Created by studio orange-Write Media & Printed by Viba Press Pvt. Ltd.

IFFCO Sadan, C-1 District Centre, Saket Place, Saket

New Delhi 110 017, www.iffco.nic.in
From the Art Collection of IFFCO
bQdks ds dyk laxzgky; ls

IFFCO: Riding High on Achievements

bQdks % u;s f’k[kj dh vksj

Painting by: Satish Gujral (Above): Union Minister for Agriculture, Shri Sharad Pawar, being given a cordial
fp=dkj % lrh”k xqtjky welcome at IFFCO’s exhibition stall in Maharashtra.
Medium: Acrylic on Canvas (Below): Dr. U.S.Awasthi, Managing Director, IFFCO and Mr. Joseph Gutnick, President
ek/;e % dSUol ij ,Øsfyd jaxksa ls and CEO, Legend International Holdings Inc., signing an agreement in Melbourne,
Size: 84” x 48” Australia. Mr. Atul Chaturvedi, Secretary, Department of Fertilizers, Government of
vkdkj % 84” x 48” India, is also seen in the photograph.
fo"k; lwph Contents
ladYiuk ,oa y{; Vision and Mission 2
funs'kd eaMy Board of Directors 4
CkSadlZ@ys[kkijh{kd Bankers/Auditors 11
la;a=@bQdks ,lksfl,V~l Plants/IFFCO Associates 12
nl o"kksZa dh foÙkh; miyfC/k;k¡ Ten Years’ Financial Highlights 13
egRoiw.kZ foÙkh; lwpd Significant Financial Indicators 14
funs'kdksa dh fjiksVZ Directors’ Report 19
dkjiksjsV xousZUl Corporate Governance 76
ys[kkijh{kdksa dh fjiksVZ Auditors’ Report 80
egRoiw.kZ ys[kk uhfr;ka Significant Accounting Policies 81
rqyu&i= Balance Sheet 87
ykHk&gkfu ys[kk Profit & Loss Account 88
vuqlwfp;ka Schedules 90
udnh izokg dk fooj.k Cash Flow Statement 120
tksM+s x;s ewY; dk fooj.k Value Added Statement 122
mRiknu ,oa fcØh Production and Sales 123

1
 fdlkuksa dh vk; esa fujUrj o`f) ds mn~n's ; ls mUgsa mÙke DokfyVh ds moZjd
miyC/k djkuk ftlls os larqfyr moZjd mi;ksx ds }kjk viuh d`f"k mRikndrk
c<+k lds]a i;kZoj.k dks LoPN cuk, j[kuk vkSj lgdkjh lfefr;ksa dks vkfFkZd vkSj
yksdrkfU=d :i ls etcwr cukuk ftlls os l'kDr xzkeh.k Hkkjr ds fy, d`"kd
leqnk; dks mPp Lrjh; O;kolkf;d lsok,a miyC/k djk ldsa A

