Company Research Report: Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC)
Company Overview
Name of the Company
- Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC)
Mission of the Company
- Be the leading provider of chemicals and agricultural inputs through adoption of state-of-the-art technologies and business processes; commit to quality, environment, health, and safety; enrich human resources and promote teamwork, innovation, and integrity; achieve sustainable economic growth driven by corporate excellence, ethical business practices, professionalism, and social responsibility.
Founded
- Founded in 1976.
Founders
- Promoted by the Government of Gujarat and Gujarat State Fertilizers & Chemicals Ltd. (GSFC).
Key People
- Shri Raj Kumar, IAS: Chairman
- Shri Pankaj Joshi, IAS: Managing Director
- Shri Kamal Dayani, IAS: Director
- Shri S. J. Haider, IAS: Director
- Dr. T. Natarajan, IAS: Director
- Smt. Gauri Kumar, IAS (Retd.): Independent Director
- Prof. Ranjan Kumar Ghosh: Independent Director
- Shri Bhadresh Mehta: Independent Director
- Dr. N. Ravichandran: Independent Director
- Prof. Piyushkumar Sinha: Independent Director
- Shri D V Parikh: Chief Financial Officer
- Ms. Chetna Dharajiya: Company Secretary & Chief Manager (Legal)
Headquarters
- Bharuch, Gujarat, India.
Number of Employees
- No information is available.
Revenue
- No information is available.
What is the Company Known For?
- Known for its large-scale production of fertilizers and involvement in chemicals, petrochemicals, energy sector, electronics/telecommunications, and information technology.
Products
Fertilizers
- Urea: GNFC produces one of the world's largest single-stream urea fertilizer complexes.
- Nitrophosphate
- Neem De-oiled Cake: Known for its effectiveness as an organic fertilizer and pesticide.
- Narmada Neem Pesticides
- Di-ammonium Phosphate (DAP)
- Muriate of Potash (MOP)
- Single Super Phosphate (SSP)
- City Compost
Chemicals
- Methanol: Used widely in chemical industries, such as resins production.
- Acetic Acid (Glacial)
- Toluene Di-isocyanate
- Aniline
- Concentrated and Weak Nitric Acid
- Formic Acid: Utilized in rubber, textiles, tanneries, and pharmaceuticals.
- Ammonium Nitrate
- Ethyl Acetate
- Methyl Formate
- Calcium Carbonate
- Nitrobenzene
- Catsol
- Technical Grade Urea
IT Services
- (n)Code Solutions: Provides digital certificates for secure email, workflows, and VPNs.
Recent Developments
New Products and Features
- Launched NEEM-based consumer products.
- Introduced the Neem Project in Uttar Pradesh, which includes Neem soaps and face wash units incorporating Neem oil.
Events and Celebrations
- Celebrated 75th Independence Day and the 72nd Republic Day at their premises.
- Participated in the 10th Edition of India Chem 2018 event.
Awards and Recognitions
- GNFC won the Golden Peacock Award for Innovation of Cashless Township.
- Porter Prize for innovative role in promoting less cash movement.
- Recognized in BusinessToday's list of Most Valuable Companies.
Partnerships
- In collaboration with Khadi and Village Industries Commission (KVIC) for the Neem Project.
Financial and Corporate Developments
- Highlighted as part of India's Most Profitable PSUs according to Fortune India.
- Transitioned into a debt-free entity as per recent announcements.
Social Commitments
- Participates in enhancing education, healthcare, rural infrastructure, sanitation, and vocational skills development.
- Engages with farmers for promoting scientific farming and providing agricultural inputs through Narmada Khedut Sahay Kendra across Gujarat.
Note: No additional commentary is provided beyond this report.