iffco at a glance second option 2015-16.cdr

IFFCO AT A GLANCE

2015-16

It is a matter of great pride to release the updated edition of “IFFCO at a Glance“- a popular annual compilation providing performance trends and keyinformation of the Society. Its vital information is a ready reckoner of statistical data to IFFCO officials and our esteemed visitors.

Important information on Overseas Ventures, Vision 2020 and information for International Guests are also available at the end.With Best Wishes.

(U.S. AWASTHI )

Managing Director

FOREWORD

Nutritional security is the substantial challenge for the people. Pulses is the solution

This Nutrient-dense super food not only reduces the risk of various diseases but is also a rich source of proteins and minerals.

In addition, pulses are a blessing of soilhealth since they enhance soil microbial activity.

S.No. Chapters Page No.

12

3

4

5

6

7

8

9

10

IFFCO In Brief

IFFCO Plants and Performance

Sales and Marketing

Financial Performance

Human Resources, FDP and Service to Framers

Information and Communication Technology

Awards Received by IFFCO

IFFCO Growth & JVs / Associates

Vision for the Future

Information for International Guests

112

26

33

39

49

53

60

85

88

Contents

01

ABOUTIFFCO

02

ORIGINOF

IFFCO

Since inception, IFFCO has consistently followed transparent, democratic and professional practices in Corporate Governance.

IFFCO has carved out a strong "Cooperative Identity" and is making sincere efforts to uphold the "Cooperative Values" by cherishing the "Cooperative Principles".

IFFCO endeavours to achieve highest levels of transparency, accountability and full disclosure to its members to uphold the spirit of Cooperative Principles and Cooperative Values as laid down by the International Cooperative Alliance (ICA).

Initiative has been taken for strengthening IFFCO's Member Cooperative Societies through a web based Member Portal for enabling them to access information relevant to them.

03

CORPORATEGOVERNANCE

Largest producer of fertilisers in the country

No. of Plant Locations : Five

Installed/Revamped Annual Capacity (‘000 MT)

UREA

NP/NPK/DAP

WSFs

ZNSO4 ( Monohydrate)

TOTAL “N”

TOTAL ‘P O ’2 5

- 4242.2

- 4335.4

- 15

- 30

- 2630.7

- 1719.4

Contributed about 20.5% to the total ‘N’ and 31.8% to the total “ ”

produced in the coun t r y dur ing the year 2015-16.

P O2 5

(As on 31st March 2016)

04

PRODUCTIONCAPACITY

Authorised Share Capital 1000.00

Subscribed & Paid up Capital 424.39

(Entire Share Capital held by Cooperatives)

( Crore ) `


05

SHARECAPITAL

(As on 31st March)

1967-68 1974-75 1984-85 1994-95 2004-05 2014-15 2015-16

5757

2552825528 2592625926

3059830598

3738137381

3666636666

3521435214

06

NUMBER OFMEMBER

SOCIETIES

UNIT PRODUCT PRODUCTION

KALOL UREA 186.34

PHULPUR I UREA 196.51

PHULPUE II UREA 167.31

AONLA- I UREA 248.73

AONLA- II UREA 181.79

TOTAL UREA 980.68

KANDLA NPK 358.81

DAP

WSFs/ZNSO4

PARADEEP NP/NPK

DAP

TOTAL NPK/DAP/WSFs/ZnSO4

FERTS. MATERIAL

NUTRIENTS 'N'

'P O ' 2 5

192.95

0.67

64.51

79.74

696.69

1677.37

550.08

244.65


(Lakh MT)

07

CUMULATIVEPRODUCTION

TILL DATE

FERTILISER PRODUCTION

FERTILISER SALE

TURNOVER

PROFIT BEFORE TAX

PROFIT AFTER TAX

CONTRIBUTION TO EXCHEQUER

1,677.37 Lakh MT

2,043.05 Lakh MT

2,88,108 Crore

13,054 Crore

9,703 Crore

17,366 Crore


08

`

`

`

`

CUMULATIVEACHIEVEMENTS

TILL DATE

Highest ever Production of Fertilisers(Previous best 85.83 lakh MT in 2010-11)

Highest ever Production of Urea(Previous best 45.10 lakh MT in 2012-13)

Production of DAP(Best 19.43 lakh MT in 2012-13)

Production of NP/NPK/DAP(Best 41.81 lakh MT in 2010-11)

Highest ever Sales of Fertilisers(Previous best 125.88 lakh MT in 2010-11)

Highest ever Sale of Urea(Previous best 71.91 lakh MT in 2014-15)

Sales of DAP(Best 29.42 lakh MT in 2008-09)

Sales of NP/NPK/DAP (Best 57.65 lakh MT in 2010-11)

86.52 lakh MT *

46.68 lakh MT

16.73 lakh MT

39.84 lakh MT *

130.24 lakh MT #

78.70 lakh MT

28.82 lakh MT

51.54 lakh MT #

* Includes WSFs/ZnSO4 produced at Kandla Unit# Includes WSFs/ZnSO4/Gypsum Contd....

09

HIGHLIGHTSOF 2015-16

10

` 1019.89 Crore

` 705.50 Crore

1995 MT/Employee

` 30400.65 Crore

11019 MT/Employee

5.695 Gcal/MT of Urea

Profit After Tax(Best ` 791.49 crore in 2010-11)

Turnover(Best ` 33432.30 crore in 2008-09)

Highest Plant Productivity(Previous best 1724 MT/Emp. in 2011-12)

Highest Marketing Productivity(Previous best 8707 MT/Emp. in 2014-15)

Lowest Composite Energy Consumption(Previous lowest 5.714 Gcal/MT of Urea in 2014-15)

Profit Before Tax(Best ` 1107.43 crore in 2012-13) ` 1019.89 Crore

131.44 lakh MTHighest Fertiliser Despatches (Previous best 126.55 lakh MT in 2010-11)

HIGHLIGHTSOF 2015-16

* Include WSFs (15000 MT) and Zinc Sulphate (30000 MT)

Sales of DAP(Best 29.42 lakh MT in 2008-09)

Highest ever Production of Urea(Prous best 45.10 lakh T in 2012-13)


Highest ever Production of Urea(Previous best 45.10 lakh MT in 2012-13)Highest ever Production of Urea(Previous best 45.10 lakh MT in 2012-13)

Highest ever Production of Urea(Previous best 45.10 lakh MT in 2012-13)Highest ever Production of Urea(Previous best 45.10 lakh MT in 2012-13)

AS ON DATE UREA NPK/DAP Total Ferts.

Jan.’75 - 415.6 415.6Jan.’75Apr.’75 396.0 415.6 811.6

Mar.’81 891.0 415.6 1306.6

Sep.’81 891.0 881.3 1772.3

Jul.’88 1617.0 881.3 2498.3

Dec.’96 2343.0 881.3 3224.3

Aug.’97 2491.5 881.3 3372.8

Dec.’97 3217.5 881.3 4098.8


Aug.’99 3217.5 1600.1 4817.6Apr.’01 3689.4 1973.6 5663.0

Apr.’02 3689.4 2191.1 5880.5

Apr.’04 3689.4 2415.4 6104.8

Oct.’05 3689.4 4335.4 8024.8

Dec.’08 4242.2 4335.4 8577.6

Apr.’11 4242.2 4350.4 8592.6

Apr.’12 4242.2 4380.4* 8622.6

(’000 MT)

11

GROWTHIN PRODUCTION

CAPACITIES

12

IFFCO PLANTSAND

PERFORMANCES

YEAR OF COMMISSIONINGINVESTMENT


1975

` 71.23 Crore1975

` 71.23 Crore

1997

` 149.70 Crore

PRODUCT CAPACITY TECHNOLOGY

AMONIA

MTPD MTPA

1100 3,63,000

UREA 1650 5,44,500

“N” 759 2,50,470

M.W. KELLOG & HTAS

STAMICARBON & H & G

13

KALOLUNIT


1975

` 24.26 Crore1975

1981

` 28.60 Crore

1999

` 205.30 Crore

YEAR OF FIRST EXPANSIONINVESTMENT

YEAR OF SECOND EXPANSIONINVESTMENT

PRODUCT TECHNOLOGY

’‘ P O2 5

CAPACITY

MTPA

‘N’ 3,54,100

9,16,600

FOUR STREAMS (A,B,C & D) BASED ON TVA SLURRY GRANULATION PROCESS.TWO STREAMS (E & F) BASED ON AZF PIPE REACTOR TECHNOLOGY.