y{;
a fdlkuksa dks mfpr le; ij vkSj i;kZIr ek=k esa mÙke DokfyVh ds moZjd miyC/k djkdj
d`f"k mRikndrk esa o`f) djuk A
a la;a=ksa dks ÅtkZ n{k cukuk vkSj ÅtkZ ds laj{k.k ds fy, fofHkUu ;kstukvksa dh fujUrj leh{kk djuk A
a lkekftd Lrj dks Å¡pk mBkus ds mn~ns'; ls LokLF;] lqj{kk] i;kZoj.k vkSj okfudh fodkl ds izfr izfrc)rk A
a lqn`<+ lekt ds fuekZ.k ds fy, lkekftd nkf;Roksa ds izfr izfrc)rk A
a uSfrd ewY;ksa dks izksRlkfgr djrs gq, Vhe Hkkouk] l'kfDrdj.k vkSj ekSfydrk dh laLd`fr dks iksf"kr djuk rkfd
deZpkfj;ksa dh {kerk dk fujarj fodkl gks lds vkSj laLFkkxr mn~ns';ksa dks izkIr fd;k tk lds A
a fo'okl] ikjnf'kZrk vkSj ikjLifjd ljksdkj dh dk;Z laLd`fr fodflr djuk ftlls gekjh dk;Ziz.kkyh gekjs
lnL;ksa dh vkdka{kkvksa ,oa le; dh dlkSVh ij [kjh mrj lds A
a Js"B ewY;ksa dks vk/kkj cukrs gq, ,slk laxBu cukuk ftldk y{; xzkgdksa dks csgrj vkSj Rofjr lsok,a
iznku djuk gksA fl)karksa vkSj dk;Ziz.kkyh esa lkeatL; cukrs gq, ikjnf'kZrk] mÙkjnkf;Ro ,oa lR;fu"Bk
ds izfr izfrc)rk A
a fo'oluh;] n{k vkSj fdQk;rh izkS|ksfxfd;ksa dk vf/kxzg.k djuk vkSj mUgsa viuh dk;Z iz.kkyh esa 'kkfey djuk A
a de ewY; ij QkLQsfVd moZjdksa dk mRiknu djus ds fy, fons'kksa esa la;qDr m|eksa esa lgHkkfxrk djds dPps eky
dh O;oLFkk djuk A
a dksj vkSj uku&dksj lsDVjksa esa fodkl lqfuf'pr djuk A
a ns'k esa lgdkfjrk vkUnksyu dks etcwr cukus dh fn'kk esa vxz.kh lgdkjh lfefr ds :i esa dk;Z djuk A
a laxBu dks xfr'khy cukuk] ubZ pqukSfr;ksa ds vuq:i <kyus ds fy, l'kDr j.kuhfr rS;kj djuk] viuh iwoZ
miyfC/k;ksa vkSj vuqHkoksa ds vk/kkj ij miyC/k voljksa dk leqfpr mi;ksx djuk ftlls vf/kdkf/kd vk;
vftZr dh tk lds vkSj lnL;ksa dks 'ks;jksa dk vf/kdre ewY; izkIr gks ldsA

2
To augment the incremental incomes of farmers by helping them to increase their

crop productivity through balanced use of energy efficient fertilisers; maintain the

environmental health; and to make cooperative societies economically and

democratically strong for professionalised services to the farming community to

ensure an empowered rural India.

mission
a To provide to farmers high quality fertilisers in right time and in adequate quantities with an
objective to increase crop productivity.
a To make plants energy efficient and continually review various schemes to conserve energy.

a Commitment to health, safety, environment and forestry development to enrich the quality of
community life.
a Commitment to social responsibilities for a strong social fabric.

a To institutionalise core values and create a culture of team building, empowerment and
innovation which would help in incremental growth of employees and enable achievement of
strategic objectives.
a Foster a culture of trust, openness and mutual concern to make working a stimulating and
challenging experience for stakeholders.
a Building a value driven organisation with an improved and responsive customer focus. A true
commitment to transparency, accountability and integrity in principle and practice.
a To acquire, assimilate and adopt reliable, efficient and cost effective technologies.

a Sourcing raw materials for production of phosphatic fertilisers at economical cost by entering
into Joint Ventures outside India.
a To ensure growth in core and non-core sectors.

a A true cooperative society committed for fostering cooperative movement in the country.
Emerging as dynamic organisation, focussing on strategic strengths, seizing opportunities
for generating and building upon past success, enhancing earnings to maximise the
shareholders’ value.

3
 v/;{k mik/;{k
lqjUs nz dqekj tk[kM+ ,u ih iVsy
Chairman Vice-Chairman
Surinder Kumar Jakhar N.P. Patel

funs'kd funs'kd funs'kd funs'kd

foV~ByHkkbZ ,p jknfM;k 'kh'k iky flag cyfoUnj flag udbZ johUnz izrki flag
Director Director Director Director
Vithalbhai H. Radadia Sheesh Pal Singh Balvinder Singh Nakai Ravindra Pratap Singh

funs'kd funs'kd funs'kd funs'kd

ds Jhfuokl xkSM+k ds lksek'ks[kj jko flekpy ik/kh izeksn dqekj flag
Director Director Director Director
K. Srinivasa Gowda K. Somashekhar Rao Simachal Padhy Pramod Kumar Singh

