58.81 0.57(0.98%)
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Madras Fertilizers Limited (MFL) was incorporated in December 1966 as Public Sector Undertaking (PSU), promoted by Govt. of India (GOI) and AMOCO India Inc. (Amoco - a Wholly owned subsidiary of Standard Oil Company of USA) holding 51% & 49% of shares respectively. MFL commenced commercial production in November 1971. In 1972 National Iranian Oil Company (NIOC) was inducted as shareholder acquiring 50% of AMOCO shareholding in MFL. In 1985 AMOCO has disinvested their MFL shares to GOI, NIOC & Public. Now GOI has holding 59.50%, NIOC has holding 25.77% & and Public has holding 14.73%.MFL is engaged in the manufacture of Ammonia, Urea and Complex Fertilizers at Manali, Chennai. It is also engaged in manufacturing Bio-fertilizers and trading eco-friendly Agro Chemicals, Organic Manure and City Compost under the brand name Vijay'. MFL is having enhanced installed capacity to produce 346500 MT of Ammonia, 486750 MT of Urea, 280,000 of NPK and 400 MT of Bio Fertilizers. The production of Ammonia is 252,140 MT and Neam-Urea is 432,500 MT as on March 31, 2024.MFL consists of production plants, Ammonia, Urea in single streams and NPK in three streams, viz. NPK A Train, B Train and C Train. Utilities Plant is the service plant supplying treated water, cooling water, off-site steam...