1981 - The Company was incorporated on 17th December as a Pvt. Ltd.,
company and converted into a public limited company on 21st
1984. The company was jointly promoted by Andhra Pradesh
Government and the Indian Farmers Fertilisers Co-operatives
(IFFCO). The main objective of the company is to manufacture
fertilisers and in particular di-ammonium phosphate (DAP).
1985 - Allotted 21,84,000 shares to Andhra Pradesh Govt. and
shares to IFFCO at par.
1986 - 2,77,16,000 shares issued at par out of which 60,96,000 shares
Andhra Pradesh Govt. and 58,70,000 shares to IFFCO were
- Out of the remaining 157,50,000 shares, the following shares
allotted on a preferential basis:
- (i) 1,40,300 shares to employees (including Indian working
directors)/workers of the Company;
- (ii) 4,28,500 shares to business associates of the Compay;
- (iii) 24,87,400 shares to farmers;
- (iv) 6,24,200 shares to co-operative and 30,00,000 shares to
on repatriation basis.
- The balance 90,69,600 shares were offered to the public in
1987 - The Diamonium Phosphate (DAP) plant and off site of facilities
Visakhapatnam and storage and handling system of ammonia and
phosphoric acid at Kakinada and Visakhapatnam were completed.
- Steps were taken for procurement and installation of DG sets
augment power supply and to create additional storage
for ammonia and phosphoric acid at both Kakinada and
Vishakhapatnam. The Company's market seedling programme
in kharif 1985 to popularise Godavari brand fertilizers gained
1988 - The Company applied for a letter of intent for setting up an
ammonia urea plant based on natural gas from the
1989 - 12,500 forfeited shares reissued.
1990 - As favourable terms were not available, the Company reduced
trading activity in urea.
1991 - There was a strike by workmen from 30th August, to 26th
September, pressing for settlement of their charter of
A settlement was reached with the employees' Union in
which was to be in force till 31st December, 1992.
- With the improved availability of raw-materials, the Company
decided to introduce the innovative pipe reactor technology
one of the two trains of the DAP plant.
- During the year, the Company had set up a bio-fertiliser unit
manufacture rhizobium culture. The Company proposed to set up
pesticides formulation unit & or manufacture of 600 KL of
pesticide formulations and subsequently increase to 1,200 KL.
1992 - Total sales declined to 4.61 lakh tonnes due to steep fall in
sales of phosphatic and potassic fertilisers and owing to
non-availability of imported DAP and imported Urea from pool
1993 - Production of DAP declined to 2,22,813 tonnes mainly due to
uncertainty and delay in the declaration of subsidy of Rs.
per tonne by the Government of India and also shut down of
plant from 1st April to 13th June.
1994 - The Company decided to retrofit one of the two trains in its
plant with pipe reactor which would increase the installed
capacity from the present level of 3 lakh MTs to over 5 lakh
1995 - The Company's DAP marketed under the brand name Godavari DAP
continues to be the farmers first preference in the State of
1998 - Godavari Fertilisers and Chemicals Limited (GFCL), jointly
promoted by the government of Andhra Pradesh and Indian
Fertiliser Cooperative Ltd (IFFCO)
1999 - Godavari Fertilisers is planning to set up a 300 tonne per
sulphuric acid plant with co-generation facilities.
- The company set up storage capacity of 10,000 tonnes for
and 24,000 tonnes for phosphoric acid.
2000 - ICRA has assigned an A1 rating to the Rs. 25 crore Commercial
Programme of the Company.
-Coromandel Fertilisers, Kribhco, Zuari, Deepak Fertilisers, Spic
group's Sical, Krebs Biochemicals, South Africa-based Fosker Ltd and
a Tunisian company evince interest in buying government shares in the
-Ferguson gives peak valuation of Rs.63.70 per share to the company.
-Change in management structure:
1. Shri V Ramachandra, Shri Padmanabhan Nigarajan, Ranvir Sain Nanda,
Aurnachalam Vellayam co-opted as the Additional Directors on the Board
of the company.
2. Shri S Bhattacharya, IAS Director, Smt Preeti Sudan, IAS Director,
Smt K R Kishore Managing ,Director, Dr Mohan Kanda, IAS Chairman
submit their resignations.
-Coromandel Fertilizers Ltd forges an alliance with IFFCO to jointly
work for the development of the company.
-Coromandel Fertilisers Ltd. acquires 47,82,249 shares amounting to
14.94% of the total paid up capital of the Godavari Fertilisers &
Chemicals Ltd. GFCL legally becomes the subsidiary of Coromandel
-Godavari Fertilisers & Chemicals members approves delisting of its
shares from 4 Stock Exchanges
-Foskor buys 5% stake in Godavari Fertilizers and Chemicals Ltd
-Coromandel Fertilisers Limited (CFL), Secunderabad have sold
16,00,000 equity shares constituting 5% of the Paid-up Capital of the
Company to M/s Groupe Chimique Tunisia on March 29, 2004
-Godavari Fertilisers & Chemicals Ltd has appointed Mr K
Balasubramanian as a Director of the Company. Mr K Balasubramanian
will be an Independent Director on the Board of the Company.
- Godavari Fertilisers & Chemicals Ltd has appointed Mr. V
Ravichandran as Managing Director of the Company for a period of 3
years w.e.f. May 08, 2007 to May 07, 2010.