|Sales Growth||Profit Growth||Expense Growth||Stock Price CAGR|
Fertilisers & Chemicals Travancore (FACT),
The 2nd stage of expansion of FACT was completed in 1962. The 3rd stage of expansion of FACT was completed in 1965 with setting up of a new ammonium sulphate plant.
The FACT Engineering and Design Organization (FEDO) was set up on 24th July 1965 to meet the emerging need for indigenous capabilities in vital areas of engineering, design and consultancy for establishing large and modern fertilizer plants. FEDO has since then diversified into chemicals, petrochemicals, hydrometallurgy, pharmaceutical and other areas. FEDO offers services from project identification and evaluation stage to plant design, procurement, project management, site supervision and commissioning of new plants as well as revamping and modernization of old plants.
FACT Engineering Works (FEW) was established on 13th April 1966 as a unit to fabricate and install equipments for fertilizer plants. Over the years FEW developed capabilities in the fabrication of pressure vessels and heat exchangers. FEW also undertook laying of cross country piping and fabrication and installation of large penstocks of hydel projects.
As a part of the diversification plan from the traditional field of fertilisers and chemicals, a 50,000 tonnes per annum Caprolactam Plant at Udyogamandal was commissioned in 1990. FACT set up a 900 TPD ammonia plant at Udyogamandal at the cost of Rs 638 crore following an order from the Kerala High Court in February 1994 on a Public Interest Litigation, to decommission the existing imported ammonia storage and handling facility at Willington Island (Cochin Port). The ammonia plant was commissioned in 1998.
The company's main business is manufacture and marketing of fertilisers, caprolactam, engineering consultancy and fabrication of equipment.
FACT manufactures fertilizers, petrochemicals and chemicals.
The Fertilisers and Chemicals Travancore (FACT) is planning to resume the production of the chemical -- caprolactam -- after a gap of six months. The production was stopped when it became a loss-making affair with unprecedented fall in demand in the domestic as well as global market.
One of the advantages of producing caprolactam is that fertilizer ammonium sulphate is also produced as a byproduct of caprolactam.