RCF POSTS RECORD INCREASE OF 39% IN PROFIT
Company during the financial year achieved a turnover of Rs.7638.55 crore registering an increase of about 17% over previous year. Profit before Tax stood at a record high of Rs.509.63 crore (previous year Rs.367.32 crore) registering an increase of about 39%.Profit after Tax stood at Rs.322.06 crore as compared to previous year Rs.249.89 crore, resulting in an increase of 29%.
Company’s performance during the year has been bolstered by higher volumes of manufactured and Traded fertilizers and higher energy efficiencies, despite challenges encountered on account of gas availability and delays in disbursement of subsidy.
Company is in the process of setting up of a Brownfield Ammonia Urea plant at Thal at an estimated capex of approximately Rs.5500 crore which would result in additional urea capacity of 1.27 MMT per annum. The project is awaiting Government approval. Company is also exploring other investment opportunities in India and abroad.
The Board of Directors have recommended a dividend of Rs.1.80 per share.
Mumbai: 02nd May,2015: Maharashtra Day and World Labour Day is celebrated in Rashtriya Chemicals and Fertilizers Ltd., (RCF) with great enthusiasm. Shri R. G. Rajan, Chairman & Managing Director, RCF garlanded the statue of Chatrapati Shivaji Maharaj and paid floral tribute to 106 martyrs who put their life for the formation of Maharashtra State in presence of Shri. C. M. T. Britto, Director (Technical), Shri. A. B. Ghasghase, Director (Mktg.), Shri Suresh Warior, Director (Fin.), Executive Directors and senior officials, representatives of various organizations and employees.
Mumbai: 25/04/2015: Shri Suresh Warier, Director, Finance receiving “Golden Peacock National Training Award” for the year 2015 at the hands of His Highness Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Culture, Youth and Community Development, Govt. of UAE in presence of Justice (Dr.) Arijit Pasayat, Co-Chairman, Institute of Directors & former Judge, Supreme Court of InLt. Gen. J. S. Ahluwalia, PVSM (Retd), President, Institute of Directors, India in the function organised by IOD India's annual ‘25th World Congress on Leadership for Business Excellence & Innovation’ and the Golden Peacock Awards Presentation Ceremony in Dubai on 20th April, 2015 at The Meydan Hotel, in Dubai (UAE).
RCF Celebrates Bharatratna Dr. Babasaheb Ambedkar’s 124th Birth Anniversary
Shri. R.G. Rajan, Chairman & Managing Director, Rashtriya Chemicals and Fertilizers Ltd, (RCF), garlanded the life size statue of Bharatratna Dr. Babasaheb Ambedkar on the occasion of his 124th Birth Anniversary on 14th April, 2015 at RCF Priyadarshini building in presence of Shri. C. M. T. Britto, Director (Technical), Shri. A. B. Ghasghase, Director (Mktg.), Shri Suresh Warior, Director (Fin.), Executive Directors, other senior officials representative of various organizations and employees.