14

KANDLAUNIT

YEAR OF COMMISSIONINGINVESTMENT ` 205.2 Crore Phulpur -I

1981

YEAR OF EXPANSIONINVESTMENT ` 1190 Crore Phulur - II

1997

YEAR OF DEBOTTLENECKINGINVESTMENT ` 185.3 Crore

2008

PRODUCT CAPACITY TECHNOLOGYMTPA

UREA 3,54,100

MTPDPRODUCT

AMMONIAAMMONIAAMMONIA 2955

AMMONIAAMMONIAUREA

9,75,150

5145 16,97.850

KELLOG & HTAS

SNAMPROGETTI

AMMONIAAMMONIA“N” 2367 7,81,011

15

PHULPURUNIT

YEAR OF COMMISSIONINGINVESTMENT ` 651.6 Crore Aonla -I

1988

YEAR OF EXPANSIONINVESTMENT ` 954.7 Crore Aonla - II

1996

YEAR OF DEBOTTLENECKINGINVESTMENT ` 149.2 Crore

2008

CAPACITY TECHNOLOGY

MTPA

UREA 3,54,100

MTPD

PRODUCT

AMMONIAAMMONIAAMMONIA 3480

AMMONIAAMMONIAUREA

11,48,400

6060 19,99,800

HALDOR TOPSOE

SNAMPROGETTI

AMMONIAAMMONIA“N” 2788 9,19,908

16

AONLAUNIT

INVESTMENT ` 2237 Crore

TECHNOLOGY

UREA 3,54,100

AMMONIAAMMONIAPHOS.ACID 8,75,000

AMMONIASULPHURIC ACID 23,10,000

JACOBS ENG.

LURGI Gmbh

UREA 3,54,100

AMMONIAAMMONIAP O (Fert. Grades) 2 5 8,02,800 JACOBS ENG.

UREA 3,54,100

AMMONIAAMMONIA‘N’ 3,25,200

AMMONIAAMMONIAPOWER 2x55 MW

PRODUCTMTPA

CAPACITYPRODUCT

17

PARADEEPUNIT

39.5539.55

44.8744.87

84.4284.42

2011-12 2012-13 2013-14 2014-15 2015-16

45.1045.10

79.0279.02

32.0632.06

43.8043.80

75.8675.86

33.4433.44

41.2641.26

74.7074.70

39.8439.84

46.6846.68

86.5286.52

NPK/DAPNPK/DAP UREAUREA TOTALTOTAL

18

33.9233.92

(Lakh MT)(Lakh MT)

PRODUCT WISE PRODUCTIONPERFORMANCE

13.3213.32

2011-12 2012-13 2013-14 2014-15 2015-16

12.8912.89

11.4511.45

24.9824.98

11.7611.76

24.0424.0413.9313.93

27.58

P O2 5 N

19

26.9526.9526.1326.13

(Lakh MT)(Lakh MT)

NUTRIENT WISEPRODUCTIONPERFORMANCE

UNIT PLANTPLANT 2011-122011-12 2012-132012-13 2013-142013-14 2014-152014-15 2015-162015-16

AMMONIA 3.88 3.86 3.81 3.77 3.85KALOL

UREA 6.00 6.00 6.00 5.97 6.01

PHULPUR - IAMMONIA 3.93 4.04 3.85 3.34 4.32

UREA 7.02 6.73 6.52 5.78 7.58

PHULPUR - IIAMMONIA 6.69 2012-13 5.47 5.12 6.06

UREA 11.33 9.92 9.51 8.84 10.54

AONLA - IAMMONIA 6.06 6.34 6.34 6.09 6.52

UREA 10.66 10.92 11.03 10.47 11.33

AONLA - IIAMMONIA 5.78 6.67 6.23 5.92 6.44

UREA 9.87 11.53 10.74 10.21 11.23

PLANT 2011-12 2012-13 2013-14 2014-15 2015-16AMMONIA 26.34 26.53 25.70 24.24 27.19TOTAL

UREA 44.87 45.10 43.80 41.26 46.68

5.62

Contd...

(LAKH MT)

20

UNITWISE PRODUCTIONPERFORMANCE

(Lakh MT)

UNITUNIT PLANTPLANT 2011-122011-12 2012-132012-13 2013-142013-14 2014-152014-15 2015-162015-16

KANDLA

10:26:26

12:32:16

20:20:00

DAP

WSFs

NPK/DAP

NP

DAP

10:26:26

12:32:16

NP/DAP

MATERIAL

N

P O2 5

4.75

10.30

1.07

4.97

0.06

21.14

8.46

9.95

-

-

18.41

39.55

84.42

26.95

13.32

PARADEEP

TOTAL (KDL+PRD)

TOTAL FERTSNUTRIENTS

6.19

-

7.83

0.16

19.12

3.15

11.60

0.05

-

14.80

33.92

79.02

26.13

12.89

4.95

5.93

-

5.17

0.13

16.17

3.25

9.15

1.81

1.68

15.89

32.06

75.86

24.98

11.45

4.93

7.76

-

3.50

0.11

16.52

4.21

10.55

1.18

0.97

16.92

33.44

74.70

24.04

11.76

5.15

9.88

-

6.20

0.18

22.74

5.92

10.52

0.41

0.24

17.10

39.84

86.52

27.58

13.93

6.48

21

UNITWISE PRODUCTIONPERFORMANCE

UNITUNIT PLANTPLANT 2011-122011-12 2012-132012-13 2013-142013-14 2014-152014-15 2015-162015-16

KALOL UREA 110 110 110 110 110

PHULPUR -I PLANT 2011-12 2012-13 2013-14 2014-15 2015-16PLANT 2011-12 2012-13 2013-14 2014-15 2015-16UREA 101 96 93 83 109

PHULPUR -II UREA 113 99 95 88 105

AONLA-I UREA 107 109 110 105 113

AONLA-II UREA 99 115 107 102 112

KANDLA P2O5 78 75 61 59 84

PARADEEP P2O5 78 74 73 79 77

TOTAL N 102 99 95 91 105

P2O5 78 75 67 68 81

(%)

Revamped capacity with effective dates

22

CAPACITYUTILISATION

2011-122011-12 2012-132012-13 2013-142013-14 2014-152014-15 2015-162015-16

KALOL 5.935 5.824 5.757 5.751 5.687

PHULPUR -I PLANT 2011-12 2012-13 2013-14 2014-152011-12 2013-146.680 6.697 6.736 6.654 6.639

PHULPUR -II 5.574 5.716 5.668 5.637 5.569

AONLA-I 5.690 5.615 5.664 5.585 5.570

AONLA-II 5.578 5.372 5.499 5.359 5.308

KANDLA 5.824 5.764 5.797 5.714 5.695

ENERGY (Gcal/MT Urea)

KANDLA 0.279 0.285 0.322 0.377 0.349

PARADEEP 1.526 1.848 1.845 1.475 1.745

ENERGY (Gcal/MT P2O5 )

23

SPECIFIC ENERGYCONSUMPTION OF

UREA PLANTS

All IFFCO Units and townships have attractive landscape surrounded by thousands of trees.

