The Asia Pacific Predator League 2020 Tournament with a USD 400,000 Total Prize Pool Kicks Off
Published on September 25, 2019
by Sachin Murdeshwar
Mumbai : Rashtriya Chemicals and Fertilizers Ltd. (RCF) is a leading Public Sector Undertaking in India, engaged in the production and marketing of fertilizers and industrial chemicals. Manufacturing facilities of RCF are located at Chembur in Mumbai and Thal in Raigad district. RCF is one of the major producers of fertilizers and caters to about 8% of Country’s demand of Urea and also supplies around 6 lakh tonne (Production + trading) of NPK fertilizers. Thus RCF is playing a vital role in enhancing the agricultural productivity and food security for our country and sharing social responsibilities throughout the cross sections of the country.
Both units are certified under Integrated Management System (IMS) for ISO 9001 (Quality Management System Certification), ISO14001 (Environmental Management System), OHSAS-18001(Occupational Safety and Health Management System), ISO 50001: 2011(Energy Management System Certification) and ISO 27001- for Information Security Management
(In Rs. Crore)
Particulars | 2018-19 | 2017-18 |
Total Revenue | 8965.14 | 7343.20 |
Total Operating Costs | 8441.79 | 7015.23 |
Operational Profit | 523.35 | 327.97 |
Depreciation/Impairment | 155.69 | 137.04 |
Finance Cost | 155.85 | 62.59 |
Profit/ (Loss) before Exceptional Items | 211.81 | 128.34 |
Exceptional Items | (23.44) | 0.12 |
Profit/ (Loss) before tax | 235.25 | 128.22 |
Net Profit / (loss) | 139.17 | 78.80 |
Awards Won by the Company :
RCF has won many awards during the year 2018-19, few of them are as under:
Trombay Unit
Thal Unit
As part of its initiatives under “Corporate Social Responsibility”, the Company has undertaken several projects in the areas of rural development, promoting health care and education aimed for the benefit of needy and for general good of the society. During the year, Company has spent Rs 3.88 Crore on CSR activities. Few major CSR initiatives are as follows:
The company is poised for growth through implementation of major projects.
RCF along with Coal India Limited (CIL), GAIL (India) Limited and Fertilizer Corporation of India Limited (FCIL), is setting up a fertilizer complex, comprising of 2200 MTPD Ammonia plant and 3850 MTPD Urea plant, at FCIL, Talcher, Odisha based on Coal Gasification Technology.
The project is of strategic importance for the country as it aims to make breakthrough for an alternative source of feedstock in the form of abundantly available coal from domestic sources in place of natural gas. Success of this project will be a game changer and shall pave a way forward to the production of chemicals and fertilizers from abundantly available coal resulting in less dependency on RLNG imports. It will also help in meeting much needed Urea production capacity for the eastern part of the Country.
Contracts for Coal Gasification and Ammonia-Urea awarded to M/s Wuhuan on 11th September and 19th September 2019 respectively. Project is scheduled for commissioning by September-2023.
The estimated Project Capital cost is Rs.13,277 Crore. RCF’s share of equity is Rs.1,184 Crore (31.85%) in the said venture.
Water supply situation in Mumbai is getting more and more difficult day by day. Ensuring water availability has become critical for the smooth functioning of the Trombay unit given the competing demand for water in the city. Recognizing this, Company is has set-up one more new Sewage Treatment Plant (STP) adjacent to the existing STP with a capacity to treat 22.75 Million Litres per Day (MLD) of Municipal Sewage to produce about 15 MLD of treated water. A portion of the treated water will be supplied to M/s Bharat Petroleum Corporation Ltd. (BPCL), on mutually agreed terms. This plant will reduce fresh water intake of RCF and BPCL by 15-MLD making it available to the residents of Mumbai. Estimated project capital cost is about Rs.209 Crore.
The plant is successfully commissioned on 10th Sept 2019.
RCF is also exploring following Joint Venture Projects :
DoF has nominated RCF and NFL along with Oil India Ltd., Govt. of Assam and BVFCL in joint venture for setting up a Urea plant with an annual capacity of 1.27 Million MT at BVFCL, Namrup, Assam. The feasibility study for the project is carried out by PDIL. The estimated Project Cost is about Rs.7,600 Crore. The equity share of RCF is estimated to be Rs.388 Crore (17%).
Republic of Gabon plans to set up green-field Ammonia Urea fertilizer complex at Mandji Island near port – Gentil of West coast of Gabon. The Urea plant capacity is envisaged to be 1.27 Million MT. Invitation to participate in Gabon Fertilizer Project comprising Ammonia-Urea fertilizer complex was received from DoF. Due diligence study is completed. There is likelihood of induction of another Indian JV Partner. The estimated Project Capital Cost is USD 1469.43 Million i.e. about Rs.10,286 Crore.
In Syria and Jordon, investment opportunities for development of rock phosphate mines and production of phosphoric acid are being explored.
Company has also undertaken major projects in the direction of improving energy efficiency:
The Projects completed in the year 2018-19 are:
Energy saving schemes under implementation:
New energy norms for Trombay Urea are scheduled to be effective from 01.04.2020. As a part of energy reduction projects, RCF is installing Gas Turbines Generator (GTG) of 2 x 25 MW along with Heat Recovery Steam Generator (HRSG) of 2 x 65 MTPH capacity with an aim to reduce the specific energy consumption in Ammonia and Urea Plants at Trombay.
Work has been awarded to M/s Thermax on 18.04.2018 for implementing the project on LSTK basis. Estimated project capital cost is about Rs.427 Crore.
Excepted Energy Saving is 0.30 Gcal/MT of Urea. The project is expected to be completed by April 2020.
At Trombay unit with installation of Gas Turbine, Urea Casale revamp and KBR Schemes in Ammonia V, reduction in energy consumption by around 0.64 GCal/MT of Urea will be achieved by March 2021 (Investment Rs. 635.03 Crore).
RCF believes that sound corporate governance is fundamental to the enhancement of the value of the Company and its long term growth. Based on the core principles of fairness, transparency and accountability, RCF strives to maintain a high standard of governance through comprehensive and efficient frame work of policies, procedures and systems and promote responsible corporate culture.