GNFC has drawn on the worlds

leading technologies and systems

for its various production culmination
of enterprise and initiative,
resourcefulness and resolve,
technology atGNFC common vision
for continuous growth.
GNFC has always shown a dedication
to standards of production and
environment safeguards, qualified
research acumen, and 100%
capacit y utilisation for more than two
decades.

GNFC Plants Installed capacity and Technology Collaborations :

Installed
Capacity

Technical Collaborator

Ammonia

4,45,500 MTA

Air separation, Rectisol and Nitrogen wash

units as well as total engineering of the
integrated plant - Linde AG, Germany
- Fuel Oil Gasification - GE, USA
- CO Shift Conversion-BASF, Germany.
- Ammonia Synthesis - Haldor Topsoe,
Denmark.

Urea

6,36,900 MTA

Saipem, Italy

Ammonium
Nitrophosphate

1,42,500 MTA

BASF - Germany

Calcium-Ammonium
Nitrate

1,42,500 MTA

UHDE, Germany

Methanol-I

50,000 MTA

ICI, UK & Linde AG, Germany

Formic Acid

10,000 MTA

Kemira OY, Finland

Methanol-II

1,88,100 MTA

ICI, UK & Toyo Engg., Japan

30,600 MTA

In-House

Weak Nitric Acid (I &

II)

3,47,500 MTA

UHDE, Germany

Concentrated-Nitric
Acid (I & II & III)

1,16,000 MTA

Plinke, Germany

Plant

MSU

Acetic Acid

1,00,000 MTA

BP Chemicals, UK

201.960 Million
NM3 per annum

Jacob, UK and H & G

3,96,000 MWH
per annum

BHEL, India

Nitrobenzene (NB)

47250 MTPA

Chematur Engineering AB, Sweden

Aniline

35000 MTPA

Chematur Engineering AB, Sweden

Toluene Di-isocynate
(TDI)

14000 MTPA

Chematur Engineering AB, Sweden

Di Nitro Toluene
(DNT)

18356 MTPA

Chematur Engineering AB, Sweden

Meta Toluene Diamine (MTD)

11804 MTPA

Chematur Engineering AB, Sweden

2,84,515 MWH

BHEL, India

50,000 MTA

KBK, India

369,600 MTA Eq.

Ammonia

Haldor Topsoe, Denmark

50,000 MTA

Chematur Engineering AB, Sweden

Synthesis Gas
Generation Unit
Captive Power Plant I
& II

CPSU

Ethyl Acetate

ASGP

TDI-II Dahej Project

(A) PRODUCTION PERFORMANCE OF GNFC PLANTS FOR THE YEAR 2014-2015

PLANTS

ACTUAL (MT)

CAPACITY UTILIZATION
(%)

Ammonia

621,953

139.61

Urea

710,482

111.55

3743

7.49

Methanol-I

Methanol-II

100,970

53.68

0.00

Methyl Formate

27,225

119.41

Formic Acid

20,875

208.75

Acetic Acid

159,319

159.32

WNA-I

297,362

120.15

WNA-II

127,811

127.81

CNA-I

30,344

91.95

CNA-II

34,405

104.26

CNA-III

50,846

101.69

Ammonium Nitrophosphate
(ANP)

205,902

144.49

Calcium Ammonium Nitrate

(CAN)

0.00

Aniline

34,474

98.50

Toluene Di-isocynate (TDI)

17,421

124.44

Nitrobenzene (NB)