IFFCO is committed to improve safety, health and environment in and around our plants in line with international norms.

More and more energy saving devices are being deployed in IFFCO premises allover India.

IFFCO Kalol Township is ISO 14001 certified for its Environmental Managemet System by Bureau Veritas Quality International.

24

COMMITMENT TOBETTER

ENVIRONMENT

Paradeep Unit has got ISO 14001:2004 and OSHAS 18001:2007 certificates from Bureau Veritas and Final certificate for Energy Management System ISO 50001:2011 from QS Zurich.

IFFCO has been laying continuous thrust on quality movement in all it functional areas.

The Kalol Unit has IMS for ISO 9001-2008 and ISO 14001-2004 and OHSAS 18001-2007 certified by Bureau Veritas Certification (India).

Kandla Unit has obtained OHSAS 18001:2007 certificate by M/s Bureau Veritas in 2014. K a n d l a To w n s h i p r e c e i v e d I S O 1 4 0 0 1 : 2 0 0 4 c e r t i f i c a t i o n .

Integrated Management System (IMS) has been implemented in Aonla Unit, which inc ludes cer t i f i ca t ions for In te rna t iona l S tandards ISO 9001:2008, ISO14001:2004+AC:2009 & OHSAS 18001: 2007 by QS Zurich AG, Zurich.

Aonla Unit, has been certified for International Standard ISO 50001:2011 by QS Zurich AG, Zurich, for i ts Energy Management System and ISO 26000:2010 for excellent efforts towards Social Responsibility.

ISO CERTIFICATION

25

QUALITYMANAGEMENT/CERTIFICATION

26

SALES AND

MARKETING

Marketing Division of IFFCO achieved highest ever sale of 130.24 lakh MT of fertilisers during 2015-16. Previous best sale achievement was 125.88 lakh MT in 2010-11.

Society sold highest ever 78.70 lakh MT of Urea during 2015-16.Previous best was 71.91 lakh MT in 2014-15. 51.54 lakh MT of NP/NPK/DAP/WSFs was also sold during 2015-16. Best sale of NP/NPK/DAP/WSFs etc was 57.65 lakh MT achieved during 2010-11.

27

SALESPERFORMANCE

State level Apex Cooperative Marketing Federation acts as wholesaler

Direct supplies to Societies in some States

IFFCO-NCDC Cooperative Societies

Small quantities to Institutional agencies like Agro Industries Corporation etc

163 IFFCO Farmers Service Centres

Both by Rail (92.5%) and Road (7.5%)

Federations & Cooperative Godowns

Central Warehousing Corporation (CWC)

State Warehousing Corporation (SWC)

TRANSPORTATION

Distribution of fertilisers mainly through the Cooperative System:

WAREHOUSING

28

MARKETING CHANNELSDISTRIBUTION & WAREHOUSING

2011-122011-12 2012-132012-13 2013-142013-14 2014-152014-15 2015-162015-16

KALOL 6.0 6.00 6.00 5.96 6.01

PHULPUR

PLANT 2011-12 2012-13 2013-14 2014-15PLANT 2011-12 2012-13 2013-14 2014-1521.37 18.88 16.17 16.35 22.41

18.32 16.65 15.35 15.31 18.02

AONLA 20.52 22.39 21.82 20.67 22.46

18.45 14.78 15.54 17.29 17.01

KANDLA

84.66 78.70 74.88 75.58 85.91

PARADEEP

40.79 18.50 24.26 33.95 45.22

WSFs - - - 0.21 0.31

125.45 97.20 99.14 109.75 131.44

(Lakh MT)

TOTAL

SUB TOTAL

IMPORTED

29

DESPATCHES OFFERTILISERS

2011-12

54.0054.00

67.8867.88

121.88121.88

2012-13 2013-14 2014-15 2015-16

38.2238.22

62.3262.32

100.54100.54

30.8230.82

65.6065.60

96.4296.42

39.3739.37

71.9171.91

51.5451.54

78.7078.70

130.24130.24

NPK/DAPNPK/DAP UREAUREA TOTALTOTAL

(Lakh MT)

30

111.28111.28

SALESPERFORMANCE

(Lakh MT)

2011-122011-12 2012-132012-13 2013-142013-14 2014-152014-15 2015-162015-16

44.77

23.11

67.88

10.71

7.91

10.09

28.71

14.19

10.99

25.18

0.10

54.00

121.88

16.84

62.32

4.81

5.30

6.14

16.25

19.66

2.15

21.81

0.15

38.22

100.54

45.48

22.33

65.60

2.99

6.25

7.30

16.54

12.74

1.33

14.08

0.20

30.82

96.42

43.27

30.06

71.91

4.47

6.79

8.92

20.18

15.60

3.32

18.92

0.27

39.37

111.28

41.48

33.10

78.70

5.70

6.80

9.97

22.47

16.58

12.24

28.82

0.25

51.54

130.24

45.60

PRODUCTPRODUCT

UREA

OWN

IMPORTS

TOTAL

20:20:0:13

10:26:26

12:32:16

NP/NPK

DAP

OWN

TOTAL

OWN

IMPORTS

OWN

TOTAL

WSFs/ZNS04

NP/NPK/DAP TOTAL *

TOTAL FERTS

* includes imported NP/NPK/DAP, WSFs and ZnSO4

31

TOTAL

SALESPERFORMANCE

32

9.33 10.52 7.03 10.00

* 2 vessels of NP transferred to Kandla Unit

23 25 16 23

6.58 11.23 26.72 20.39

13 23 45 34

1.73 1.35 3.35 12.29

04 03 09 24

- - - -

- - - -19

17.64 23.10 37.10 42.6842.55

40 51 70 81

OMIFCO UREA

NO. OF VESSELS

UREA(GOIA/C)

NO. OF VESSELS

DAP

NO. OF VESSELS

NP/NPK

NO. OF VESSELS

TOTAL FERTS

NO. OF VESSELS

6.77

103

24

11.44

33

13.83

27

10.51

PARTICULARSPARTICULARS 2012-132012-13 2013-142013-14 2015-162015-162011-12*2011-12* 2014-152014-15

(Lakh MT)

HANDLINGOF IMPORTED

FERTILISERS

33

FINANCIALPERFORMANCE

2011-122011-12 2012-132012-13 2013-142013-14 2014-152014-15 2015-162015-16

TURNOVER 26150.66 22210.78 21382.13 25379.40 30400.65

PROFITAFTER TAX

PLANT 2011-12 2012-13 2013-14 2014-15PLANT 2011-12 2012-13 2013-14 2014-151017.78 1107.43 407.78 1039.46 1019.89

772.18 728.72 318.81 646.87 705.50

SHARE CAPITAL 425.80 425.88 425.78 424.98 424.39

5219.57 5855.31 6084.34 6471.05 7087.26

PROFITBEFORE TAX

5645.37 6281.19 6510.12 6896.03 7511.65

RESERVES & SURPLUS

1300.16 1470.37 1691.53 1811.10 1783.54

(` Crore)

NET WORTH

INVESTMENTS

PARTICULARSPARTICULARS

34


35

PBTPBT PATPAT

1017.781017.78

772.18772.18

2011-12 2012-13 2013-14 2014-15 2015-16

728.72728.72

407.78407.78

318.81318.81

1039.461039.46

646.87646.87

1019.891019.89

705.50705.50

1107.431107.43

( ` Crore)

PROFITBEFORE TAX ANDPROFIT AFTER TAX

( ` Crore)

2615126151

56455645

2011-12 2012-13 2013-14 2014-15 2015-16

62816281

2138221382

65106510

2537925379

68966896

3040130401

75127512

2221122211

TURNOVERTURNOVER NETWORTHNETWORTH

36

TURNOVER ANDNETWORTH

CRISIL assigned the Governance and Value Creation “CRISIL (GVC) Level 2”rating to the Society’s Governance practices. This GVC rating indicates the capability of the Society to create wealth for all its stakeholders while adopting sound corporate governance practices. It reflects sound Board Practices and interactive decision making process.

