CMD RCF, Shri. R. G. Rajan, released the Company’s maiden “Corporate Sustainability Report 2012-13” in presence of senior officials of RCF on 26th April 2014. The Report highlights the company’s performance for the year 2012-13 reflecting emphasis on social responsibility and respect for the environment along with strong economic performance. The report meets application level ‘B+’ of GRI G3.1 guidelines on Sustainability Reporting and is assured by certified third party assurance agency.
Mumbai- 14.05.2014:Rashtriya Chemicals and Fertilizers Ltd. a Mini Ratna PSU under the Ministry of Chemicals & Fertilizers, Department of Fertilizers, operating in the business of fertilizers and chemicals has registered a turnover of `1950.68 crore during the quarter ended March 2014 as against `2147.83 crore for the same period last year. The Annual Turnover for the financial year 2013-14 stands at `6703.05 crore (previous year `6899.13 crore). Lower trading activity contributed to fall in turnover.
Company registered a Profit after Tax of `152.47 crore during the quarter ended March 2014 as compared to `117.52 crore for the same period last year.
Despite issues affecting fertilizer industry like shortfall in availability of Domestic gas, delay in receipt of subsidies, volatility in prices of raw materials in the international market and foreign exchange fluctuations etc., Company registered a Profit after tax of `249.89 crore for the financial year 2013-14 as compared `280.90 crore achieved during the previous year. The profit level could be maintained mainly due to higher production of urea consequent to revamp, energy saving initiatives undertaken and better realizations in industrial chemicals.
The Board of Directors have recommended a dividend of `1.50 per share.