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Gujarat State Fertilizers and Chemicals

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Coordinates: 22°22′28″N 73°09′20″E / 22.3745°N 73.1555°E / 22.3745; 73.1555
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Gujarat State Fertilizers and Chemicals
Company typePublic
Industry
Founded1962; 62 years ago (1962)
Headquarters
Vadodara, Gujarat
,
India
RevenueIncrease ₹11,445 crore (US$1.4 billion) (FY23)[1]
Increase ₹1,618 crore (US$190 million) (FY23)[1]
Increase ₹1,293 crore (US$150 million) (FY23)[1]
OwnerGovernment of Gujarat (37.84%)[2]
Websitewww.gsfclimited.com

Gujarat State Fertilizers & Chemicals Limited (GSFC) is an Indian chemicals and fertilizers manufacturer, owned by the Government of Gujarat. GSFC was founded in 1962 and has its headquarters in Vadodara on the Ahmedabad Vadodara Expressway.[3] As of fiscal year 2021–22, fertilizers such as diammonium phosphate, ammonium sulfate and urea generated over 60% of the company's revenue, while industrial products including caprolactam, nylon 6, melamine and MEK oxime contributed the remaining share.[4]

Oil and gas discovered in Bombay High and South Basin triggered the birth of 8 new generation fertilizer plants to fulfill the growing food needs of India. In 1976, it set up a plant in Bharuch which trades as Gujarat Narmada Valley Fertilisers & Chemicals, as a subsidiary of GSFC.

In 2012, GSFC incorporated a wholly-owned subsidiary called GSFC AgroTech Limited (GATL).[5]

See also

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References

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  1. ^ a b c "Gujarat State Fertilizers reports highest ever sales, net profit and dividend of 500% in FY23". Mint. 25 May 2023.
  2. ^ "GSFC aiming to double revenues in next 4-5 years". Times Now. 25 July 2022. Retrieved 28 February 2023.
  3. ^ "Financial Detail – Investor's Grievance Redressal". www.gsfclimited.com. Retrieved 26 September 2016.
  4. ^ "Gujarat State Fertilizers & Chemicals Limited" (PDF). CARE Ratings. Retrieved 28 February 2023.
  5. ^ "GSFC Agrotech Limited" (PDF). CARE Ratings. Retrieved 28 February 2023.
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22°22′28″N 73°09′20″E / 22.3745°N 73.1555°E / 22.3745; 73.1555

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