Indian Farmers Fertiliser Cooperative

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Indian Farmers Fertiliser Co-operative Limited
Cooperative
Founded 3 November 1967 (1967-11-03)
Headquarters IFFCO Sadan C-1, District Centre, Saket Place, New Delhi, India
Area served
India
Key people
Balwinder Singh Nakai, Chairman
Dr. Udai Shanker Awasthi, CEO
Products Fertilisers
Revenue 22,597.10 crore (US$3.4 billion) (2016–17)[1]
Subsidiaries IFFCO Tokio General Insurance Company Limited
Website www.iffco.in
www.iffco.coop

Indian Farmers Fertiliser Cooperative Limited, also known as IFFCO, is a large scale fertiliser cooperative federation based in India which is registered as a Multistate Cooperative Society. IFFCO has 40,000 member cooperatives.[2] IFFCO has been ranked#37 in top companies in India in 2011 by Fortune India 500 list.[3]

History

On 3 November 1967 Indian Farmers Fertiliser Cooperative Limited (IFFCO) was registered as a Multi-unit Co-operative Society. It got deemed recognisation under the provisions of Multistate Cooperative Societies Act 1984 & 2002 later.

Plants

IFFCO Phulpur Unit −1 Entrance. Its one of the 5 Factories owned by IFFCO. Established in 1980

Initially, IFFCO commissioned an ammonia – urea complex at Kalol and the NPK/DAP plant at Kandla both in the state of Gujarat in 1975. Another ammonia – urea complex was set up at Phulpur in the state of Uttar Pradesh in 1981. The ammonia – urea unit at Aonla was commissioned in 1988. Recently, IFFCO has acquired an NPK/DAP and Phosphoric acid fertiliser unit at Paradeep in Orissa in September 2005. The marketing of IFFCO's products is channelled through cooperative societies and institutional agencies in over 29 states and union territories of India.

Production and sales

During the year 2008–09 IFFCO produced 7,168,000 tonnes of fertiliser material; registering overall capacity utilisation of 98 percent for nitrogenous and 53 per cent for phosphate fertiliser. It contributes 21.4% of country's total nitrogenous fertiliser production and 27% of total phosphate fertiliser production in the same period. Plant productivity during the year stood at 1373 tonnes/person. The Society has also achieved another important landmark in the field of energy conservation by clocking overall annual energy of 5.943 Gcal/tonne of urea. The Society has cloaked an all-time high sales of 11,258,000 tonnes of fertiliser during 2008–09.

Financial performance system

The society has recorded an all-time high turnover of Rs.329.33 thousand.

Diversification and joint ventures

Corporate social responsibility

See also

References

  1. ^ "Ten Years' Financial Highlights" (PDF). IFFCO. Retrieved 2011-12-08. 
  2. ^ Bhaskal, Utpal. IFFCO plans to set up overseas cooperatives for pulses cultivation. Livemint. 5 November 2009.
  3. ^ http://www.business-standard.com/india/news/iffco-is-37th-in-fortune-india-500-list/154357/on
  4. ^ http://www.americaspetrogas.com/s/NewsReleases.asp?ReportID=384872
  5. ^ http://www.livemint.com/Companies/rkF3PzODBW2WjUVb4c3fdN/IFFCO-buys-26-stake-in-Gramin-Health-Care.html

External links

  • Indian Cooperative News Portal
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