FACT won SKOCH GOLD award for Corporate Excellence

Kochi: The Fertilisers and Chemicals Travancore Limited or FACT is a fertiliser and chemical manufacturing company headquartered in Kochi, FACT has won the "SKOCH GOLD Award for Corporate Excellence" on February 20, 2021. The award was received by CMD Shri Kishor Rungta, in a video conferencing. The company was selected on the basis of its outstanding performance in 2019-20.

FACT was incorporated in the year 1943 as the first large-scale fertilizer plant in India at Udyogamandal, Kochi, Kerala, and started production in 1947. FACT became a Public Sector company in 1960 and the Government of India became the major shareholder in 1962. It is under the administrative control of the Department of Fertilizers, Ministry of Chemicals & Fertilizers, Government of India.

From a modest beginning, FACT has expanded and diversified into a multi-divisional organisation with varied activities. The parent division at Udyogamandal underwent four stages of expansion until the year 1972, upgrading technology and increasing capacity. In the 1960s, recognising the need for developing indigenous capabilities for the design and construction of Chemical and Fertiliser Plants, FACT established an Engineering & Consultancy wing FEDO (FACT Engineering & Design Organisation).  A Fabrication Division FEW (FACT Engineering Works) was also established in 1966.