funs'kd funs'kd funs'kd funs'kd

lq/khj jktiky ,l- ,y /keZsxkSM+k jekdkar HkkxZo vadq'kjko vkj Vksis
Director Director Director Director
4 Sudhir Rajpal S. L. Dharmegowda Ramakant Bhargava Ankushrao R. Tope
 funs'kd funs'kd funs'kd funs'kd
gjfeUnj flag tLlh jktgal mik/;k; vey dqekj oekZ mes'k f=ikBh
Director Director Director Director
Harminder Singh Jassi Rajhans Upadhyaya Amal Kumar Verma Umesh Tripathi

funs'kd funs'kd funs'kd

dkfrZd pUnz ljdkj ch ,l fo'oukFku jkt dqekj f=ikBh
Director Director Director
Kartick Chandra Sarkar B.S. Vishwanathan Raj Kumar Tripathi

izca/k funs'kd mi izca/k funs'kd&lg&foi.ku funs'kd mi izca/k funs'kd

Mk- mn; 'kadj voLFkh n;k Ñ".k HkV~V jkds'k diwj
Managing Director Deputy Managing Director- Deputy Managing Director
Dr. U.S. Awasthi cum- Marketing Director Rakesh Kapur
D.K. Bhatt

funs'kd ¼rduhdh½ funs'kd ¼ekuo la-fo-½ funs'kd ¼la;q-m|-½ funs'kd ¼lgdkfjrk fodkl½
oh ds ckyh ,l ds feJk ds ,y flag MkW th ,u lDlSuk
Director (Technical) Director (HRD) Director (JV) Director (Coop. Development)
V.K. Bali S.K. Mishra K.L. Singh Dr. G.N. Saxena

55
 mn;Hkku flagth tloar esgrk dkafryky ,Q f?k;k
Udaybhansinhji Jaswant Mehta Kantilal F. Ghiya
March ’68 - July ’73 Oct. ’73 - May ’75 Nov. ’75 - Oct. ’77

czãdqekj HkV~V ,e Jhfuokl jsMM~ h ?ku';ke flag

Brahmakumar Bhatt M. Srinivasa Reddy Ghan Shyam Singh
Oct. ’77 - Feb. ’81 Feb. ’81 - March ’88 March ’88 - March ’90

lrchj flag dkfn;ku vkj oh xqIrk ih jkepUnz jsMM~ h

Satbir Singh Kadian R.V. Gupta P. Ramachandra Reddy
March ’90 - March ’92 March ’92 - June ’92 July ’92 - Oct. ’95

Mh ih ;kno lqjsUnz dqekj tk[kM+ ds Jhfuokl xkSM+k

D.P. Yadav Surinder Kumar Jakhar K. Srinivasa Gowda
Dec. ’95 - Jan. ’97 Jan. ’97 - June ’01 June ’01 - May ’04

66
 ikWy iksFksu
Paul Pothen
March ’68 - July ’80

,y vkj ryokj MkW- th ,l fo|kFkhZ ,e ,l pgy

L.R. Talwar Dr. G. S. Vidyarthi M.S. Chahal
July ’80 - Nov. ’82 March ’83 - April ’83 April ’83 - Aug. ’83

,e ,p vo/kkuh lh ih ekFkqj ch ,y ukjk;.k

M.H. Avadhani C.P. Mathur B.L. Narayana
Aug. ’83 - March ’90 March ’90 - April ’91 April ’91 - Jan. ’93

77
 MkW- Mh ds 'kqDyk lqHkk"k pUnz ,l lh feÙky euh"k xqIrk ,l-ch-fjUnkuh
ofj"B dk;Zdkjh funs'kd ¼ifjogu½ fo-eq- ofj"B dk;Zdkjh funs'kd ¼rduhdh½ eq[;k- dk;Zdkjh funs'kd ¼,e,l ,oa vkbZVh½ eq[;k- dk;Zdkjh funs'kd ¼,l,eth½ eq[;k- dk;Zdkjh funs'kd ¼foÙk½ eq[;k-
Dr. D. K. Shukla Subhash Chandra S.C. Mittal Manish Gupta S.B. Rindani
Sr. Exec. Director (Tpt.) MKCO Sr. Exec. Director (Tech.), HO Exec. Director (MS & IT), HO Executive Director (SMG), HO Executive Director (Fin.), HO

