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Gujarat Narmada Valley Fertilizers & Chemicals Ltd.

BSE: 500670 | NSE: GNFC |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE113A01013 | SECTOR: Fertilisers

BSE Live

Jun 14, 15:30
368.00 -2.45 (-0.66%)
Volume
AVERAGE VOLUME
5-Day
69,336
10-Day
57,512
30-Day
114,382
58,929
  • Prev. Close

    370.45

  • Open Price

    371.00

  • Bid Price (Qty.)

    366.15 (100)

  • Offer Price (Qty.)

    372.00 (8)

NSE Live

Jun 14, 15:29
368.00 -2.50 (-0.67%)
Volume
AVERAGE VOLUME
5-Day
654,346
10-Day
581,735
30-Day
1,292,040
595,267
  • Prev. Close

    370.50

  • Open Price

    371.90

  • Bid Price (Qty.)

    368.00 (945)

  • Offer Price (Qty.)

    368.20 (40)

Company History - Gujarat Narmada Valley Fertilizers & Chemicals
1976
 
 - The Company was Incorporated on 10th May, in Bharuch, Gujarat. 
 The
 Company was promoted by Government of Gujarat and Gujarat State
 Fertilisers Co., Ltd. (GSFC).  The Company Manufacture chemical
 fertilisers, particularly ammonia and urea and petrochemicals.
 
 - Contracts were entered into by GSFC and were transferred in the
 name
 of the Company; (i) with Texaco Development Corporation, U.S.A.
 (Texaco) for synthesis gas generation process; (ii) with Haldor
 Topsoe,
 Denmark (Topsoe) for ammonia synthesis process; (iii) with Linde
 Aktiengesellschaft, West Germany (Linde) for Ractisol wash process
 and
 (iv) with Snamprogetti, Italy for know-how and licence agreement
 with
 Linde which was subsequently transferred in the name of the Company.
 
 - GSFC entered into a supply and engineering contract with Linde
 which
 was subsequently transferred in the name of the Company.  Under this
 agreement, Linde was to supply all the imported equipments to the
 Company for its ammonia plant.
 
 - GSFC entered into know-how agreement, supply agreement and
 engineering agreement with Snamprogetti, Italy for the urea plant.
 These agreements were subsequently transferred in the name of the
 Company.
 
 1981
 
 - 2,530 shares subscribed for by the signatories to the Memorandum
 of
 Association, 2,31,41,010 shares allotted to Gujarat Govt. (of which
 3,010 shares held jointly in the name of directors and Gujarat
 Govt.),
 2,22,50,000 shares allotted to Gujarat State Fertilisers Co. Ltd.,
 1,50,00,000 shares reserved and allotted to NRIs and NRI investors
 from
 Oil Exporting Developing countries with repatriation rights and
 50,00,000 shares reserved and allotted to agriculturists,
 co-operative
 societies, directors, employees of the Company and business
 associates.
 2,36,06,460 shares offered at par to the public in May 1981.
 
 1983 
 
 - Technical collaboration agreements for the supply of imported
 equipment, know-how, technical services, etc., were executed with
 Kemira of Finland and Leonard of U.S.A.
 
 1984 
 
 - 38,025 shares forfeited.
 
 1985 
 
 - A letter of intent was received for the establishment of a
 nitrophosphate plant with a capacity of 1,42,500 tonnes per annum, a
 calcium ammonium nitrate plant with a capacity of 1,42,500 tonnes
 per
 annum and a concentrated nitric acid plant with a capacity of 33,000
 tonnes per annum.
 
 - The Company undertook a project to manufacture 30,000 sq. metres.
 per annum of printed circuit boards.  For this purpose, a Memorandum
 of
 Understanding was signed with PCK technology division of Kollmorge,
 U.S.A.
 
 - Forfeiture on 1,825 No. of Equity shares annualled.
 
 1986
 
 - Agreements were entered into with Toyo Engineering Corporation of
 Japan, for the acquisition of technical know-how, basic engineering
 and
 imported equipments, etc for this expansion.
 
 - A letter of intent was received for the manufacture of 10,000
 tonnes
 per year of formic acid.
 
