Madras Fertilizers Ltd
NSE: MADRASFERT BSE: 590134
₹66.25
(-0.57%)
Sat, 23 May 2026, 00:13 pm
Market Cap10.74B
PE Ratio13.26
Dividend0
Process Industries
Chemicals: Agricultural
24.5KCompany History
1966
- Madras Fertilizers Ltd. was incorporated as a Joint Venture between GOI and Amoco India Incorporated of USA.
1968
- The Company entered into a Purchase Agreement with Madras Refineries Limited for an annual requirement of 250,000 MT.
1975
- The Company achieved a unique distinction in plant safety record of 3190 accident-free days from February 10, 1975, to November 5, 1983.
1991
- The Company received an award from Fertilizer Association of India for outstanding performance in the production of phosphatic fertilizers.
1992
- MFL commissioned a Hydrolizer Stripper plant for treating effluents from ammonia and urea plants.
- The Company developed a green belt in the plant campus covering about 30 acres.
- MFL received the Farmers Service Award for the year.
- The Company established about 150 upcountry warehouses through State/Central Warehousing Corporations.
1993
- The Company received the Jawaharlal Nehru Memorial National Award for effective implementation of pollution control methods.
- MFL received the Second prize in National Energy Conservation for the year.
- The Company increased the capacity of the Ammonia Plant by 40% and the Urea Plant by 66%.
1994
- MFL entered into a purchase agreement for an annual requirement of 2,50,000 MT of Naphtha with Madras Refineries Ltd.
- The Company installed a dual pipe reactor system in the NPK 'B' train to enhance production rate.
1995
- The Company was awarded an 'Excellent' rating for the year 1995-96 by the Department of Fertilizers.
1996
- The company set up a Reverse Osmosis Plant to take care of future water shortages.
- MFL received the ISO 9002 certification effective November 1.
1997
- The company entered the capital market for the first time with an initial public offering (IPO) of Rs.42.95 crores.
- MFL planned to set up a sulphuric acid plant with a 400 tonne per annum capacity at its Manali plant.
- The Madras Fertilisers plant was closed down on November 30 due to a gas leak.
1998
- MFL commenced marketing of an eco-friendly neem-based pesticide called 'Vijay Neem'.
- The Company received the 'Energy Conservation Award' for the year 1996-97.
- MFL received the 'Best Environmental and Ecological Implementation Gold Award' from International Greenland Society.
- The Company received the 'Best Tax Payer Award' for the year 1995-96.
1999
- The government proposed to reduce its stake in MFL to 8% from 58%.
- Biwater Plc entered the race for the construction of a $100 million effluent re-use plant for Madras Fertilisers and Refineries industries complex.
- MFL signed an MoU with Monsanto Enviro Chem System Inc. to rectify problems with the prill tower.
- The government proposed to convert Rs 80-crore of loans into preference shares.
- MFL planned to set up a 25 MW captive power plant and switch from naphtha to LNG for feedstock.
2001
- Madras Fertilisers Ltd signed a Memorandum of Understanding with the Department of Fertilisers, Government of India for the year 2001-02.
2002
- The Government of India approved the financial restructuring of Madras Fertilizers.
- Mr. Pawan Kumar Wadhwa and Mr. Suresh Chandra ceased to be Directors, and Mr. M R Sharma was appointed as a Director.
- Mr. Sukumar N Oommen was appointed as the Chairman and MD of the company.
2003
- National Iranian Oil Company granted a No Objection Certificate to the government for the sell-off of Madras Fertilizers Ltd.
- The government approved a financial restructuring package for MFL, including waiver of outstanding interest and moratorium on principal repayment.
- Mr. Sukumar N Oommen was appointed as the Chairman and MD of the company.
- The stock price increased by 9.8% due to financial restructuring.
2005
- Madras Fertilizers Ltd entered into a one-time settlement agreement with ICICI Bank, benefiting MFL by Rs 18.95 crore.
2007
- The company created an Email ID for the Grievance Redressal Division/Compliance Officer and a website called www.madrasfert.nic.in.
2008
- Shri S Muralidharan was appointed as Chairman & Managing Director in place of Shri G S Mangat.
2009
- Shri M S Mathews was appointed as a Director - Technical of the company.
2010
- Dr. V. Rajagopalan was appointed as a Director of the company.
- MFL upgraded to the latest ISO 9001:2008 Quality Management System certification.
2013
- Dr I Vijayakumar was appointed as a Compliance Officer of the Company.
2014
- Shri V Muralidharan was appointed as Company Secretary of the company.
2019
- MFL successfully completed the feedstock conversion from Naphtha to RLNG during the year.
2020
- MFL has its own Environmental Management System certification (ISO 14001:2015) valid up to November 29, 2020.
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Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800