PSU NEWS
Annual General Meeting of National Fertilizers Limited at New Delhi
New Delhi: NFL has declared a total dividend of 30.57% of Profit after Tax (PAT) during its Annual General Meeting (AGM) held on 18th September 2019 in New Delhi.Shareholders of the company were appreciative of the best ever performance of the company during 2018-19 and specifically commented on addition of new products and pan India presence of company.
In his Chairman address, Shri Manoj Mishra, C&MD gave performance highlights of the company during 2018-19 and shared future plans.
NFL, for the 4th time in a row, has performed exceedingly well on production as well as sales front during 2018-19 by recording a urea production of 38.59 Lakh MT and sale of 48.95 Lakh MT of fertilizers.
With this performance, NFL achieved turnover of Rs.12245 crore (increase of 37% over previous year) and a profit of Rs.463 crore (increase of 38.2% over previous year) during 2018-19.The AGM was held in India Habitat Center in New Delhi and was attended by larger number of shareholders and employees of company.
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