The Ministry of Chemicals and Fertilizers announced that Union Minister D.V.Sadananda Gowda has received highest ever dividend of 28.4% for the FY 2019-20 amounting to Rs117.51cr from Rashtriya Chemicals & Fertilizers Limited (RCF). Additionally, RCF has also handed over an interim dividend of Rs49.65cr for FY 2020-21.
Gowda said that the performance of RCF has been remarkable during current fiscal considering the disruptions caused by corona pandemic. It is worth appreciating that despite all odds, the company has been able to register an increase of 235.65% in net profit to Rs221.09cr in the current FY (up to December 2020) as compared to Rs65.87cr achieved during the corresponding period of the previous year.
RCF is a leading fertilizers and chemicals manufacturing and trading company with about 75% of its equity held by the Government of India.
Performance highlights of the FY 2019-20 have been as under:
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Highest ever annual revenue of Rs9697.95cr.
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RCF declared highest ever dividend of 28.4% of equity share for the FY 2019-20 amounting to Rs156.68cr (Government share @75% Rs117.51cr)
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Highest ever Annual sale of RCF’s premium NPK fertilizer Suphala.
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RCF launched two new products during the FY: Organic Growth Stimulant &Water-Soluble Silicon Fertilizers.
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RCF commissioned 15 million litres per day capacity Sewage Treatment Plant during FY 2019-20.
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RCF got recognized as a ‘State Trading Enterprise’ for import of urea on Government account.
On Sensex, RCF was trading at Rs54.15 per piece up 1.79% at around 12.34 pm.
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