CRISIL rated the Society’s Working Capital Fund and Non-Fund BasedFacilities / Short Term Loans at A1+ (A One Plus) and Long Term Borrowings(Fund Based Limits) at AA- / Positive rating, which indicates very strong degree of safety regarding timely payment of financial obligations. Such instruments carry lowest credit risk.

CRISIL RATINGS

37

CREDIT RATINGS ASSIGNED TO

IFFCO

CARE assigned A1+ (A One Plus) rating to Society’s Working Capital Fund andNon-Fund Based Facilities / Short Term Loans and AA (Double A) rating to Long Term Borrowings (Fund Based Limits), which indicates very strong degree of safety regarding timely payment of financial obligations. Such instruments carry lowest credit risk.

CARE RATINGS

38

CREDIT RATINGS ASSIGNED TO

IFFCO

39

HUMAN RESOURCES,FARMERS DEVELOPMENT

PROGRAMMES ANDWSFs/BIO FERTILISERS



During 2015-16, the focus on systematic and well-planned in-house learning and development effort was made, which has helped the employees in acquisition of latest management conceptsand technical skills. IFFCO’s emphasis is on optimum utilization of human resource & leveraging full potential of the available talent as well as the technology. Tailor-made programmes were organised for developing leadership competencies among employees at all levels so that they can steer the Society in a volatile and competitive environment. The major thrust has been ondeveloping skills like critical thinking, problem solving, effective communication, creativity, collaboration and team building.

The experiential learning through shadowing, mentoring and job rotation programmes have accelerated learning process and ensured its appropriate application at the work place. The rapid digitization of workflows and new technological interventions has contributed significantly in enhancing employee productivity and performance.

Members of cooperative societies from India and abroad participated in workshops organized at FMDI, Gurgaon, with the objective of sensitizing them with government policy on fertilizer and subsidy, products and services of IFFCO-KISAN and IFFCO-TOKIO for farmers, IFFCO’s extension and promotional programmes, marketing of agro chemical products etc.

40

HUMAN RESOURCE

IFFCO’s Farmers Development Programme (FDP) is its commitment to contribute to sustainableeconomic development of farmers to improve their quality of life in ways that are also good for IFFCO. Its FDP strategy, inter-alia, advocates and participates in the initiatives for preservation of the environment. In its endeavor to discharge its responsibility, Society has undertaken activities in the areas of Community Development, Environment Protection & Horticulture, Health Care/Medical facilities and Literacy enhancement/Empowerment programmes. During the current financial year, Society incurred an amount of ` 33.40 Crore on various Farmers Development activities, which are broadly as under:

The Village Adoption Programme was initiated by IFFCO with the objective of bringing about overall socio economic development in rural areas, with particular emphasis on agriculture with balanced use of fertilizers, quality seeds and better farm management. Various promotional, social and community development programmes, medical and veterinary check-up campaigns, training programmes for rural women etc., were organized in 373 adopted villages during the current year.

Village Adoption

41

FARMERS’DEVELOPMENT

PROGRAMME (FDP)

Various promotional and extension programmes were organized with focus primarily on improvingsoil health, promoting balanced and integrated use of fertilizers to improve N:P:K consumptionratio, educating farmers about the latest agro technology so as to enhance crop productivity through efficient use of fertilizers, water conservation and there by promoting sustainable agriculture.

IFFCO has continued, “Save the Soil” campaign with emphasis on Soil Rejuvenation and Crop Productivity Enhancement by undertaking various activities viz. soil testing, reclamation of problematic soils, On Farm preparation of organic manure viz. FYM, vermi compost, phospho-sulpho-nitro-compost; crop diversification, introduction of pulses in cropping system, etc.

Promotional Programmes and Farmers Extension Activities

Save the Soil Campaign

42


PROGRAMME (FDP)

The Society had instituted 18 IFFCO Chairs at Agricultural Universities/ Cooperative Institution in thedisciplines of Agronomy, Soil Science, Agro Economics, Agricultural Extension, Cooperation andFertiliser Technology to provide a link in the areas of research, education and extension. The guidance of IFFCO Chair Professors is sought in the areas of promotional programmes based on research with thrust on current issues in agriculture.

The Trust undertakes a variety of activities to assist poor and needy farmers providing medical assistance by organising Eye Camps, free Health Checkup Camps, Financial assistance to Rural Hospitals for distribution of medicines to farmers, providing medical equipment, arranging for blood through the Red Cross Society and financial assistance to various hospitals for the treatment of poor farmers. During the year, the Trust spent ` 1,76,11,751 towards its activities for providing critical medical assistance to patients.

IFFCO Chairs in Agriculture Universities

IFFCO Kisan Sewa Trust (IKST)

43

Contd...


PROGRAMME (FDP)



During the year, the Trust spent 22,02,185 towards scholarships under "Shri Surinder Kumar Jakhar Scholarship" to 34 students belonging to the families of small and marginal farmers.The Trust also released financial assistance of ` 19,98,000 for Farmers in Distress due to Drought / Unseasonal Rain. In Nov.2015 during unusual rainfall in Chennai, the trust spent ` 1,00,08,805 towards Relief material in Tamil Nadu.

`

IFFCO Foundation has been undertaking diverse activities such as Creation of Medicinal & AromaticPlant Hub in Shimla, (Himachal Pradesh), Women empowerment, Gender Equity and equality, arranging workshops for IFFCO RGB members on Strengthening of Cooperatives, Promotion of Folk Art and Culture. It has developed a concept of Resource-based farming systems with a view to increase the productivity of farm produce, employment generation, awareness about new agro technology, skill development, food and nutritional security etc.

IFFCO Foundation

44


PROGRAMME (FDP)


IFFCO had promoted a separate Multi-State Cooperative Society named 'Indian Farm ForestryDevelopment Cooperative Limited' (IFFDC) in 1993 with the prime objective of development of wasteland for tree plantation and to enhance the socio-economic status of rural poor through sustainable Natural Resource Management by collective action. To achieve this, IFFDC initially implemented afforestation and rural development projects in the States of Uttar Pradesh, Madhya Pradesh and Rajasthan with an objective to improve degraded land, generate employment and provide fuel and fodder to the community.

Presently , IFFDC is implementing over 25 projects on livelihood and Natural Resources Managementin about 9,490 villages across 12 States and Watershed Projects on 15,661 ha area. Under various projects, IFFDC is nurturing 1934 Self Help Groups with a total membership of 21,942 of which 92% are women members.

IFFDC is also involved in Seed Production and Multiplication Programmes.

Indian Farm Forestry Development Cooperative Limited (IFFDC)

45


PROGRAMME (FDP)



Agricultural Extension and fertiliser use promotion programmes are an integral part of the marketing activity. Programmes are conducted through Area/State/Zonal officesunder able guidance of agricultural scientists.