50,391

106.65

MTD-I, Bharuch

14,053

119.06

Ethyl Acetate

45,416

90.83

TDI-II, Dahej

6,316

12.63

MSU

(B) DESPATCH/SALE PERFORMANCE OF GNFC PLANTS FOR THE YEAR 20142015

DESPATCH / SALE

Urea
Methanol
Methyl Formate

ACTUAL MT

750,602
26,782
1,687

Formic Acid

20,573

Acetic Acid

127,905

WNA

96,977

CNA

61,131

ANP

206,756

CAN

AN Melt

168,433

Calcium Carbonate

114,978

Aniline

34,883

TDI-I, Bharuch
MTD-I, Bharuch

17,240
54

NB

4,280

HCl

46,195

Ethyl Acetate

45,951

TDI-II, Dahej

4,050

Board of Directors

Shri G. R.
Aloria

Chairman

IAS

Dr. J. N. Singh

IAS

Director

Smt. Mamta Verma

IAS

Director

Prof. Arvind Sahay

Director

Shri Chandrasekhar
Mani

Director

Shri Sunil Parekh

Director

Shri Piruz Khambatta

Director

Shri V. D. Nanavaty

Director

Dr. Rajiv Kumar

Gupta

IAS

Managing Director

Executive Directors
Shri R. T. Bhargava

Executive Director

Shri P. A. Mankad

Executive Director

Shri K. B. Garvalia

Executive Director

Shri Y. B. Gandhi

Executive Director

Shri R. B. Panchal

Company Secretary & Executive Director

Chief Financial Officer

Shri Vikram Mathur

General Manager & CFO

Gujarat Narmada Valley Fertilizers &

Chemicals Limited. (GNFC), is a joint sector
enterprise promoted by the Government of Gujarat
and the Gujarat State Fertilizers & Chemicals Ltd.
(GSFC). It was set up in Bharuch, Gujarat
in 1976. Located at Bharuch in an extremely
prosperous industrial belt, GNFC draws on the
resources of the natural wealth of the land as well as
the industrially rich reserves of the area.

GNFC started its manufacturing and marketing operations by setting up in

1982, one of the world's largest single-stream ammonia-urea
fertilizer complexes. Over the next few years, GNFC successfully
commissioned different projects - in fields as diverse as chemicals,
fertilizers and electronics.
Since inception, GNFC has worked towards an extensive growth as a
corporation. A growth which respects the environment and springs from the
progressive vision of GNFC.
GNFC today has extended its profile much beyond fertilizers through a
process of horizontal integration. Chemicals/Petrochemicals, Energy Sector,
Electronics/Telecommunications and Information Technology form
ambitious and challenging additions to its corporate portfolio. GNFC has an
enterprising, strategic view towards expansion and diversification.

Amidst sylvan surroundings and lush green landscapes, nestles

Narmadanagar, a peaceful abode for those who make GNFC what it is. A Club
House, Tennis Court, Swimming pool and an open air theater provide
recreations for GNFC personnel.
Narmadanagar also has a 32-bed hospital, with modern systems and
equipment, and a temple.
Narmadanagar is designed to serve the ideals of community living,
encourage fraternity among all GNFC members, and integrate the various
interests and inclinations of all the individuals.
GNFC is wedded to the prosperity of the farmers. It interacts with them on
selection of seeds, on correct application of fertilizers, on scientific farming
methods and on land and water management. A large soil testing laboratory
offering free service, mobile fertilizer sales units for remote areas, field
demonstrations, farmers camps and educational visits and the adoption of
districts and villages under an intensive fertilizer campaign -- all provide for
a direct linkage with the farmer. GNFC also reaches out to the farmers
through mass media communication and mobile audio visual units.

GNFC runs a school in the township of Narmadanagar, and has also

sponsored a College for Science, Technology and Commerce

Research and Development centre at GNFC was

formally set up in 1986. The R&D centre is
recognised by DSIR, Ministry of Science and
Technology, Government of India as an in house R&D
unit. The centre is manned by highly qualified team of
Chemical engineers and Scientists. The Spacious R&D
building is located in side Factory premises.
R&D Facilities

The R&D centre is equipped with world class sophisticated facilities and pilot plants.
Some of the facilities are:
Process Development Laboratories
Analytical Methods Development Laboratories
World Class Instrumentation Facilities
High Pressure Reactors
Pilot plant facilities
Research & Technical Library
Fertilizer Products

The following products have been developed in laboratory using the company's existing
products like urea and nitrophosphate fertilizers. The processes have been scaled up to
pilot plant scale. The improved efficacy of these products in storage and field application
have been demonstrated by field trials.
Gypsum Coated Urea - Process developed and patented by coating urea prills \
granules with byproduct gypsum from phosphoric acid manufacture.
Zincated Urea
Micronutrient Incorporated Urea
Neem coated urea
Anticaking agents for Urea

 Process Developments

Process for hydrolysis of Methyl formate to Formic acid using cation exchange resin
as catalyst
Process to manufacture Polyurethane Coatings and Adhesives
New green chemistry process to manufacture Ethyl Acetate
New Products Development

Polyurethane- TM and MT blends for applications in Automobiles

Polyurethane - Coating & Adhesives
100% Water Soluble Fertilizers N:P:K :: 19:19:19
Antihygroscopic Coating Agent for ANP and CAN Fertilizer granules
Purified Calcium Nitrate of Fine Chemical grade
Precipitated Calcium Carbonate, Activated Calcium Carbonate
Urea-Ammonium nitrate liquid fertilizer, Urea Nitric Phosphate
New fluorescent material for Cyclone Bag Testing
Effluent Treatment Schemes