,l Jhfuoklu vkj ih flag ,e vkj iVsy vjfcUn jk; ,u lh fuxe

dk;Zdkjh funs'kd] dkaMyk dk;Zdkjh funs'kd ¼dk-dk;Z o dk- o iz-½ eq[;k- dk;Zdkjh funs'kd] ikjknhi dk;Zdkjh funs'kd ¼foi.ku½] fo- eq[;k- fo”ks’kK ¼lh,aM,ulh ÅtkZ½ eq[;k-
S. Srinivasan R.P. Singh M.R. Patel Arabinda Roy N.C. Nigam
Executive Director, Kandla Executive Director (CA and P&A), HO Executive Director, Paradeep Executive Director (Mktg.), MKCO Expert (C&NC Energy), HO

MkW- ,l ih 'kqDyk ,y eq#xIiu , ds flag Mh HkV~Vkpk;Z vt; feJk

fo'ks"kK ofj- egkizc/a kd] dkaMyk ofj- egkizc/a kd] vk¡oyk ofj- egkizc/a kd ¼dk-o-iz'kk-½] fo- eq[;k- ofj- egkizc/a kd] dyksy
Dr. S.P. Shukla L. Murugappan A.K. Singh D. Bhattacharyya Ajay Misra
Expert Sr. Gen. Manager, Kandla Sr. Gen. Manager, Aonla Sr. Gen. Manager (P&A), MKCO Sr. Gen. Manager, Kalol

lqjthr flag , ds egs'ojh ¼ls-fu-½ Hkkuw ch lwn oh eSnhjÙkk ,l ,l rksej

ofj- egkizc/a kd] Qwyiqj egkizc/a kd ¼rduhdh½] vk¡oyk fczx-s egkizc/a kd ¼fl-,.M bUVs-ls-½] eq[;k- egkizc/a kd ¼flLVEl½ eq[;k- egkizc/a kd ¼vuqj{k.k½] ikjknhi
Surjit Singh A.K. Maheshwari Brig. (Retd.) Bhanu B. Sud V. Mediratta S.S. Tomar
Sr. Gen. Manager, Phulpur Gen. Manager (Tech.), Aonla Gen. Manager (Sec. & Intel. Ser), HO Gen. Manager (Sys.), HO Gen. Manager (Maint.), Paradeep

, ds HkkxZo ,l ds canksik/;k; , ch eksVokuh ,p Mh feL=h MkW- ehuk JhokLro

8 8 egkizc/a kd] Qwyiqj la;Dq r egkizc/a kd ¼okf.kfT;d½] Qwyiqj la;Dq r egkizc/a kd ¼mi½] dyksy
A.B. Motwani
la;Dq r egkizc/a kd ¼vuqj{k.k½] dyksy la;Dq r egkizc/a kd ¼fp-o-Lok-ls-½] vk¡oyk
A.K. Bhargava S.K. Bandyopadhyay H.D. Mistry Dr. (Mrs.) Meena
Gen. Manager, Phulpur Jt. Gen. Manager (Utility), Kalol Jt. Gen. Manager (Maint.), Kalol
Jt. Gen. Manager (Comm.), Phulpur Srivastava
Jt. Gen. Mgr.(Med & HS), Aonla
 ih , foYlu , ds flag ch ds xzksoj ih Vh ijekj vks ih dFkwfj;k
la;Dq r egkizc/a kd ¼Mh,ih@,uihds ifj-½] ikjknhi la;Dq r egkizc/a kd ¼;kaf=dh½] dkMyk la;Dq r egkizc/a kd ¼vk-ys-i-½] eq[;k- la;Dq r egkizc/a kd ¼mRiknu½] ikjknhi la;Dq r egkizc/a kd ¼vuqj{k.k½] vk¡oyk
P.A. Wilson A.K. Singh B.K. Grover P.T. Parmar O.P. Kathuria
Jt. Gen. Manager (DAP/NPK Proj.), Paradeep Jt. Gen. Manager (Mech.), Kandla Jt. Gen. Manager (I.A.), HO Jt. Gen. Manager (Prod.), Paradeep Jt. Gen. Manager (Maint.), Aonla

