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National Fertilizers Ltd share price today (on 16 April 2024).

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BSE: 523630 | NSE: NFL | ISIN: INE870D01012 Market Cap: [Rs.Cr.] 4,023 | Face Value: [Rs.] 10 Industry: Fertilizers

National Fertilizers Ltd(NFL) was promoted by the Government of India in 1974 to set up fuel oil-based urea plants at Panipat(Haryana) and Bhatinda(Punjab). Later, NFL took over Fertilizer Corporation of India's plant at Nangal(Punjab) and set up a natural gas-based urea plant at Vijaipur. After disinvestment,the government's stake has come down to 97.65%. NFL has the country's second largest capacity for urea(after the co-operative IFFCO). All the urea capacities located in the high-demand areas of Punjab, Haryana and Madhya Pradesh are with NFL. In 2000-2001 the company went into expansion programme by constructing, testing and commissioning of the prilling tower. The plant has gone into commercial production on 1st February 2001. With this expansion the total urea plant's installed capacity was increased 450 MTPD. The total completion cost was Rs.135.13 crores. NFL is considering setting up a naptha/LNG based ammonia-urea complex(2200 tpd urea) at Panipat,pending approval from the government. A new project on integrated Plant Nutrient Supply system has been undertaken in Malwa region during 2001-02. The project envisages use of all available resources of nutrient supply for crop production and reducing the burden of chemicals on soil to retain and sustain its productivity.
NFL has its units in Nangal which produces Calcium Ammonium Nitrate (CAN), Urea and Methanol; Panipat unit, Bathinda unit and Vijaipur Unit I & II produces Urea. Neem coated urea is being produced at all the units. CAN plant at Nangal has been stopped with effect from 1st April 2005. The company also produces industrial products like Sulphur, Methanol, Nitric acid etc., Further the company has a 100 tonnes per annum bio-fertilizers plant at Indore, where they produce three strains of bio-fertilizers namely PSB, Rhizobium and Azotobacter.

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