Mangalore Chemicals And Fertilisers

Mangalore Chemicals & Fertilizers Ltd (MCFL) on Friday said it has completed an ammonia energy improvement project at a capital cost of over Rs 400 crore. MCFL -- a subsidiary of Zuari Agro Chemicals Ltd, an Adventz Group company -- said in a statement that it has successfully implemented the ammonia energy improvement project at its Mangalore plant and has attained energy efficiency at par with modern plants. "The project was implemented at a capital cost of over Rs 400 crore and is expected to deliver significant improvement to the bottom line," it added. To implement this project, the plant, which produces urea and complex fertilisers, was shut down between June-September 2022. MCFL had converted its urea operation earlier from naphtha to gas based after the receipt of gas in December 2020. As per the extant policies of the government for urea manufacturing companies, there is a mandate to reduce the energy requirement further from December 2025. In the process, MCFL has ...

The risk of a breach of the government's fiscal deficit target could play a spoilsport for the sector as it could prompt the Centre to cut back on subsidy support, analysts believe.

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The company on Tuesday reported a 28.57 per cent decline in its net profit

Mangalore Chemicals and Fertilisers Ltd on Saturday reported a 38 per cent decline in its net profit at Rs 15.11 crore for the quarter ended March

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Mangalore Chemicals and Fertilisers Ltd (MCFL) on Thursday posted a net profit of Rs 11.01 crore for the quarter ended June.

Zuari Group chairman Saroj Poddar clarifies it is insignificant, does not impact company