Balanced Fertilisation programmes

Adoption of villages for all round socio-economic developmentFarmers visit to various agricultural institutes and research farms

Farmers’ Meetings, Field Days and Crop SeminarsStatic/Mobile Soil Testing Laboratories with Audio-visual aids

Programmes Undertaken Are :

46

SERVICE TO FARMERS

Supply of fodder in drought prone areas

Veterinary Checkup and Distribution of Medicines

Human Health Checkup and Distribution of Medicines

Providing drinking water facilities

Assistance to School / School children

Watershed development projects

Other Social Activities/Development Programmes include :

47

SERVICE TO FARMERS

19751975ANNUAL CAPACITY

KALOL300 MT Bio Fertilisers

100000 litre Liquid Bio Fertilisers

PHULPUR

Farmers’ Training

Soil Testing

Production of Bio Fertilisers

Demonstration Farming

Seed Multiplication

PROMOTED BY IFFCO

Activities of CORDET

1000 MT Bio Fertilisers

125000 litre Liquid Bio Fertilisers

48

(As on 31.03.2016)

COOPERATIVES RURALDEVELOPMENTTRUST(CORDET)

49

INFORMATION AND COMMUNICATION

TECHNOLOGY

Very competitive IT team who has developed various business applications in the area of HR,Marketing, Finance, Transportation, Production etc and also giving support on ERP modules.

Upgraded our Data Center at Delhi with latest P8 Series Servers, Flash Storage and San Switches.

Established Disaster Recovery(DR) Site at tier-IV Data Centre, Hyderabad with Recovery Point Objective (RPO) of 10 Min and Recovery Time Objective (RTO) of 2 Hour.

Redundant Multiple MPLS Virtual Private Network (VPN) links connecting all plants and Marketing offices up to Area office level of IFFCO.

Extensive usage of Video conferencing nationally and internationally.

Successfully rolled out Oracle e-business suite (ERP) in the area of Finance and Materials with seamless integration with other legacy business applications. ERP and Oracle Database has been upgraded to latest version.

50

MAJOR ICT ACTIVITIES

Rolled out almost Fifteen workflow applications using latest ADF Technology.

Introduced sending promotional and stock availability SMS in Hindi to farmers by field staff/FSCs.

Implementation of Biometrics Attendance Recording System in Plants, Corporate office ,State Office and Area Offices.

Rolled out Cooperative Information Portal for member Cooperative Societies.

IFFCO Sadan building is now WIFI enabled.

Launched IEBT web portal for IFFCO retired employees.

51

MAJOR ICT ACTIVITIES

52

IFFCO WIDE AREA NETWORK

(WAN)

53

AWARDSRECEIVEDBY IFFCO

IFFCO is the 1st Indian entity to receive the “Protect & Sustain Roll of Honor” recognition byInternational Fertiliser Association (IFA), Paris.

The headquarter of IFFCO known as ‘IFFCO Sadan’ located in Saket, New Delhi has been awarded Gold LEED Certification by the prestigious environmental body US Green Building Council.

Shri A Roy, Marketing Director was presented Shriram Awards in Marketing discipline by the Fertilizer Association of India.

FAI’s Award for application of Information and Communication Technology ( ICT Award) was received by Shri M R Patel, Director (IT Services) and Shri Yogendra Kumar, Jt.GM(M).

IFFCO’s video film on sugarcane mulching bagged the second prize at the annual competition conducted by FAI.

Informative and educative article written in Khad Patrika by IFFCO officials were also rewarded by FAI.

HONOURS and AWARDS bestowed on IFFCO during 2015-16

54

MAJOR AWARDSRECEIVED

DURING 2015-16

IFFCO plants also received awards and recognition as mentioned below :

16th Greentech Environment Gold Award -2015

14th Annual Greentech Safety Gold Award – 2015

“Gujarat State Safety Award- 2014

IFA Product Steward Excellence Certification under IFA Protect & Sustain Product Stewardship Programme

KALOL UNIT

55


DURING 2015-16

FAI Best Technical Innovation award 2014-15 on Effective Utilization of Heat Energy.

IFA Product Steward Excellence Certification under IFA Protect & Sustain Product StewardshipProgramme.

16th Annual Greentech Environment Award-2015 (Silver Award).

5thAnnual Greentech HR Award-2015 (Silver Award)

Received Gujarat State Govt. Award of “Shram Shree” for the year 2014-15 for implementation of Technical Innovation

Won runner-up shield from Gujarat Safety council for maintaining Lowest Disabled Injury index (DII) for the year 2014.

Declared “Best Unit for excellence in Suggestion Scheme” for the year 2014-15 at the inter-unit creativity meet held at FMDI in June-2015.

KANDLA UNIT

56


DURING 2015-16

FAI Safety Award for excellence in safety for the year 2014-15.

FAI Environment Protection Award in Nitrogenous Fertiliser.

"Product Steward Excellence" certification by IFA under IFA Protection & Sustained Product Stewardship Programme.

14th Annual Greentech Safety Gold Award -2015

National Energy Management Award 2015 from Confederation of Indian Industry (CII)

16th Greentech Environment Silver Award-2015.

Won the first prize of 9th Inter Unit Cultural Festival 2015.

PHULPUR UNIT

57


DURING 2015-16

National Energy Management Award-2015

14th Annual Greentech Safety Platinum Award-2015

FAI Environment Protection Award -2015 (Joint Winner)

16th Greentech Environment Gold Award-2015


National Energy Conservation Award 2015 for Aonla-II from Government of India.

National Safety Award -2013 from Directorate General Factory Advice Service & Labour Institutes (DGFASLI), Ministry of Labour & Employment, Government of India.

AONLA UNIT

58


DURING 2015-16

FAI Environment Protection Award 2015 for fourth consecutive year.

Greeentech Safety Gold Award 2015

Greentech Environment Platinum Award 2015

"Kalinga Safety Gold Award 2014


CII 16th National Award -2015 for Excellence in Energy Management

State Safety Awards for years 2011 & 2013, organized by Directorate of Factories & Boilers, Government of Odisha for :

Longest Accident Free Period During Performance Year - 2013: 1st Prize.

Longest Accident Free Period During Performance Year - 2011: 3rd Prize.

PARADEEP UNIT

59


DURING 2015-16

60

IFFCO GROWTHAND

JVs/ ASSOCIATES

AS ONPRODUCTION(000 MT)

SALES(000 MT)

TURNOVER(` crore)

NETWORTH(` crore)

01.04.1995(Before)

31.03.2000(During Vision 2000)

31.03.2005(DURING Mission 2005)

31.03.2010( 2010)During Vision



2935.6

5275.6

8197.8

6153.7

7470.4

8651.6

3216.3

5172.1

11826.5

6464.5

11128.0

13024.0

2095.00

4744.30

17650.12

7492.22

25379.40

30400.65

1219.00

2386.73

4270.50

3301.15

6896.03

7511.65

61

IFFCOS’GROWTH

2011-122011-12

2011-122011-12

JV’s / Subsidiaries / AssociatesIFFCO’s Equity

(` crore)IFFCO’s Equity

(` crore)% OFEQUITY

Industries Chimiques du Senegal (ICS) 62.16

Indian Potash Limited (IPL)

IFFCO TOKIO General Insurance Company Ltd. (IFFCO TOKIO)

Oman India Fertiliser Company SAOC

National Commodity and Derivative Exchange Ltd. (NCDEX)

IFFCO Chhattisgarh Power Ltd. (ICPL)

Kisan International Trading FZE

Jordan India Fertiliser Company LLC

IFFCO Kisan Sanchar Ltd. (IKSL)

IFFCO Kisan SEZ Ltd.

