NFL achieves highest ever turnover of Rs. 15,857 Crore in 21-22

New Delhi: NFL has achieved the highest ever turnover of Rs. 15,857 Crore and in spite of stringent energy norms reported a profit after tax (PAT) of Rs 108 crore on a standalone basis during the financial year 2021-22.

The stellar performance of the Industrial Products manufacturing division and fertilizer trading arm of NFL have resulted in an increase in turnover of the company.

With operations at full capacity at NFL’s JV Ramagundam Fertilizers and Chemicals Limited (RFCL), NFL now commands the lead position in Urea and aspires to do an encore in other agri-inputs. The company has identified New Growth Opportunities to enlarge its basket of products.

To maintain growth momentum, NFL to further expand the capacity of agrochemicals manufacturing and also enter into the manufacturing of various Specialty Fertilizers. Manufacturing of Diesel Exhaust Fluid (DEF) is also under consideration. DEF is used in diesel vehicles to reduce harmful emissions of nitrogen oxides (NOx), in order to comply with more stringent emission standards. 
While the expansion of Nitric Acid capacity is about to be complete, the company is envisaging to further diversify in the manufacturing of industrial products.

Commenting on the future profitability and growth of the company, Shri Nirlep Singh Rai, C&MD said that with the recent commissioning of energy-saving schemes, all plants are operating within target energy norms. Hence, constraint of stringent energy norms is behind us with beginning of year 2022-23 and benefits of energy savings schemes & expansions shall be clearly visible from next quarterly results onwards. 'NFL is now future ready', he added.

Read Also : Government lays down annual grading of seams of mines