 - An EPABX project with a capacity to manufacture 20,000 lines of
 digital electronic automatic exchange with C-dot technology was
 commissioned at Roopnagar, Valia.  The Company undertook to produce
 an
 enhanced model i.e. V - III system of EPABX.
 
 - The Memorandum of Understanding for the project was signed with
 Mozak
 International Inc., and a new Company in the name of `Emirates
 Narmada
 Industries p.l.c.' was registered in U.K.
 
 1987 
 
 - Agreements were signed between M/s. Lurgi of W. Germany and the
 joint
 venture Company U. Emirates Narmada Industries PLC.
 
 1989 
 
 - The overall financial performance of the Company was adversely
 affected due to adverse changes in the Retention Price Scheme with
 respect to normative capacity utilisation and depreciation.
 
 - GIIC was implementing through Gujarat Amino Chem Ltd., a project
 for
 the manufacture of methanol with a capacity of 20,000 tonnes per
 annum.
 
 - The Company selected M/s. Linde of West Germany for the supply of
 basic engineering and certain imported equipments.  The Company also
 selected M/s. ICI for the supply of process know-how and Tata
 Consulting Engineers of Mumbai for detailed engineering.
 
 - The licensed capacity of methanol was re-endorsed from 20,000
 tonnes
 to 1,00,000 tonnes per annum.
 
 - GNAL was declared a `sick unit' by BIFR.  A rehabilitation package
 was being prepared in consultation with financial
 institutions/banks.
 
 - Forfeiture on 200 No. of equity shares annualled.
 
 - The Company undertook to implement a captive power project of 50
 MW
 in two phases.
 
 - The Company undertook a project to manufacture 30,000 sq. meters.
 per annum of printed circuit boards.  For this purpose, a Memorandum
 of
 Understanding was signed with PCK technology division of Kollmorge,
 U.S.A.
 
 1990 
 
 - The Company received a letter of Intent for setting up a 50,000
 TPA
 acetic and projects as a 100% Export Oriented Unit.
 
 - Gujarat Narmada Electronics, Ltd., was incorporated for the
 implementation of TV Glass Shell Project.  As shareholders agreement
 was entered into between the Company and Videocon International Ltd.
 (VIL), by which the promoters' equity was to be provided.
 
 - The name Narmada Electronics Ltd., was changed to Videocon Narmada
 Electronics, Ltd., with effect from 30th June, 1992.  The Company
 made
 a public issue of secured fully convertible debentures for an
 aggregate
 amount of Rs 240 crores.
 
 1991 
 
 - Narmada Chematur Petrochemicals, Ltd., was incorporated jointly
 with Chematur AB and IBI Chematur as equity partners, for the
 implementation of 10,000 TPA TDI and 20,000 TPA Aniline projects
 with
 Du-pont technology provided by Chematur AB.
 
 - 28,350 forfeited share/re-issued.
 
 1992
 
 - The Company offered 296,66,667 - 15.5% non-convertible debentures
 of
 Rs 40 each with detachable warrants on Rights basis in the proportion
 1
 deb.: 3 equity shares held.  Additional 44,50,000 debentures were
 allotted to retain oversubscription.
 
 - Another 14,83,300 - 15%, debentures together with detachable
 warrants
 were offered to employees'.  Only 8,98,350 debentures taken up.  The
 balance of 5,84,950 debentures were allotted to Mutual
 Funds/Financial
 Institutions/Banks.  The Debentures are redeemable in 3 equal annual
 instalments on the expiry of 7th, 8th and 9th year from the date of
 allotment.
 
 1993 
 
 - `Gujarat Narmada Auto Ltd.' (GNAL) is a wholly owned subsidiary of
 the Company which is manufacturing two-wheelers three-whellers.
 
 - As at 31st March, all the 51,55,207 No. of equity shares of Rs 10
 each were held by the holding company, i.e. Gujarat Narmada Valley
 Fertilizers Co., Ltd.
 
