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FACT is back with a flourish

KOCHI: Fertilisers and Chemicals Travancore (FACT) is back on the saddle thanks to brisk fertilizer sales, high productivity and the falling price of key inputs like sulphur, rock phosphate and naphtha.

According to a spokesperson for FACT, total fertilizer sales in November hovered around a lakh tonnes including Factamfos, the sales driver for FACT. Factamfos production stood 71,892 tonnes in November. Ammonium sulphate production too has moved in tandem with 15,796 tonnes. Factamfos sales have also not lagged with a total volume of 71,502 tonnes for November.

The FACT spokesman also said that capacity utilisation for Factamfos production had touched 120 per cent during the month of November.

This is one of the best performances in a month for the public sector fertilizer company.

A break-up of Factamfos sales during the month shows that the FACT’s supply areas in South India have accounted for the major share. Kerala sales came to 13,373 tonnes and in Tamil Nadu it was 14,273 tonnes. In Karnataka, the figure was 17,433 tonnes and in Andhra Pradesh, 26,427 tonnes.

The FACT spokesman said that gypsum sales too had improved. FACT sold nearly 35,000 tonnes of gypsum in November.

Most of the buyers were South India-based cement companies. Besides these bulk sales, around 1,000 tonnes of bagged gypsum is sold per month for agricultural purposes, the company spokesman added.

The FACT management expects this year to end on a high with a profit of around Rs.60 crore.

Profit during the first half of the current financial year stands at nearly Rs.20 crore. The prospects were further boosted by moves by the Andhra Pradesh and Karnataka governments to source fertilizers from FACT with advance payments. Karnataka is learnt to have reached an agreement with the company for buying 16,000 tonnes of fertilizers every month.

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