IFFCO Kisan Bazar and Logistics Ltd.

IFFCO Farm Forestry Development Cooperative Limited

IFFCO –MC Crop Science Private Limited

IFFCO eBazar Limited

2.68

394.58

329.08

23.44

148.00

1.20

605.12

3.65

126.43

56.65

12.54

12.75

2.00

6.78

33.99

72.64

25.00

10.00

74.00

100.00

27.00

72.99

100.00

100.00

95.13

51.00

100.00

Industries Chimiques du Senegal (ICS)

(As on 31.03.2016)

Contd...

62

INVESTMENTS(At Cost)

In the year 1993, IFFCO initiated major Expansion Projects for all the four operating unitsby setting up new plants or by way of expansion of existing plants

By the year 1999, all the four projects of IFFCO were completed at a cost of 2500 crore without any cost and time overrun

`

Investment to the equity capital were made from internal resources of the Society

Production capacity of the Society was doubled

Aonla project completed ahead of schedule in Dec 1996 at a cost of 955 crore Commercialproduction started from 25.12.1996

`

Kalol Ammonia and Urea Plants Revamped in August 1997 at an investment of 150 crore`

Phulpur Expansion Project completed in December 1997 within 32 months from the zero date at an investment of ` 1190 crore. Commercial Production started from 22.12.1997

Kandla Expansion completed at a Project cost of 205 crore and commercial productionstarted on 5.8.1999, 77 days ahead of schedule

`

63

INVESTMENT FORCAPACITYINCREASE

Energy Saving Project (ESP) – I & II completed in 2005/06 at all Ammonia and UreaPlants of Kalol, Phulpur and Aonla Units with total investment of ` 412 Crore (USD 90 Million).

Capacity Enhancement Project (CEP) completed in 2008 to increase Urea capacity to 42.42 lakh tonne from 36.89 lakh tonne with total investment of ` 369 Crore (USD 88 Million).

Acquired NPK/DAP Plant of 2 Million MTPA at Paradeep along with Phosphoric Acid and Sulphuric Acid plant at a cost of USD 505 Million in October 2005.

Energy Saving Project (ESP) – III under implementation in Ammonia and Urea plants of Kalol, Phulpur and Aonla units at a cost of ` 1868 crore (USD 310 Million), and at Paradeep unit at a cost of ` 127 crore (USD 20 Million).

64

INVESTMENT FORCAPACITYINCREASE

IFFCO Tokio has completed 15 years of successful operations while continuing to maintain its position as the third largest private sector General Insurance Company in India with a market share of 4.04%.

The total paid up capital of IFFCO-TOKIO as on 31st March, 2016 was 269.32 Crore,

comprising of ` 195.64 Crore (72.64%) contributed by IFFCO, ` 3.66 Crore (1.36%)

contributed by Indian Potash Limited and ` 70.02 Crore (26.00%) contributed by Tokio Marine Asia Pte Limited.

`

During the financial year 2015-16, IFFCO-TOKIO recorded a Gross Written Premium of

` 3762.40 Crore and Profit before Tax of ` 239.90 Crore.

For Farmers and Rural populance, IFFCO-TOKIO has launched many insurance products like Sankat Haran Bima Yojna, Janta Bima Yojna, Jan Suraksha Bima Yojna, Mahila Suraksha Bima Yojna, Fasal Bima Yojna, Pashu Dhan Bima Yojna etc. and provided timely support through insurance claims.

65

IFFCO-TOKIOGENERAL INSURANCE

CO.LTD


The Company also participated in the Weather Based Crop Insurance Scheme (WBCIS) of Government of India in notified districts to insure the farmers against loss of productivity due to adverse weather conditions.

IFFCO-TOKIO also participated in the Government Sponsored Health Schemes like Rashtriya Swasthya Bima Yojna (RSBY) to extend health insurance to below poverty line (BPL) families.

In order to increase its penetration into rural markets and deliver insurance at the doorstep of the rural populace, IFFCO TOKIO is working aggressively to sell its specialised products through IFFCO cooperatives network and Government sponsored E-Governance agency “CSC-SPV”.

The unique policy ‘Sankatharan Bima Yojna’, which is linked to the purchase of fertiliser bags from the Co-operative Society and sponsored by IFFCO has entered into its 16th year.

The Sankatharan Bima Yojna has covered approximately 155.34 lakhs farmers & disbursed

about ` 95.29 Crores in claims since its launch in September, 2001.

66

IFFCO-TOKIOGENERAL INSURANCE

CO.LTD

Society’s subsidiary, IFFCO Kisan Sanchar Limited (IFFCO Kisan), continued to provide useful and relevant information to its subscribers that can help them in improving their farm income and living.

Due to improvement in content of voice messages, Average Listening Duration (ALD) of the messages increased from 43.2 seconds in March, 2015 to 44.0 seconds in March, 2016.

During the period, over 42,500 individual Subscribers were given actionable solution to theirfield problems. 611 farmers club were formed by the content team to develop better field engagement with rural community.

Government of Odisha provided SIM cards to one lakh additional fishermen during the year through IFFCO-Kisan. With this total of 3 lakh fisherman are covered with voice message from IFFCO-Kisan containing information of relevance in Oriya, which was well appreciated.

67

IFFCO KISAN SANCHAR LTD (IFFCO KISAN)

Services are also extended Self Help Group Members of Bihar Rural Livelihoods Project (JEEVIKA) and farmers & extension workers of Bihar Agriculture Management Extension & Training Institute (BAMETI).

The ICT infrastructure of IFFCO-Kisan was moved to a Cloud environment for efficient management of IT services.

A Farmers Friendly Mobile App “IFFCO Kisan” (for Android and IOS phones) has been developed to provide customized and personalized advisory and information services. The mobile app is designed to address the specific information requirements of farmers related to weather, agriculture, animal husbandry, market information and other areas of interest to them.

Many new and Innovative feature like “Market Place” to facilitate farmers to advertise their agriculture commodities along with quantity and desired price and to contact the prospective buyers directly so that farmers may receive better price.

68


The Kisan Call Centre Service (KCC) managed by IFFCO Kisan, on behalf of Department of Agriculture and Cooperation (DAC) under Ministry of Agriculture and Farmer Welfare, Govt. of India for 4 years. Calls from all states and Union Territories are being addressed at 14 locations by about 565 Farm Tele Advisors (FTAs). More than 8 lakh calls per month were received of which 71% of the calls were answered with the approved strength of FTAs by Government.

The turnover of IFFCO Kisan during the year 2015-16 was 330 Crore, compared

to ` 308 Crore during 2014-15, with a provisional Profit before Tax at 8.50 Crore

in 2015-16 as against ` 10.12 Crore in the previous year. IFFCO Kisan released a dividend @20% of equity during the year to its shareholders based on its operations during 2014-15.

``

69


NCDEX is a nation-level, technology driven de-mutualised on-line commodity exchange with an independent Board of Directors and professional management and institutional shareholders.

IFFCO holds 10% in the total paid up equity Share Capital of NCDEX.

NCDEX offers 27 commodities contracts, which include 21 agricultural commoditiescontracts, 3 bullion commodities contracts, 2 metals commodities contracts and 1 commodity contract in energy sector.

NCDEX has over 399 trading cum clearing members, 176 trading members, 9 Strategic Trading cum Clearing Members and one Professional Clearing member.