 1994
 
 - The Company offered 47,93,000 GDRs representing 239,65,000 No. of
 equity shares of Rs 10 each at a price of US $ 12.75 per GDR i.e. 
 (1
 GDR = 5 equity shares).
 
 - 333,24,492 No. of Equity shares issued against detachable warrants
 attached with 15.5% NCDs of Rs 40 each.  1,86,223 No. of equity
 shares
 of Rs 10 each (prem. Rs 25 per shares) allotted on exercise of
 option
 attached to Detachable warrants.
 
 1996 
 
 - The Company was planning to set up a 10,000 MTPA of the
 polyhacetal
 project with an estimated investment of Rs. 240 crores.
 
 - 499 No. of equity shares on exercise of warrants issued.
 
 1997
 
 - The Company undertook to expand the plant's capacity by putting up
 a
 new plant of 100 million tonnes per day capacity with an investment
 of
 Rs 32 crores.
 
 - The Company undertook to set up a third gasifier train to augment
 ammonia capacity by addition of 20,000 MTA of additional ammonia at
 a
 cost of Rs 50 crores.
 
 - The Gujarat Narmada Valley Fertilisers Company (GNFC) is seriously
 contemplating withdrawal from Videocon Narmada Electronics Limited,
 GNFC's joint venture with the Videocon group.
 
 - The company has an installed capacity of 17 lakh glass shells for
 colour picture tubes.  CRT displays and monitors and 2.5 lakh glass
 parts (panels and funnels) and glass bulbs for black and white
 television picture tubes and monochrome monitor tubes.
 
 - The joint venture between Videocon and GNFC manufactured only 2.9
 lakh glass shells (panels and funnels) for colour picture tubes
 during
 the last financial year (1994-95) as against the installed capacity
 of
 17 lakh shells and there was no production of glass parts (panels
 and
 funnels) for black and white television picture tubes.
 
 - Gujarat Narmada Valley Fertilisers Company Ltd (GNFC), Bharuch,
 engaged in the manufacture of chemical fertilisers viz Narmada Urea,
 Phos and CAN, chemicals of like acetic acid, formic acid, methanol,
 nitric acid and electronics products such as printed circuit boards
 and
 digital switching systems, has reported encouraging performance for
 the
 year 1996-97.
 
 - GNFC has signed an agreement with Plinke for technology and supply
 of
 equipment.
 
 - Gujarat Narmada Valley Fertilizers Company (GNFC) has entered into
 an
 agreement with Plinke of Germany to set up a 33,000 tpa concentrated
 nitric acid plant at its Bharuch complex in Gujarat.  The total
 capacity will now be doubled to 66,000 tpa.
 
 - The Bharuch-based Rs 1,200 crore Gujarat Narmada Valley Fertiliser
 Co
 Ltd (GNFC), market leader in acetic acid, methanol and formic acid,
 is
 doubling its acetic acid production capacity from 50,000 to one lakh
 tonnes per annum (TPA) in technical collaboration with B P Chemicals
 of
 the UK.
 
 - Its subsidiary company, Narmada Chematur Petrochemicals Ltd
 (NCPL),
 has successfully commissioned 20,000 million tonnes per annum (mtpa)
 aniline plant operating at more than 100 per cent capacity.
 
 1998 
 
 - The company undertook to enhance the capacity of weak nitric acid
 plant capacity from 630 MTD to 750 MTD.
 
 - Gujarat Narmada Valley Fertilizers Company Ltd has signed a pact
 with
 Uhde of Germany for undertaking engineering and construction of its
 nitric acid expansion plans at Bharuch.
 
 - GNFC is doubling its capacity of concentrated nitric acid (CNA) by
 33,000 tpa for which technical knowhow will be provided by Plinke of
 Germany.  GNFC is also expanding the capacity of weak nitric acid
 (WNA)
 by 24,750 tpa this year.
 
 - Gujarat Narmada Valley Fertilizers Co Ltd (GNFC) plans to double
 total urea capacity, by setting up 2,330 mtd urea and 1,350 mtd
 ammonia
 plant at an investment facility at Bharuch in Gujarat.
 
 - GNFC also proposes to set up a world class 400 tpd pet project
 based
 on PTA and MEG as principal raw material.
 