'ke'ksj flag , ,e xksLokeh , Vh dalkjk ch ch lPpj vf[kys'k ih flag

la;Dq r egkizc/a kd ¼mRiknu½] dyksy la;Dq r egkizc/a kd ¼mi-½] Qwyiqj la;Dq r egkizc/a kd ¼fo- o ys-½] ikjknhi la;Dq r egkizc/a kd ¼fo- o ys-½] fo- eq[;k- la;Dq r egkizc/a kd ¼bZ- o ,l-½] ikjknhi
Shamsher Singh A.M. Goswami A.T. Kansara B.B. Sachar Akhilesh P. Singh
Jt. Gen. Manager (Prod.), Kalol Jt. Gen. Manager (Util.), Phulpur Jt. Gen. Manager (F&A), Paradeep Jt. Gen. Manager (F&A), MKCO Jt. Gen. Manager (E&S), Paradeep

jatu f}osnh lquhy dqekj xk¡/kh ch vkj iVsy ,u vkj ds flUgk , ds flUgk
la;Dq r egkizc/a kd ¼dk- o iz-½] Qwyiqj la;Dq r egkizc/a kd ¼fo|qr½] ikjknhi la;Dq r egkizc/a kd ¼ifj-½] dyksy la;Dq r egkizc/a kd ¼ifj-½] eq[;k- la;Dq r egkizc/a kd ¼vuqj{k.k½] ikjknhi
Ranjan Dwivedi Sunil Kumar Gandhi B.R. Patel N.R.K. Sinha A.K. Sinha
Jt. Gen. Manager (P&A), Phulpur Jt. Gen. Manager (Elec.), Paradeep Jt. Gen. Manager (Project), Kalol Jt. Gen. Manager (Project), HO Jt. Gen. Manager (Maint.), Paradeep

fcfjUnj flag ,l ,u ik.Ms; ,e lh xqIrk ch ch NkcM+k Vh ,u xqIrk

la;Dq r egkizc/a kd ¼ih-,l-½] eq[;k- la;Dq r egkizc/a kd ¼okf.k-½] eq[;k- la;Dq r egkizc/a kd ¼vkj-,e o vkbZ-,y-½] eq[;k- la;Dq r egkizc/a kd ¼th-bZ½] dyksy la;Dq r egkizc/a kd ¼mi-½] ikjknhi
Birinder Singh S.N. Pandey M.C. Gupta B.B. Chhabda T.N. Gupta
Jt. Gen. Manager (P.S.), HO Jt. Gen. Manager (Comm.), HO Jt. Gen. Manager (RM & IL.), HO Jt. Gen. Manager (GE), Kalol Jt. Gen. Manager (Util.), Paradeep

, bZ dMw ds psyIik ,l vkj dq'kokgk czt fd'kksj , ds prqosZnh

la;Dq r egkizc/a kd ¼vuqj{k.k½] dkaMyk la;Dq r egkizc/a kd ¼vuqj{k.k½] la;Dq r egkizc/a kd ¼lkexzh½] Qwyiqj la;Dq r egkizc/a kd ¼rduhdh½] dyksy la;Dq r egkizc/a kd] vk¡oyk
A.E. Kadu ikjknhi S.R. Kushwaha Braj Kishore A.K. Chaturvedi 9 9
Jt. Gen. Manager (Maint.), K. Chellappa Jt. Gen. Mgr. (MTL), Phulpur Jt. Gen. Manager (Tech.), Kalol Jt. Gen. Manager, Aonla
Kandla Jt. Gen. Mgr. (Maint.),
Paradeep
 ,p vkj flag ih lh oekZ] ih ,l fl)w jktho JhokLro ts fcÜokl
la;Dq r egkizc/a kd ¼flLVEl½] foi- eq- la;Dq r egkizc/a kd ¼mi½] dkaMyk la;Dq r egkizc/a kd ¼foi.ku½] ea- dk- ¼m-½ la;Dq r egkizc/a kd ¼mRiknu½] vk¡oyk la;Dq r egkizc/a kd ¼mi-½] vk¡oyk
H.R. Singh P.C. Verma P.S. Sidhu Rajiv Srivastava J. Biswas
Jt. Gen. Manager (Sys.), MKCO Jt. Gen. Manager (Util.), Kandla Jt. Gen. Manager (Mktg.), ZO (N) Jt. Gen. Manager (Prod.), Aonla Jt. Gen. Manager (Util.), Aonla