NCDEX has accredited more than approximately 417 warehouses, with a storage capacity of about 23.0 lakhs MT for storage and delivery of commodities traded onits platform.

70

NATIONALCOMMODITY AND

DERIVATIVE EXCHANGE (NCDEX)

NCDEX has approved 77 COMTRACK participants, 12 clearing banks for ensuring smooth operations, clearing and settlement of trades put through by its trading andclearing members.

The Average Daily Traded Value (ADTV) increased under 12% from 3545 Crore in

2014-15 to ` 3967 Crore in 2015-16.

`

71

NATIONALCOMMODITY AND

DERIVATIVE EXCHANGE (NCDEX)

IFFCO holds an investment of 2.68 crore in Indian Potash Limited (IPL) with equityholding at 33.99% in the paid up equity share capital of IPL.

`

IPL is primarily engaged in the trading of imported potassic, phosphatic and nitrogenous fertilisers. It has also diversified into the Dairy and Sugar business.

During the year 2014-15, the company achieved a sales turnover of 15,542 Crore. `

IFFCO received a dividend of 1.22 Crore from IPL for the year 2014-15.`

72

INDIANPOTASH

LIMITED (IPL)

Indian Farmers Fertiliser Cooperative Limited (IFFCO) has joined hands with the major global player in agrochemicals business, Mitsubishi Corporation, Japan, to form a Joint Venture Company “IFFCO-MC Crop Science Pvt. Ltd.”

To make available good quality insecticides, fungicides and weedicides at reasonable price even in far flung areas of India, joint venture intends to leverage on the synergy between IFFCO, which already has a strong presence in fertiliser market in the country and Mitsubishi Corporation, Japan, who have expertise in agrochemical business internationally.

The Joint Venture Agreement (JVA) of the new company was signed on 30th July 2015 and the company was incorporated on 28th August 2015. The company has an equity participation of 51% from IFFCO and 49% from Mitsubishi Corporation.

73

IFFCO- MC CROPSCIENCE PVT LTD.

(IFFCO-MC)

Company started operations from Rabi 2015-16 in 10 states and planned to spread its operations pan India within a year.

Initially, 18 products were launched by the company covering the three major categories of pesticides viz., herbicides, insecticides and fungicides.

The product basket is planned to be expanded during 2016-17 covering more number of pesticides as well as more categories of agrochemicals like plant growth promoters and special fertilisers.

74

IFFCO- MC CROPSCIENCE PVT LTD.

(IFFCO-MC)

Multi-Product SEZ is being developed in Nellore, Andhra Pradesh by IFFCO Kisan SEZ Limited (IKSEZ), a wholly owned subsidiary of IFFCO.

An MOU has been signed with the subsidiary of a Spanish company on 28.12.15 for setting up a unit over 150 acres of land for the manufacturing of wind turbines in Domestic Tariff Area (DTA).

Lease Deed for 50 acres land in DTA (Denotified from SEZ) was signed and registered by Hindustan Coca-Cola Beverages Pvt Ltd. (HCCB) for setting up of Non-Alcoholic Beverages Unit.

The Board of Central Rail side Warehouse Company Ltd. (CRWC) has approved the proposal to set up a warehouse and cold storage in 10 acres of land initially under JV with IKSEZ and IPL.

75

IFFCOKISAN SEZ LTD.

(IKSEZ)

Lease deed has been signed with APTRANSCO for setting up 220KV substation on 10 acres of land for assured supply up to 100 MW uninterrupted power to IKSEZ units.Processed red chillies were exported from the operational unit.

The Infrastructure development activities like Water Pipeline, Construction of Project Office Building, Power Distribution Work, and partial development of green belt are completed.

Discussions with reputed companies are in progress for setting up of Footwear Manufacturing, Automotive Steel Manufacturing Facility, Solar Power Project.

As a part of corporate social responsibility, 575 domestic gas connections were distributed in Racherlapadu and Regadichilaka villages.

76

IFFCOKISAN SEZ LTD.

(IKSEZ)

IFFCO Kisan Bazar and Logistics Limited (IKBLL) is a wholly owned subsidiary of IFFCO. IKBLL is functioning as a Special Purpose Vehicle for Building, Operating and Managing the Captive Barge Jetty at Kandla.

IKBLL has commenced commercial operations at the Barge Jetty on 16th November, 2013.

The Company made a Net loss of 13.75 lakhs in the year 2014-15. The estimated

Net profit for the current year is at ` 20.89 lakhs.

`

During the year Company commissioned three Godowns with the total capacity of 35000 MT in the month of October 2015. The same are being utilized for Cargo storage, as and when required, to facilitate unloading.

The total captive cargo handled (Potash, DAP and Urea) at the Barge Jetty increased to 13.18 lakh MT for the year 2015-16 as compared to 9.98 Lakh MT for the previous year 2014-15. The Captive cargo as per planned figures to be handled for the year 2016-17 is estimated at 13.07 lakh MT.

77

IFFCO KISANBAZAR AND LOGISTICS

LIMITED (IKBLL)

IFFCO eBazar Ltd. was set up in 2015-16 with the objective of providing goods and services required by farmers under one roof.

The company will also pursue in eCommerce based module to facilitate trade between rural and urban producers and consumers

78

IFFCOeBAZAR LTD.

Oman India Fertiliser Company (OMIFCO) is a Joint Venture Company in Oman in

which Society invested an amount of ` 329 Crore to acquire 25% equity stake.

OMIFCO operates a modern World scale two-trains of Ammonia-Urea fertilizer complexhaving an installed capacity of 1.65 Million MT Urea and 0.25 Million MT surplus Ammoniaat the Sur Industrial Estate in the Sultanate of Oman.

The cumulative production of Urea and Ammonia since inception has reached 20.3 million MT and 13.5 million MT, respectively.

During the year ended 31st December 2015, OMIFCO sold 2.12 Million MT Urea, 0.14 Million MT surplus Ammonia with its revenues at US $ 319 million (Previous Year US $278 million) and Profit after Tax at US $ 31 Million (Previous Year US $32.7 million).

79

OMAN INDIAFERTILISER

COMPANY (OMIFCO)

IFFCO received dividend of US $ 15.0 Million from OMIFCO during the year.

During the year, OMIFCO was awarded the Oman Chamber of Commerce & Industry Award for Social Responsibility in recognition of its excellent efforts in the field of CSR and Community investment in Oman.

81

OMAN INDIAFERTILISER

COMPANY (OMIFCO)

Kisan International Trading FZE (KIT) is a wholly owned subsidiary of IFFCO. KIT has completed its 11th Financial Year of operations on 31st March 2016.

KIT was set up as an international trading arm of IFFCO primarily to handle imports, exports and logistics support for various finished fertilisers, fertiliser raw materials and intermediatesto meet the demands of IFFCO’s customers and manufacturing facilities in India.

It has developed excellent business linkages with leading manufacturers, direct sellers and trade entities worldwide and has evolved as a reputed international trading company in the highly competitive fertiliser business.

KIT also supports IFFCO in identifying, investing and developing overseas Joint Ventures. KIT undertakes logistics for transportation of Ammonia to IFFCO from various sources.

81

KISAN INTERNATIONAL

TRADING FZE (KIT)

KIT has made strategic investments with a view to secure mineral resources overseas and to procure finished fertiliser products from overseas Joint Ventures to meet the demand of IFFCO’s customers.

Since inception, KIT has been a profitable establishment. For the year ending

31st March 2015, it paid a dividend of ` 17.58 Crore to IFFCO.