Treatment of Discontinuous Effluent from Nitrophosphate Plant

Studies on biological denitrification process in collaboration with MS University,
Vadodara, India
Waste Recycling and Recovery of Products

R&D studies are conducted to improve on resource utilisation as well as reduce

pollution and generation of waste products.
Recovery of Rhodium Iodide
Separation of Soot from Soot Water
Recycling of nutrients of Discontinuous Effluent
Ammonia Recovery from plant condensate
Value Addition to by-product Calcium Carbonate
Purification of off gas stream of plant to be used as fuel

Investment Structure of Gujarat Narmada Valley Fertilizers & Chemicals

As On : M
NON-CURRENT INVESTMENTS
Type

Face Value

No of Shares

Total Invest

(Rs

Investment in : Company
Security Type : Equity Share
Unquoted
Bharuch Dahej Railway Co. Ltd.

10.00

13,530,000

Bharuch Enviro Infrastructure Ltd.

10.00

42,000

Bhavnagar Energy Co.Ltd.

10.00

49,260,000

GSPC Gas Company Ltd.

10.00

50,000

183,960,000

4,9

10.00

1,250,000

1.00

21,543,200

1,3

10.00

20,000

Gujarat Chemical Port Terminal Company Ltd.

Gujarat Green Revolution Co.Ltd.
Gujarat State Petroleum Corporation Ltd.
Gujarat Venture Finance Ltd.
Investments in Equity Share

1,3

4,9

12,7

Investments in Company

12,7

Quoted
Gujarat Alkalies & Chemicals Ltd.
Gujarat State Fertilizer & Chemicals Ltd.
Gujarat State Petronet Ltd.

10.00

1,759,996

2,4

2.00

7,500,000

1,5

10.00

8,000,000

1,0

Investments in Equity Share

4,9

Investments in Company

4,9

Investment in : Mutual Fund

Security Type : Mutual Fund Scheme
Quoted
UTI-Equity Fund

10.00

46,200

Investments in Mutual Fund Scheme

Investments in Mutual Fund
Total Investments

17,6

CURRENT INVESTMENTS
Type

Face Value

No of Shares

Total Invest

(Rs

Source : Dion Global Solutions Limited

Determining cash flow for inv

analysis
Cash Flow of Gujarat Narmada Valley
Fertilizers & Chemicals

------------------- in Rs. Cr. ------------------Mar 15

Mar 14

Mar 13

Mar 12

Mar 11

12 mths

12 mths

12 mths

12 mths

12 mths

Net Profit/Loss Before Extraordinary

Items And Tax
Net CashFlow From Operating Activities
Net Cash Used In Investing Activities
Net Cash Used From Financing Activities
Net Inc/Dec In Cash And Cash
Equivalents
Cash And Cash Equivalents Begin of Year
Cash And Cash Equivalents End Of Year

-452.07

423.83

422.40

417.40

381.24

565.08
-358.83
-362.56

11.09
-393.84
334.41

-160.03
-807.32
888.55

216.06
-698.65
638.74

79.07
-719.06
460.29

-156.30

-48.33

-78.81

156.15

-179.70

164.47
8.17

212.80
164.47

298.92
220.11

142.77
298.92

322.46
142.77

Competition
Name

Last Price

Market Cap.
(Rs. cr.)

Coromandel Int
GSFC
Chambal Fert
Rashtriya Chem
GNFC
Fert and Chem
NFL
Deepak Fert
Zuari Agro Chem
Oswal ChemandFe
Mangalore Chem
SPIC
Shree Pushkar
Zuari Global
Madras Fert
Agri-Tech

225.55
78.35
62.95
46.40
116.20
23.60
30.40
162.00
179.00
26.55
42.70
24.85
122.10
97.00
13.70
8.25

6,570.73
3,122.07
2,620.03
2,559.83
1,805.98
1,527.09
1,491.36
1,428.92
752.84
681.83
506.06
506.05
368.98
285.57
220.71
4.90

Sales
Turnover
11,500.17
5,324.57
8,882.14
7,713.45
4,548.30
1,991.33
8,524.91
3,711.77
5,524.64
58.75
3,000.32
2,094.16
266.52
43.06
1,701.87
0.08

Net Profit

Total Assets

361.39
400.51
236.78
322.05
226.36
-399.91
26.24
78.35
12.36
37.30
-240.12
17.59
18.65
26.78
-134.69
-0.38

4,264.74
5,166.87
5,976.51
4,595.38
6,780.58
96.40
11,641.18
2,648.51
3,185.37
2,125.49
1,713.75
341.76
723.63
213.37
19.67