FERTILIZER INDUTRY IN INDIA

Fertilizer Industry in our country has expanded significantly to fulfill

Nations hopes and aspirations for self-sufficiency in food grains by
trotting path of planned industrialization. Govt. of India has directed
conscious efforts since the early 50s to the present level that today
Indian Fertilizers Industry meets countrys major requirements of
plant nutrients and contributes remarkably in increasing agriculture
yields manifold.
The industry had a very humble beginning in 1906, when
the first manufacturing unit of Single Super Phosphate (SSP) was set
up in Ranipet near Chennai with an annual capacity of 6000 MT. The
Fertilizer & Chemicals Travancore of India Ltd. (FACT) at Cochin in
Kerala and the Fertilizers Corporation of India (FCI) in Sindri in
Bihar were the first large sized -fertilizer plants set up in the forties
and fifties with a view to establish an industrial base to achieve selfsufficiency in food grains. Subsequently, green revolution in the late
sixties gave an impetus to the growth of fertilizer industry in India.
The seventies and eighties then witnessed a significant addition to
the fertilizer production capacity.

NATIONAL FERTILIZERS LIMITED

NFL, a profitable public sector undertaking operates under the

administrative control of Department of Fertilizers in the Ministry of
Chemicals & Fertilizers. NFL was incorporated on 23rd August 1974
with two manufacturing Units at Bathinda and Panipat. The company is
the prime producer of Nitrogenous Fertilizers in the country today with
an installed capacity of about 3.23 million tons material per year
consisting of Urea and Calcium Ammonium Nitrate(CAN). At present
NFL is operating at:

Three of the Units are strategically located in the high consumption

areas of Punjab and Haryana. The Company expanded its installed
capacity in 1984 by installing and commissioning of its Vijaipur gas
based Plant in Madhya Pradesh.

National Fertilizers Ltd, Vijaipur

National Fertilizers Ltd, Vijaipur unit is one of the four units of M/S
National Fertilizers Limited, a Government of India undertaking with its
corporate Office at New Delhi, The other units are located at Nangal
and Bhatinda in Punjab and at Panipat in Haryana

With the

commencement of commercial production of the Expansion project the

gas based unit at Vijaipur now comprises of two 1520 ton per day (tpd)
Ammonia streams and four 1310 tpd Urea streams and related of f-sites
facilities. The gas is being received from the HBJ gas pipe line being
operated by M/S Gas Authority of India Ltd (GAIL) another
government of India undertaking. The Ammonia stream completed
under the Expansion Project can also be operated with 50 % feed of
Naphtha in case of shortage of the gas supply. The line one plants (one
stream of Ammonia and two streams of Urea ) were built with a total
cost of Rs. 533 Crores and the cost of the Expansion Unit (one stream
of Ammonia and two streams of Urea) is estimated at Rs 1067 Crores.
For both streams of Ammonia plants the consultant have been M/S
Haldor Topsoe of Den-Mark and M/S Projects Development India Ltd.
(PDIL), and for all the four streams of Urea consultant have been M/S
PDIL and M/S Snam Progetti of Italy.

The line one Plants had gone in Commercial Production w.e.f July 1988
and the Expansion Unit has started the Commercial Production w-e-f
31st March'1997.

The fine one plants have been consistently operating at above 115 % of
the rated capacity. The Expansion units are also expected to perform
similarly Vijaipur unit has won several prestigious awards like Best
Implemented

Project award

given

by

Ministry of Programme

Implementation GOI, National Safety awards given by National Safety

Council GOI and by National Safety Council (MP). Pollution control
and Energy conservation by International Greenland Society and by
Ministry of Power GOI. NFL Vijaipur Unit produces Urea in
conformance with the standards as set in Fertilizer Control Order (FCO)
issued by Govt. of India. Vijaipur Unit Urea product is marketed by
NFL's marketing division through its network spread over a large part
of the country - Marketing division sells and distributes Urea to
Institutional buyers and private dealers, NFL Vijaipur has manpower of
850.

==== NFLs Mission ====

To be a market leader in fertilizer and a significant player in all its other

business; reputed for customer delight, optimum rewards to share holders,
ethics, professionalism and concern.
OBJECTIVE
The company is guided by the following objectives as stated in its
Memorandum of association:1. NFL is an instrument society. It has to service the needs of the people
within the scope of its basic objectives. To achieve this NFL must
Select capable employees & improve their knowledge & skill on an
organized

basis.

Motivate & enthuse employees to achieve higher productivity with team

spirit.
Lay-down integrated objectives, define individuals goals & maintain an
atmosphere conducive to achievement of these goals.
Basic corporate objectives:- In terms of memorandum of association, NFL
has been setup to manufacture and market chemical fertilizer, heavy water,
other chemicals and by-products as well as to provide the allied
services
In order to achieve and maintain a leading position in the production and
marketing of fertilizers, the following micro objectives have been identified:
1. Productivity
2. Research and development
3. Profitability
4. Market & consumer services
5. Organization
6. Growth
7. Obligations to society

ORGANISATION STRUCTURE

CHAIRMAN & MANAGING DIRECTOR

DIRECTORS
ED / CGM / GM
DEPUTY GENERAL MANAGER
CHIEF MANAGER
SENIOR MANAGER
DEPUTY MANAGER
ASSISTANT MANAGER
ENGINEER & OFFICER
MANAGEMENT TRAINEE
WORKERS

THEORY OF F&A
WHAT IS FINANCE?
Finance is defined as the provision of money at that time when it
is required. Every enterprise, whether big, medium or small needs
finance to carry on its operation and to achieve its targets. In fact,
finance is so indispensable today that is lightly said to be life
blood of enterprise without adequate finance, no enterprise can
possibly accomplish its objectives.
The subject of finance has been classified as below
FINANCE

Public Finance

Private Finance

Accounts
Accounts are the books which are prepared by every business
organization, in which we record daily transaction, having Debit &
Credit balance, according to their nature.

Functions of finance department

Effective management of financial resources of the

company.

Establish and maintain system of financial control, internal

check and render advice on financial and accounting matters

including examination of feasibility reports and detailed project.

Establish and maintain proper system of budgetary control,

cost control and management report.

Maintain financial account and compile annual / periodical

account in accordance with the companies Act.1956, ensuring

the audit of accounts as per law / government declaration.

Timely payment of all taxes, levies and duties under the law,

maintenance of record and filing return / statement connected

with the appropriate authorities as per law.

DIFFERENT SECTIONS OF F&A DEPARTMENT