FACT records profit despite COVID-19 lockdown
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Fertilisers and Chemicals Travancore has made file profit of greater than ₹83 crore in the course of the quarter ending September this yr.
“This is an all-time high operating profit reported in a quarter by the company,” stated a communication from the general public sector fertilizer firm. FACT additionally reported a turnover of ₹1,047 crore for the quarter as in comparison with ₹931 crore throughout the identical interval final yr.
During the quarter ending September 30, manufacturing and sale of Factamfos, the corporate’s flagship product, and ammonium sulphate surpassed earlier ranges and touched the best degree throughout any previous quarter. FACT imported two shipments of muriate of potash (MOP) and one cargo of NPK fertilisers in the course of the first half yr.
The highlights of the quarter embrace the all-time excessive quarterly Factamfos manufacturing of two.36 lakh tonnes; all-time excessive ammonium sulphate manufacturing of 0.69 lakh tonnes; and Factamfos and ammonium sulphate gross sales degree of two.77 lakh tonnes. MOP gross sales stood at 0.46 lakh tonnes and imported NPK gross sales stood at 0.26 lakh tonnes.
The first six months of the present fiscal additionally noticed an all-time excessive half-yearly Factamfos gross sales of 4.63 lakh tonnes at the same time as the corporate launched the dispatch of fertilisers by way of coastal delivery route in the course of the second quarter.
FACT has additionally entered the markets in West Bengal and Odisha as a part of its efforts to increase its attain. FACT was severely constrained by monetary difficulties, however the “big performance” had come despite these limitations, added the communication. It stated that COVID-19 protocol, prescribed by the Union and State governments, was being noticed on the manufacturing unit premises and in manufacturing models.
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