M/s. BHARAT AGRI FERT & REALTY LTD, Company made a Public Issue in 1962 and was listed on Bombay Stock Exchange immediately thereafter.
M/s. BFIL was considered to be leading manufacturers of NPK Fertilisers mainly SSP Fertilisers – Powder and Granulated form having licensed Capacity as under
|Licensed Capacity MTs.||Installed Capacity MTs.|
|2.Single Super Phosphate||1,32,000||1,32,000|
|3.Granulated Single Super Phosphate||99,000||99,000|
|4.Sodium Cilico Fluoride||660||660|
|5.Ferric Alum Solid||26,400||26,400|
However due to Steep increase in Imported Crude Oil per barrel, defective Government Policy on pricing and Subsidy coupled with delay in payment of Subsidy, increase in prices of Raw Materials the Fertiliser Production dwindled and instead of making Profit and paying Dividend, the company started making losses from 1997 onwards till the entire net-worth was wiped out and the manufacture of SSP Fertiliser became difficult in 2004, the Company made a reference to BIFR reporting loss of net-worth to find out ways and means to revive and revamp the Company on 27/08/2008 detailed Form 'A' was filed with BIFR under Section 15(1) of SICA Act Thus, the Company which commenced production on 10/09/1985 came to a grinding halt for no fault on its part.
In all the foregoing darkness, only silver lining was the management of the Company. The Company is headed by dynamic result oriented Chairman and Mg. Director Shri Yogendra D. Patel who did not lose courage but with his innovative planning thought of developing Company's Surplus Land at Majiwada, Thane admeasuring 6,25,000 Sq. Ft. Freehold and unencumbered. After obtaining necessary approvals from Statutory Authorities the work of Construction Division commenced and is now in full swing.
Resumption of Company's Fertiliser Production
In a recent Development the Company has secured a prestigious Contract for conversion of SSP/GSSP Fertilisers from M/s. Rashtriya Chemicals & Fertilisers Ltd. for a period of 5 years from 01/05/2011 to 30/04/2016 with extension of 2 years on mutual consent. This gives an opportunity to re-enter into time long traditional business of the Company for 7 years to start with. The company has already re-vamped its Production Units to cater to this order. This order together with Construction Projects on hand assures continuous business for the Company.
I) In next 2/3 years the Company plans to take on hand Re-construction of Company's Head office and Registered Office in Fort area to be in the nearest of the City with assured income. The H.O. Building is in a dilapidated condition and its has been necessary to reconstruct the building after vacating tenant in the said building. After taking necessary approvals steps would be taken to start work of Reconstruction work into Ultra Modern Office Complex in small & medium size required for Professionals, Advocates and Solicitors Firm s for Office Area. This Complex would be nearly 11000 Sq. Ft. area and could earn Rs.30 Lacs per Month on completion of the Project. This will give permanent stability for the Company on financial front.
II) Setting up a International Standard Residential Cum Educational Complex at Company's Surplus land of 150 Acres under Foreign Collaboration. The Company intends to utilise its 150 acres of surplus land at Wada for construction of International Standard Residential cum Educational Complex under Foreign Collaboration in next 2/3 years subject to compliance of all necessary Permissions, approvals from State and Central Governments Necessary steps are being taken in this regard.
III) The Company enjoys the Confidence of its Shareholders. They have supported the Company in its difficult times to come out of huge losses caused due to defective Government Policies on pricing, Subsidy etc.