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Fertilisers and Chemicals Travancore
BSE: 590024|NSE: FACT|ISIN: INE188A01015|SECTOR: Fertilisers
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Company History - Fertilisers and Chemicals Travancore
1943
 
 - The company was incorporated at Travancore.  The company is a
 public
 sector undertaking by the Govt. of India.
 
 - The main objects of the company is to manufacture fertilisers &
 chemicals.  The products manufactured are ammonium sulphate,
 ammonium
 phosphate, super phosphate, ultrafos, NPX mixtures and anhydrouse
 ammonia, sulphuric acid, ammonium chloride, and sulphurdioxide. 
 1963
 
 - The company started its R&D centre to take imported activities. 
 The
 Govt. approved the setting up of a new fertiliser factory at Cochin
 with capacity of 200,000 tonnes of ammonia.
 
 1982
 
 - The company entered into an agreement with power gas corporation
 Ltd.
 U.K. for the exchange of technical knowhow developed by the company
 for
 the manufacture of ammonium sulphate from by-product gypsum obtained
 from the phosphoric acid plant.
 
 1993
 
 - FACT (Cochin Division) won the FAI award for best environment
 protection of an operating complex fertiliser plant.
 
 1994
 
 - FACT (Cochin Division) also won the Jawaharlal Nehru Memorial
 Award
 for Excellence in Indian Industries.
 
 - The Petrochemical Division was awarded the Certificate of
 Appreciation by the Kerala State Pollution Control Board.
 
 1995
 
 - The Consultancy Division of the Company has received international
 accreditation ISO 9001.
 
 1996
 
 - A 900 TPD Sulphuric Acid Plant is proposed to be set up at
 Ambalamedu
 to utilise the under-utilised capacity of the Phosphoric Acid Plant
 
 - The Company won the Ever Rolling Trophy of the Cochin Town
 Official
 Language Implementation Committee for the 6th year in succession.
 
 - FACT was awarded the Indian Institution of Industrial Engineering
 award for performance excellence for the year.
 
 1997
 
 - The ammonia plant is set up with financial assistance from the
 Japanese Overseas Development Fund.
 
 - Cochin Division was also awarded the National Safety Council's
 Award
 for Industrial Safety for safe handling of Ammonia and other raw
 materials at Willingdon Island.
 
 - FACT proposal to set up two captive power plants has got a further
 boost with the Union government deciding to allow private sector to
 install power plant in the factory.
 
 1998
 
 - The Company has entered into an MoU with the Union Government on
 its
 performance targets.
 
 1999
 
 
 - The company had to set up a new ammonia plant following a High
 Court
 directive to decommission FACT's ammonia storage facility at
 Willingdon
 Island, Kochi.
 
 2000
 
 - The Company has signed a tripartite agreement with CDSL and Cameo
 Corporate Ser. Ltd.
 
 2001 
 
 - Kerala's crisis-stricken public sector giant, Fertilisers and
 Chemicals Travancore Ltd (FACT) will have a new helmsman from within
 the organisation, TT Thomas, who was director (marketing) has been
 appointed acting chairman & managing director of the multi-division
 company headquartered at Udyogamandal.
 
 2002
 
 -FACT has announced VRS for which 428 employees have opted for.
 
 -FACT has informed BSE that Government of India, Ministry of
 Disinvestment
 has constituted an inter Ministerial Group for the purpose of
 disinvestment
 of 51% of stake of FACT.
 
 -Shri.P.R Balasubramanian has assumed the charge for the post
 of Chairman and Managing Director of Fertilisers and Chemical 
 Travancore Ltd.
 
 -FACT Employees Association, affiliated to Bharatiya Kamghar Sena 
 said that the curruption by the management has resulted in 
 financial crisis of the FACT.
 
 -Government has invited Expression of Interest  for the disinvestment
 
 of Fertilizers and Chemicals Travancore Ltd.
 
 2003
 
 -Fertilisers and Chemicals Travancore Ltd.,  has closed down two
 of its plants at Cochin division due to fuel shortage. And has also
 issued orders to shut down its plants at Kochi and Udyagamandal
 division.
 
 -Kochi Save Fact  Action Committee has mooted a multi-stage
 co-operative society under MSCS Act 1984 to acquire Fertilisers
 and Chemicals Travancore Ltd.
 
 -The employees have initiated a snap strike as they were beaten up
 by the police and CISF.
 
 -IFFCO Managing Director, Mr Uday Shankar Awasthy visited FACT
 and has given positive response on the hopes of revival of the 
 company.
 
 2004
 
 -With the January 10 deadline approaching and response to the VRS
 offer very poor, the management of Fertilisers and Chemicals
 Travancore (FACT) is considering diluting the conditions and
 introducing leave encashment to attract more workers.
 
 - Shri S Balan, Chairman & Managing Director, Rashtriya Chemicals &
 Fertilisers Ltd has assumed additional charge of the post of Chairman
 and Managing Director of the company.
 
 -Fertilisers and Chemicals Travancore Ltd (FACT) at nearby
 Udyogamandal has set up a grievance cell with a view to provide more
 services to the farming community
 
 -Fertilisers and Chemicals Travancore Ltd (FACT) has signed a `heads
 of agreement' with Gail (India) Ltd for supply of LNG from the
 proposed terminal at Kochi for FACT's fertiliser and petrochemical
 units
 
 2006
 
 -FACT to join hands with Syrian firm.
 
 2008
 
 -FACT signs MoU to make gypsum-based building materials
 
 2009
 
 - Fertilizers & Chemicals Travancore Ltd has informed that  Shri A.
 Asokan, Director (Marketing) has taken over the additional charge of
 the post of Chairman and Managing Director (MD) of the Company with
 effect from December 01, 2009.
 
 2010
 
 -V.G. Sankaranarayanan has been appointed as a Chairman and Managing
 Director of the Company 
 
 2011
 
 -Sham Lal Goyal has been appointed as a Chairman and Managing
 Director of the Company 
 
 
Source : Dion Global Solutions Limited
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