GSFC begins commercial production at new hydroxylamine sulphate plant in Vadodara
“…we would like to inform that the Company has commissioned a manufacturing plant at Fertilizernagar, Vadodara for production of Hydroxylamine Sulphate Crystal (FIX Crystal),” according to a stock exchange filing.
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The facility has an annual production capacity of 6,600 metric tonne. “The commercial production at the said plant has commenced today i.e. 11th October,2024. The new facility has installed annual capacity of manufacturing 6,600 MT of FIX Crystal,” it said.
Gujarat State Fertilisers and Chemicals posted a sharp 89% drop in consolidated net profit to ₹24.43 crore for the fourth quarter of 2023-24 on poor sales. Its net profit stood at ₹224.91 crore in the same quarter in the preceding fiscal.
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The total income fell 16.34% to ₹2,017.46 crore in the January-March quarter of 2023-24 from Rs 2,411.56 crore a year earlier, according to a regulatory filing. The company’s expenses remained lower at ₹1,993 crore in the period under review against ₹2,105.74 crore a year ago.
Shares of Gujarat State Fertilizers and Chemicals Ltd ended at ₹213.65, down by ₹0.35, or 0.16% on the BSE.
First Published: Oct 11, 2024 11:51 PM IST
