Kochi (Kerala), March 11 The Fertilisers and Chemicals Travancore (FACT) has met almost all the necessary criteria for a 'Mini Ratna' status, which will, in turn, help the company achieve greater success, a senior company official said.
The senior official stated that the company has met almost all the necessary criteria for the 'Mini Ratna' status. Its financial restructuring is also underway, and its completion will pave the way for it to achieve this status.
Anupam Misra, the company's Director (Marketing), said that after many ups and downs in its journey, the company now deserves 'Mini Ratna' status, as the country is moving towards becoming self-reliant in every sector, including fertilizers, and FACT has everything it needs to play its part.
He said, "We have paid dividends to the government for the third consecutive year. We have been profitable for seven years, and our net worth has been positive for five years."
During the year 2018-2019, our turnover was around Rs 1,800 to Rs 1,900 crore. Today, we are generating a turnover of over Rs 5,000 crore, and our market capitalization is around Rs 50,000 crore.
"We have almost met all the criteria. There are some procedural matters that are being addressed. This status may be granted after the financial restructuring," he said.
Later, speaking to