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.