Gujarat State Fertilizers and Chemicals explained

Gujarat State Fertilizers and Chemicals
Type:Public
Hq Location City:Vadodara, Gujarat
Hq Location Country:India
Revenue: (FY23)
Operating Income: (FY23)
Profit: (FY23)[1]
Owner:Government of Gujarat (37.84%)[2]

Gujarat State Fertilizers & Chemicals Limited (GSFC) is an Indian chemicals and fertilizers manufacturer, owned by the Government of Gujarat. GSFC was founded in 1962 and has its headquarters in Vadodara on the Ahmedabad Vadodara Expressway.[3] As of fiscal year 2021–22, fertilizers such as diammonium phosphate, ammonium sulfate and urea generated over 60% of the company's revenue, while industrial products including caprolactam, nylon 6, melamine and MEK oxime contributed the remaining share.[4]

Oil and gas discovered in Bombay High and South Basin triggered the birth of 8 new generation fertilizer plants to fulfill the growing food needs of India. In 1976, it set up a plant in Bharuch which trades as Gujarat Narmada Valley Fertilisers & Chemicals, as a subsidiary of GSFC.

In 2012, GSFC incorporated a wholly-owned subsidiary called GSFC AgroTech Limited (GATL).[5]

See also

References

  1. News: Gujarat State Fertilizers reports highest ever sales, net profit and dividend of 500% in FY23 . Mint . 25 May 2023 . en.
  2. News: GSFC aiming to double revenues in next 4-5 years . 28 February 2023 . Times Now . 25 July 2022 . en.
  3. Web site: Financial Detail – Investor's Grievance Redressal. www.gsfclimited.com. 2016-09-26.
  4. News: Gujarat State Fertilizers & Chemicals Limited . 28 February 2023 . CARE Ratings.
  5. News: GSFC Agrotech Limited . 28 February 2023 . CARE Ratings.

External links

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