lqjsUnz flag vk”kh’k dqekj iakMk eqdqy JhokLro oh ts eudksMh ;ksxs'k u:yk
la;Dq r egkizc/a kd] vk¡oyk la;Dq r egkizc/a kd ¼mRiknu½] Qwyiqj la;Dq r egkizc/a kd ¼mRiknu½] Qwyiqj la;Dq r egkizc/a kd ¼fo- o ys-½] dkaMyk la;Dq r egkizc/a kd ¼rduhdh½] Qwyiqj
Surendra Singh Ashis Kumar Panda Mukul Srivastava V.J. Mankodi Yogesh Narula
Jt. Gen. Manager, Aonla Jt. Gen. Manager (Prod.), Phulpur Jt. Gen. Manager (Prod.), Phulpur Jt. Gen. Manager (F&A), Kandla Jt. Gen. Manager (Tech.), Phulpur

ts ,u lkgw th ds xkSre ds ,u tks'kh lanhi vEcsdj vfuy lkguh

eq[; lrdZrk vf/kdkjh] eq[;k- la;Dq r egkizc/a kd ¼fujh-o ih,p½] Qwyiqj la;Dq r egkizc/a kd] vk¡oyk la;Dq r egkizc/a kd ¼vuqj{k.k½] Qwyiqj la;Dq r egkizc/a kd ¼fo- o ys-½] dyksy
J.N. Sahu G.K. Gautam K.N. Joshi Sandeep Ambekar Anil Sahni
Chief Vigilance Officer, HO Jt. Gen. Manager (Insp. & PH), Phulpur Jt. Gen. Manager, Aonla Jt. Gen. Manager (Main.), Phulpur Jt. Gen. Manager (F&A), Kalol

MkW- Mh ih ik=k gjHktu flag , ds ?kks"k

la;Dq r egkizc/a kd ¼foi-½] ¼ea- dk- iwo½Z la;Dq r egkizc/a kd ¼fo- o ys-½] eq[;k- la;Dq r egkizc/a kd ¼fo- o ys-½ eq[;k-
Dr. D.P. Patra Harbhajan Singh A.K. Ghosh
Jt. Gen. Mgr. (Mktg.), ZO (East) Jt. Gen. Manager (F&A), HO Jt. Gen. Manager (F&A), HO

10 10
iathÑr dk;kZy; Registered Office
bQdks lnu] lh&1] fMfLVªDV lsUVj] IFFCO Sadan, C-1, District Centre
lkdsr Iysl] ubZ fnYyh 110 017 Saket Place, New Delhi-110017
cSadlZ Bankers
bafM;u vksojlht cSd a Indian Overseas Bank
Hkkjrh; LVsV cSd a State Bank of India
cSd
a vkQ cM+kSnk Bank of Baroda
LVSM
a MZ pkVsZM cSd a Standard Chartered Bank
fn egkjk"Vª LVsV dksvkijsfVo cSd a fyfeVsM The Maharashtra State Cooperative Bank Ltd.
fn oSLV caxky LVsV dksvkijsfVo cSd a fyfeVsM The West Bengal State Cooperative Bank Ltd.
e/; izn's k LVsV dksvkijsfVo cSd a fyfeVsM Madhya Pradesh State Cooperative Bank Ltd.
fn dukZVd LVsV dksvkijsfVo cSd a fyfeVsM The Karnataka State Cooperative Bank Ltd.
fn iatkc LVsV dksvkijsfVo cSd a fyfeVsM The Punjab State Cooperative Bank Ltd.
fn gk¡xdk¡x ,aM 'ka?kkbZ cSfa dax dkiksZj's ku fyfeVsM The Hongkong and Shanghai Banking Corporation Ltd.
vkbZlhvkbZlhvkbZ cSd a fyfeVsM ICICI Bank Ltd.
vkbZMhchvkbZ cSda fyfeVsM IDBI Bank Ltd.
,pMh,Qlh cSd a fyfeVsM
HDFC Bank Ltd.
iatkc us'kuy cSd a
Punjab National Bank