 - GNFC recently entered into an agreement with GAIL to increase the
 supply of natural gas for three years.
 
 1999 
 
 - The proposed fertiliser unit will have an installed capacity to
 produce 1,350 tonnes per day (tpd) of ammonia and 2,330 tpd of urea.
 The new plant is also slated within the existing premises of GNFC.
 
 - Gujarat Pipavav LNG Company Ltd (GPLCL) has signed a memorandum of
 understanding (MoU) with Gujarat Narmada Fertiliser Corporation
 (GNFC),
 Indian Farms, Fertiliser Co-operative (IFFCO) and Gujarat Gas
 Company
 Ltd (GGCL) for the supply of regassified liquefied natural gas
 (LNG).
 
 - Gujarat Narmada Valley Fertilisers Company (GNFC) is considering a
 proposal to market products of BP Chemicals, UK through its vast
 marketing and distribution network.
 
 - Gujarat Narmada Valley Fertilizers Co Ltd (GNVFC), will offer
 about
 four per cent of equity to foreign companies and non-resident
 Indians
 (NRIs) in its existing company for the very small aperture terminals
 (Vsat) business.
 
 2000 
 
 - Ideal Data Electronic Applications has signed a Memorandum of
 Understanding with Gujarat Narmada Valley Fertiliser Company for the
 purpose of setting up a 100 per cent Export Oriented Unit at the
 GNFC
 Infortower.
 
 - The Company has entered into a business alliance with
 Hyderabad-based
 global software and systems integration major Cybermate Infotek Ltd.
 to
 set up digital certificate based system and security management.
 
 - AD Desai has been appointed as the MD of the Broach-based Gujarat
 Narmada Valley Fertilisers Company Ltd.
 
 - The Company proposed to double the capacity of the acetic acid
 plant
 to 1,00,000 tonnes per annum, commission the third gasifier plant
 and
 install the wet scrubbing system all by December 2001.
 
 - Mr. Sudhir Mankad has been appointed as Director on the board
 effective from October 24.
 
 - The Company has commissioned its international private leased
 circuit
 (IPLC) at its GNFC Infotower in Ahmedabad.
 
 2002
 
 - Gujarat Narmada Valley Fertilizer Company Ltd (GNFC) has informed
 that Shri R C Sharma has ceased to be a Director of the Company wef
 January 16, 2002 vide his resignation.
 
 -Gujarat Narmada Valley Fertilizers Company Ltd has informed that
 consequent upon the retirement of Shri A D Desai from the services of
 Government of Gujarat (GOG) upon attaining the age of superannuation,
 GOG has withdrawn his nomination from the Board of the company. As
 such he ceased to be the Director and Managing Director of the
 company. Shri Balwant Singh, Director of the company has assumed the
 additional charge of Managing Director with effect from October 31,
 2002. He will be formally appointed Managing Director of the company
 in due course.
 
 -Gujarat Narmada Valley Fertilizers Ltd has informed that consequent
 upon the withdrawal of Nomination by Government of Gujarat, Shri
 Pradipsinh Jadeja ceased to be a Non-rotational Director as also the
 Chairman of the company with effect from November 21, 2002. Further,
 Shri G Subbarao has been nominated by Government of Gujarat as
 Non-rotational Director on the Board of the company with effect from
 November 22, 2002.
 
 2003
 
 - Gujarat Narmada Valley Fertilizers Company Ltd has informed BSE
 that consequent upon the withdrawal of Nomination by Govt of Gujarat
 Shri G Subba Rao ceased to be a Director as also the Chairman of the
 company. Shri P K Laheri has been nominated by Govt of Gujarat as
 Director on the Board of the company.
 
 -Shri Shrirish Bengali has ceased to be the Non-Rotational Director
 of the company.
 
 -Shri Koshi has been appointed as the director on the board of the
 company in the
 casual vacancy.
 
 -Government has withdrawn the nomination of Shri Subba Rao, ceased to
 the director
 as also the chairman of the company and Shri P K Laheri has been
 nominated by
 the government on the board of the company.
 
