ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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EPW Research Foundation GSFC Rise in Sales GUJARAT STATE FERTILISER COMPANY, promoted by the government of Gujarat in 1962. is engaged in the manufacture of urea, diammonium phosphate (DAP), ammonium sulphate, caprolactum. nylon filament yarn (NFY), melaminc, nylon 6 and different types of polymers. It was the first company in India to set up a caprolactum plant in 1974. The company closed the financial year ended March 1995 with a sates turnover of Rs 1,482 crore, up by 38 per cent from Rs 1,076 achieved in the previous year. Total income stood at Rs 1,611 crore against Rs 1,156 crore in the previous year and would have been higher but for other income which decreased by 13 per cent. Interest costs moved up by 3 per cent. Provision for depreciation rose by 9 per cent and was more than offset by a 50 per cent decline in the provision for taxation. The company ended up with a net profit of Rs 114 crore, up by 187 per cent from Rs 40 crore recorded in the previous year For the year under review the company increased its capacity utilisation in both the caprolactum plant and the fertiliser units at Sikka and Vadodara, while its acrylic pellets and nylon plant managed to record new highs in production. A record production of 13.97 lakh tonnes against 12.86 lakh tonnes was achieved by the company's fertiliser plants. A major contribution came from the DAP plant at Sikka which achieved a production of 5.30 lakh tonnes against 4.19 lakh tonnes in the preceding year. The caprolactum plant produced 38,230 tonnes, achieving a 76 per cent capacity utilisation against 60 per cent in the previous year. Production of acrylic pellets stood at 1,478 tonnes. The production capacity has been further enhanced to 1,800 tonnes from 1,500 tonnes. Production of normal butyl-metha-acrylate (n-BMA) was 56 tonnes against the installed capacity of 50 tonnes. With the market showing signs of improvement, production is to be raised to 75 tonnes. The fibre unit achieved a production of 5,201 tonnes during the year under review.

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