ys[kkijh{kd
Auditors
eSllZ th ,l ekFkqj ,aM dEiuh]
M/s. G. S. Mathur & Co.,
lunh ys[kkiky]
Chartered Accountants,
,&160] fMQsUl dkyksuh]
ubZ fnYyh 110 024 A-160, Defence Colony,
New Delhi-110 024.
eSllZ ,l eksgu ,aM dEiuh] M/s S. Mohan & Co.,
lunh ys[kkiky] Chartered Accountants,
th&47] dukV ldZl] G-47, Connaught Circus,
ubZ fnYyh 110 001 New Delhi-110 001.
eSllZ ,l ds esgrk ,aM daiuh] M/s. S.K. Mehta & Co.,
lunh ys[kkiky] Chartered Accountants
2682] xyh ua- 2 chMu iqjk] 2682, Gali No. 2, Beadan Pura
vtey [kka jksM ekdsZV] djksy ckx Ajmal Khan Road Market
ubZ fnYyh 110 005 Karol Bagh New Delhi - 110 005.
eSllZ ,l lh oklqnos ,aM daiuh M/s. S.C. Vasudeva & Co.,
lunh ys[kkiky] Chartered Accountants
ch&41] iap'khy bUdyso] B-41, Panchsheel Enclave
ubZ fnYyh 110 017 New Delhi - 110 017.
eSllZ v:.k flag ,aM daiuh] M/s. Arun Singh & Co.,
lunh ys[kkiky] Chartered Accountants,
,Q&7] yktir uxj&3 F-7, Lajpat Nagar III,
ubZ fnYyh&110024 New Delhi-110 024.
11
 la;a= PLANT LOCATIONS

dyksy bdkbZ KALOL UNIT

Mkd?kj % dLrwjhuxj P.O. Kasturinagar
ftyk % xka/khuxj & 382423 Distt. Gandhinagar - 382423
¼xqtjkr½ (Gujarat)

dkaMyk bdkbZ KANDLA UNIT

Mkd?kj % dkaMyk Post Office : Kandla
xka/kh/kke & 370201 Gandhidham - 370201
dakMyk ¼dPN½ Kandla (Kachchh)
Gujarat
xqtjkr
Qwyiqj bdkbZ PHULPUR UNIT
Mkd?kj % f?k;kuxj P.O. : Ghiyanagar
ftyk % bykgkckn & 212404 Distt. Allahabad - 212404
(Uttar Pradesh)
¼mÙkj izn's k½
vkaoyk bdkbZ AONLA UNIT
Mkd?kj % bQdks Vkmuf'ki P.O. : IFFCO Township
ikWy iksFksu uxj] Paul Pothen Nagar,
cjsyh & 243403 ¼mÙkj izn's k½ Bareilly - 243403 (U.P.)

ikjknhi bdkbZ PARADEEP UNIT

xkao % ewlkfn;k Village: Musadia
Mkd?kj % ikjknhi PO: Paradeep
ftyk % txrflagiqj& 754142 Dist: Jagatsinghpur- 754142

bQdks ,lksfl,V~l IFFCO Associates

bQdks Vksfd;ks tujy ba';ksjl as dEiuh fy0 IFFCO-Tokio General Insurance Company Ltd.
vkseku bafM;k QfVZykbtj dEiuh] ,l,vkslh Oman India Fertiliser Company S.A.O.C.
baMks bftfI'k;u QfVZykbtlZ dEiuh] ,l,bZ Indo Egyptian Fertilizers Company, SAE
tksMZu bafM;k QfVZykbtj dEiuh] ,y-,y-lh- Jordan India Fertilizer Company, L.L.C.
bQdks NÙkhlx<+ ikoj fy0 IFFCO Chhattisgarh Power Ltd.
bQdks fdlku lapkj fy0 IFFCO Kisan Sanchar Ltd.
bQdks fdlku lst+ fy0 IFFCO Kisan SEZ Ltd.
baMLVªht+ f'kfed Mw flusxy Industries Chimiques Du Senegal
fdlku baVjus'kuy Vªfs Max] ,QtSMbZ Kisan International Trading, FZE
us'kuy deksfMVh ,aM MsfjosfVOl ,Dlpst a fy0 National Commodity & Derivatives Exchange Ltd.
us'kuy dksyVs jy eSut s eSVa lfoZflt fy0 National Collateral Management Services Ltd.
bafM;u iksVk'k fy0 Indian Potash Limited
bQdks fdlku cktkj fy0 IFFCO Kisan Bazar Ltd.
bafM;u QkeZ QksjsLVªh MsoyiesaV dksvkijsfVo fy0 Indian Farm Forestry Development Cooperative Ltd.
bQdks QkmaM's ku IFFCO Foundation
dksvkijsfVo :jy MsoyiesVa VªLV Cooperative Rural Development Trust
bQdks fdlku lsok VªLV IFFCO Kisan Sewa Trust
ÝhIys ,uthZ bafM;k izk0 fy0 Freeplay Energy India Pvt. Ltd.
vfj;k dSfedYl ¼mM+hlk½ fy0 Aria Chemicals (Orissa) Ltd.
12
 ¼djksM+ #i;s esa½
nl o"kksZa dh foÙkh; miyfC/k;k¡ Ten Years’ Financial Highlights (Rs. in crore)

