies to farmers,
 using the fertiliser company's dealer network in rural sector
 
 2005
 
 - Madras Fertilizers Ltd enters into  one-time settlement agreement
 with ICICI Bank, which will benefit the MFL to the tune of Rs 18.95
 crore as of March 31, 2005.
 
 2007
 -Company has created Email ID of the Grievance Redressal
 Division/Compliance Officer for this purpose - cs@madrasfert.com and
 also a website called  www.madrasfert.nic.in.
 
 2008
 
 -Madras Fertilizers Ltd has informed that The Government of India
 vide its letter No. 84/2/2007-HR-I dated July 21, 2008 has appointed
 Shri S Muralidharan, as Chairman & Managing Director in place of Shri
 G S Mangat, CMD,
 
 2009
 
 -Shri M S Mathews has been appointed as a Director - Technical of the
 company.
 
 2010
 
 -Dr. V. Rajagopalan has been appointed as a Director of the company.
 
 2013
 
 -Dr I Vijayakumar has been appointed as a Compliances Officer of the
 Company.
 
 2014
 
 -Shri V Muralidharan has been appointed as Company Secretary of the
 company.
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `50 Cr की बिकवाली की
  • MARKET CUES : DIIs ने कैश में `308 Cr की बिकवाली की
  • MARKET CUES : FIIs ने F&O में `3174 Cr की बिकवाली की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `552 Cr की बिकवाली
  • MARKET CUES : इंडेक्स ऑप्शंस में `1592 Cr की बिकवाली
  • MARKET CUES : स्टॉक फ्यूचर्स में `1018 Cr की बिकवाली
  • MARKET CUES : स्टॉक ऑप्शन में `11.98 Cr की बिकवाली
  • CS ON HAVELLS : Neutral रेटिंग, लक्ष्य घटाकर `615/Sh
  • MS ON ICICI PRU : Equal-weight रेटिंग, लक्ष्य `540/Sh
  • MS ON HDFC AMC : Equal-weight रेटिंग, लक्ष्य `3,300/Sh

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