82

KISAN INTERNATIONAL

TRADING FZE (KIT)

Jordan India Fertilizer Company (JIFCO) is a Joint Venture Company incorporated in Amman, Jordan in which IFFCO (27%) and KIT (IFFCO’s Wholly Owned Subsidiary) (25%) together hold 52% equity, while JPMC holds 48% equity.

The Company has implemented a Phosphoric Acid Production Complex with associated facilities at Eshidiya in Jordan having the annual capacity to produce 4,75,000 MT of P O2 5

per annum. The plant was dedicated to Jordan by Hon’ble President Mr. Pranab Mukherjee and His Majesty King Abdullah II of Jordan on October 10, 2015.

Pursuant to the long term Rock Supply Agreements, JPMC is supplying the Rock Phosphate for the Project and KIT is purchasing the majority of Phosphoric Acid (minimum 70%) produced under a long term Phosphoric Acid Off-Take Agreement.

International Finance Corporation (IFC) and European Investment Bank (EIB) are Senior Lenders for the project.

For the year 2015, JIFCO produced 3,42,194 MT of Phosphoric Acid in terms of P O .2 5

83

JORDANINDIA FERTILISER

COMPANY (JIFCO)

Industries Chimiques du Senegal (ICS) has the capacity to produce 6,60,000 MT of Phosphoric Acid (P O ) per year. 2 5

In context of a long term development plan for increasing production capacity as well as to strengthen the Company, financial restructuring process was taken up in August, 2014. Based on the revival plan proposed by Indorama Holdings B.V. Netherlands, it was agreed that Indorama would be inducted as a majority shareholder in ICS, with equity shareholding of 78%. Consequently, on account of induction of Indorama in August, 2014, the equity shareholding of IFFCO reduced from 18.54% to 6.78%, Government of India’s shareholding reduced from 0.46% to 0.22% while the shareholding of Government of Senegal remained same at 15%.

The rehabilitation of facilities and production has been started and is scheduled to be completed by year 2016, which will facilitate steady supply of Phosphoric Acid to IFFCO.

For the year 2015, ICS exported 2,38,007 MT of Phosphoric Acid in terms of to IFFCO.P O2 5

84

INDUSTRIES CHIMIQUES DU SENEGAL (ICS)

85

VISION FORTHE FUTURE

In pursuit of its growth and development, IFFCO had embarked upon and successfully implemented its Corporate Plans, ‘Mission 2005’, ‘Vision 2010’ and ‘Vision 2015’. These plans have resulted in IFFCO becoming the largest manufacturer and distributor of Chemical Fertilisers in India and a significant global player by setting up Projects and Joint Venture Companies overseas.

Achieving specific targets for Energy Saving through modernization of existing plants.

Manufacture of new Fertiliser products, setting up Agro-processing Units and Agro-Chemicals Projects.

Diversification in e-Commerce and promoting Start-ups.

Setting up Fertilliser projects overseas through Strategic Alliances.

IFFCO’s new Corporate Plan titled ‘Vision-2020’ will be guided by the following objectives:

86

VISION2020

2011-12

39553955

44874487

84428442

2012-13 2013-14 2014-15 2015-16

39923992

45104510

79027902

32063206

43804380

75867586

33443344

41264126 39843984

46684668

86528652

(’000 MT)

74707470

COMPLEXCOMPLEX UREA TOTAL

89

PRODUCTIONPERFORMANCE

To stand as a Global Leader in Fertilisers Production.

Implement Strategies for sustainable development by reducing Energy Consumption and better Resource Management.

Maximizing the synergies of Core Business through Forward/Backward Integrations.

Enhancing presence in International Markets through Strategic Joint Ventures and Synergistic Acquisitions

Diversification in other Sectors for financial sustainability.

Promoting Integrated Nutrient Management and optimum Fertiliser use.

To help the Cooperative Societies become economically strong, professionally managed and to equip the Farming Community with advanced agricultural practices for improved Productivity, to ensure an Empowered Rural India.

Achieve Fertilisers Marketing target of 15 million tonnes per annum by 2020.

The salient features of the ‘Vision-2020’ document are as under:

87

SALIENTFEATURES

OF VISION-2020

88

IMPORTANT INFORMATION FOR

INTERNATIONAL GUESTS

2011-12

54005400

67886788

1218812188

2012-13 2013-14 2014-15 2015-16

38223822

62326232

1005410054

3082

65606560

96429642

39373937

71917191

1112811128

51545154

78707870

1302413024

COMPLEXCOMPLEX UREA TOTAL

90

SALES PERFORMANCE

(’000 MT)

TURNOVER 3942.34 3348.38 3223.46 3826.07 4583.04

PROFITAFTER TAX

PLANT 2011-12 2012-13 2013-14 2014-15PLANT 2011-12 2012-13 2013-14 2014-15153.44 166.95 61.47 156.70 153.75

116.41 109.86 48.06 97.52 106.36

64.19 64.20 64.19 64.07 63.98

786.87 882.72 917.24 975.54 1068.44

PROFITBEFORE TAX

851.06 946.92 981.43 1039.61 1132.42

RESERVES & SURPLUS

196.01 221.67 255.01 273.03 268.88

NET WORTH

INVESTMENTS

2011-122011-12 2012-132012-13 2013-142013-14 2014-152014-15 2015-162015-16PARTICULARSPARTICULARS

(USD MILLION)

The items have been stated at the current financial year end rate ` 66.3329 per US$ to make same comparable

91

SHARECAPITAL


(USD MILLION)

2011-12

153.44153.44

116.41116.41

2012-13 2013-14 2014-15 2015-16

109.86109.86

61.4761.4748.0648.06

156.70156.70

97.5297.52

153.75153.75

106.36106.36

166.95166.95

PBTPBT PATPAT

92

PROFIT BEFORE TAX &

PROFIT AFTER TAX

(USD MILLION)

2011-12

3942.343942.34

851.06851.06

2012-13 2013-14 2014-15 2015-16

946.92946.92

3223.463223.46

981.43981.43

3826.073826.07

1039.611039.61

4583.044583.04

1132.421132.42

3348.383348.38

TURNOVERTURNOVER NETWORTHNETWORTH

93

TURNOVER&

NETWORTH

Highest Production of Fertilisers(Previous best 8.58 million MT in 2010-11)

Highest Sales of Urea & NPK/DAP/WSFs(Previous best 12.59 million MT in 2010-11)

Profit Before Tax (Best USD 166.95 million in 2012-13)

Profit After Tax (Best USD 119.32 million in 2010-11)

Turnover (Best USD 5040.08 million in 2008-09)

The items have been stated at the current financial year-end rate of ` 66.3329 per US$, to make the same comparable.

8.65 Million MT

USD 153.75 Million

USD 106.36 Million

USD 4583.04 Million

13.02 Million MT

94

HIGHLIGHTS OF2015-16

FERTILISER PRODUCTION 167.74 Million MT

FERTILISER SALE 204.30 Million MT

TURNOVER USD 43433.65 Million

PROFIT BEFORE TAX USD 1967.95 Million

PROFIT AFTER TAX USD 1462.77 Million

CONTRIBUTION TO EXCHEQUER USD 2618.01 Million

The items have been stated at the current financial year-end rate of ` 66.3329 per US$,

to make the same comparable.

95

(Till 31ST March 2016)

CUMULATIVEACHIEVEMENTS

/iffco.pr

/iffco_pr

/iffcoindia

INDIAN FARMERS FERTILISER COOPERATIVE LIMITED

: www.iffcolive.com

www.iffco.coop, www.iffco.in

IFFCO SADAN, C-1, District Centre, Saket Place, New Delhi- 110017D

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iffco at a glance second option 2015-16.cdr

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