Rashtriya Chemicals and Fertilizers Limited
I
take this opportunity to extend warm welcome and greetings to you all from
Media and Press on behalf of Rashtriya Chemicals and Fertilizers Ltd.
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
A. Financial Performance:
(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
- Prestigious “31st
CFBP- Jamanalal Bajaj Uchit Vyavahar Puraskar for Fair Business Practices”
for the year 2018 in the category of Manufacturing Enterprises –Large.
- “Governance Now 6th
PSU Award” in CSR category.
- “Certificate of Merit” for conservation
of energy in Chemical Sector from Maharashtra Energy Development Agency
(MEDA) for the year 2017-18
- 2nd Rank
for Excellence in Suggestion Scheme Contest 2018 organized by INSSAN in
the Fertilizer Industries Group.
- “Bombay Chamber of
Commerce and Industry CIVIC AWARDS: Sustainable Environmental
Initiatives”- 2017-18
- “ICC Award for
Excellence in Environment Management 2017.
- Authorized Economic
Operator-T1 certificate from Central Board of Indirect Taxes and Customs.
- Heavy Water Plant
received National Safety Council, (Maharashtra Chapter) “Certificate of
Merit” for Meritorious Performance in Industrial Safety for the year 2017
- FAI award for
Excellence in Safety for the year 2017- 18.
- First prize in 12th
State Level Award for “State level Excellence in Energy Conservation &
Management” for the year 2017-18 from Maharashtra Energy Development
Agency (MEDA), Govt. of Maharashtra.
- “Maharashtra Safety
Award-2017” for achieving Lowest Accident Frequency Rate and Longest
Accident Free Period in Chemicals & Fertilizers Industrial Group
Highest Accident Free Days and “Zero Accident Frequency Rate” for the year
2017 from National Safety Council’s.
- Five (5) Star Green
rating for air quality for the year 2018-19 by Maharashtra Pollution
Control Board for the third consecutive year.
B. CSR Initiatives:
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:
i)
Scholarship to meritorious students of SC / ST/ OBC communities.
ii)
Providing drinking water since last 23 years to seven
villages around Thal unit through pipelines laid down from the water reservoir
in the unit which benefited more than 15,700 residents of the villages.
iii)
Supporting Community Medical Facility by running two Mobile
Medical Vans in collaboration with Wockhardt Foundation, at Thal, Alibag. Each
medical van attends approximately 25,000 patients per annum.
iv)
Supplied sports material and organised district level Adivasi
Kabbadi Tournament wherein more than 1000 Tribals participated.
v)
Paddy, fruit saplings and free fertilizers are supplied to
needy villagers near Thal.
vi)
Government of India issued Guidelines to utilize CSR funds in
a focussed manner towards national priorities. Company has selected “Osmanabad”
as Aspirational district for utilizing CSR fund for this year’s theme of
“School Education and Health Care”. Under this, RCF has set “Mini Science
Centres” in 40 Zilha Parishad Schools and medical Equipment are supplied to
Civil Hospital of Osmanabad.
C. Projects:
The company is poised for
growth through implementation of major projects.
1.
Talcher
Fertilizers Limited:
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.
2.
Sewage Treatment Plant (STP) at Trombay:
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 :
1. Namrup – IV Project at
Brahmaputra Valley Fertilizer Corporation Limited (BVFCL):
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%).
2. JV Project in Gabon:
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.
3. JV Project in Syria and
Jordan:
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:
Ø GT-HRSG project has been
successfully commissioned at RCF Thal, in the year 2018-19. Energy saving of
about 0.30 Gcal/MT of Urea has been achieved in the year 2018-19 and additional
0.05 Gcal/MT will be achieved by Dec-2019 after installation of new motor
driven ARC-IV compressor. The project cost is about Rs.363.80 Crore.
Ø Other energy schemes completed
in Thal unit include installation of Vortex Mixer and Conversion Booster in the
Urea Reactors, installation of Vapour Absorption Machine (VAM) for Process Air
Compressor in Ammonia Plant, Installation of VAM for CO2 compressor
suction cooling, Revamp of CO2 compressor is completed in the year
2018-19. Energy saving of 0.116 Gcal/MT of Urea is achieved with implementation
of these schemes.
Energy saving schemes under
implementation:
1. Installation of Gas
Turbine Generator (GTG) and Heat Recovery Steam Generator (HRSG) at Trombay
Unit:
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.
2. Energy Conservation
Projects
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.
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