 -GNFC has witnessed a turnover of 1464 cr and profit before tax of
 Rs.136.39cr, which
 has been increased over the years.
 
 -GNFC has announced the closure of PCB plant operations of the
 company since it
 did not reach up to the desired expectation of the company.
 
 -GNFC has informed that Shri Manu Shroff, ceased to be the director
 of the company.
 
 -4 persons were killed and 26 were injured in a major blast  at the
 nitrogen phosphorus
 ammonia plant of Gujarat Narmada Valley Fertilisers Corporation
 Limited in Bharuch
 District.
 
 2004
 
 -Delists the equity shares from Ahmedabad & Delhi  stock exchanges
 
 -Gujarat Narmada Valley Fertilizers Company Ltd has informed that Dr.
 Manjula Subramaniam has resigned as a director of the Company with
 effect from August 5, 2004
 
 2006
 
 -Gujarat Narmada Valley Fertilizers Company Ltd (GNFC) has informed
 that Shri. PK Taneja, IAS has been appointed as Additional Director
 on the Board of the Company w.e.f. November 27, 2006.
 
 2007
 
 - Gujarat Narmada Valley Fertilizers Company Ltd (GNFC) has appointed
 Shri. V L Joshi, IAS as Additional Director on the Board of the
 Company w.e.f. May 19, 2007.
 
 2008
 
 -Gujarat Narmada Valley Fertilizers Company Ltd (GNFC) has appointed
 Shri. T Natarajan as Director of the Company w.e.f. August 28, 2008.
 
 2009
 
 - Gujarat Narmada Valley Fertilizers Company Ltd (GNFC) has informed
 BSE about the change taken place in the Company's Directorate:
 
 - Name of Director : Shri. D Rajagopalan, IAS
 
 - Date of Appointment or Change : January 21, 2009
 
 - Brief Particulars of change : Ceased to be a Director vide
 resignation.
 
 -Gujarat Narmada Valley Fertilizers Company Ltd (GNFC) has informed
 BSE about the change taken place in the Company's Directorate as
 mentioned hereunder :

- Name of Director : Shri. Guruprasad Mohapatra, IAS
- Date of Appointment : July 28, 2009.
- Brief Particulars of Change : The Board has at its meeting held on July 28, 2009 taken note of the nomination of Shri Guruprasad Mohapatra, IAS, Managing Director, Gujarat Alkalies & Chemicals Ltd as Government Director and has appointed him to hold additional
charge of the post of Managing Director of the Company effective July 01, 2009. 2011 -Gujarat Narmada Valley Fertilizers Company Ltd has 300 MTPD Weak Nitric Acid-II Project of the Company has been completed at a cost of about Rs. 262 Crores. WNA-II Project has started its operation. -Shri Atanu Chakraborty, IAS is appointed as Additional Director on the Board of the Company. 2012 -The Change of Name of the Company from Gujarat Narinada Valley Fertilizers Company Limited to Gujarat Narmada Valley Fertilizers & Chemicals Limited. 2013 -Gujarat Narmada Valley Fertilizers & Chemicals Ltd has informed that the Board of Directors of the Company have recommended a Dividend of Rs. 3.50 per equity share of Rs.10/- each (@ 35%) to the shareholders for the year ended March 31, 2013 -Gujarat Narmada Valley Fertilizers & Chemicals Ltd has informed that Dr Hasmukh Adhia, IAS has been appointed as Additional Director on the Board of the Company w.e.f. March 25, 2013. 2014 -Gujarat Narmada Valley Fertilizers & Chemicals Ltd has informed that 50,000 MTPA Toluene Di-lsocynate - II Project at Dahej established by the Company has been completed and the commercial production has been declared with effect from March 24, 2014. -Gujarat Narmada Valley Fertilizers & Chemicals Ltd has informed that the Board of Directors of the Company recommended a Dividend of Rs.3.50 per equity share of Rs.10/- each (@ 35%) to the shareholders for the year ended March 31, 2014 2016 - The JV Company has been incorporated by the company in joint venture with EcoPhos s.a. Belgium.