Madras Fertilizers Limited (MFL) is planning to set up a container freight terminal and a power plant at its existing plant at Manali near Chennai, Chairman and Managing Director of the company I. Vijayakumar said here on Friday.
Addressing a press conference, he said the company had resumed production of complex fertilizers, which was discontinued about five years ago. The company had plans to produce about 4.2 lakh tonnes of 17-17-17 (NPK) in addition to 4.86 lakh tonnes of urea, one lakh tonnes each of DAP, 20-20-0-13 and potash during the current year.
Last year, it had produced 4.87 lakh tonnes of urea, 480 tonnes of bio-fertilizers and 116 kilolitres of neem-based pesticides, and made a profit of Rs.112 crore from out of a turnover of Rs.2,207 crore. Three lines had resumed production of complex fertilizers, he said.
The company would utilise 130 acres available at its plant at Manali for container terminal as the area was nearer to the port, he said. Further, the company was planning to convert feedstock from naptha to LNG in the next two years. Conversion of RLNG (regasified liquefied natural gas) feedstock would result in lower energy consumption and reduce cost of production.
