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The National Fertilizers Limited presented a dividend cheque for Rs.24.91 crores to Minister for Chemicals, Fertilizers and Steel, Shri Ram Vilas Paswan, here today. The cheque was presented to the Minister by Shri P.S.Grewal, Chairman and Managing Director of the Company. Appreciating the achievements of National Fertilizers Limited, the Minister said that the Government accords top priority to the fertilizer sector.
The National Fertilizers Limited is a mini Ratna category-1 company and has consistently been making profits since inception and it has paid a cumulative dividend of Rs.669.47 crores to the Government till date against paid up equity of Rs. 490.58 crores. During the year 2003-04, the Company achieved a sales turn over of Rs. 3387.62 crores with a net profit(before tax) of Rs.121.96 crores.
During the first six months of the current fiscal , the overall capacity utilization for urea production of NFL is 107 per cent. The Company has a total installed capacity of 32.31 lakh MT of urea.
Shri S.N.P.N.Sinha, Secretary(Fertilizers), top officials of the Ministry and National Fertilizers Limited were present on the occasion.
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