2008-09 2007-08 2006-07 2005-06 2004-05 2003-04 2002-03 2001-02 2000-01 1999-00
izpkyu ifj.kke OPERATING RESULTS
fcØh Sales 7,387.70 5,968.47 5,554.53 5,358.19 4,097.60 3,753.39 3,535.63 3,107.64 3,048.49 2,520.71
ljdkj ls vFkZ&lgk;rk Subsidy from Government 25,545.60 6,194.35 4,775.58 4,584.74 3,299.38 2,336.69 2,739.29 2,174.31 2,246.61 2,168.22
dkjksckj Turnover 32,933.30 12,162.82 10,330.11 9,942.93 7,396.98 6,090.08 6,274.92 5,281.95 5,295.10 4,688.93
vU; jktLo Other Revenue 499.00 354.77 244.66 71.45 85.03 101.85 61.88 52.11 40.05 55.37
dqy vk; Total Income 33,432.30 12,517.59 10,574.77 10,014.38 7,482.01 6,191.93 6,336.80 5,334.06 5,334.25 4,744.30
csps x;s eky dh ykxr Cost of Sales 31,496.75 11,336.77 9,578.09 9,166.48 6,809.48 5,454.09 5,257.19 4,634.35 4,696.80 4,042.25
ewY;gzkl] C;kt ,oa Profit before Dep.,
vk;dj ls iwoZ ykHk Int. & I. Tax (PBDIT) 1,935.55 1,180.82 996.68 847.90 672.53 737.84 1,079.61 699.71 638.35 702.05
C;kt Interest 1,023.20 389.37 353.94 123.70 34.02 41.12 112.00 169.39 247.49 237.09
ewY;gzkl Depreciation 470.40 410.93 391.49 242.31 167.59 184.02 160.52 159.17 156.86 152.06
dj iwoZ ykHk ¼ihchVh½ Profit before Tax (PBT) 441.95 380.52 251.25 481.90 470.92 512.70 807.09 371.15 234.00 312.90
vk;dj ¼fuoy½ Income Tax (Net) 81.94 122.93 76.23 140.55 151.28 183.03 249.88 62.77 2.92 0.10
dj i'pkr ykHk ¼ih,Vh½ Profit after Tax (PAT) 360.01 257.59 175.02 341.35 319.64 329.67 557.21 308.38 231.08 312.80
ykHkka'k Dividend 85.10 84.53 84.45 84.36 83.92 80.16 86.33 83.82 50.13 40.42
lgdkjh f'k{kk fuf/k Cooperative Education Fund 3.59 2.57 1.75 3.41 2.98 2.52 5.56 3.07 2.17 3.07
nku Donations 1.75 0.75 0.25 1.00 0.25 1.15 1.25 1.55 12.45 5.15
/kkfjr ykHk Retained Profit 269.57 169.74 88.57 252.58 232.49 245.84 464.07 219.94 166.33 264.16
lzksr o fuf/k;ksa dk vuqiz;ksx SOURCES AND APPLICATION OF FUNDS
fuf/k;ksa ds lzksr Sources of Funds
bfDoVh 'ks;j iwt
a h Equity Share Capital 426.28 423.93 422.92 422.73 421.31 461.90 444.49 419.84 418.57 407.06
vkjf{kr o vf/k'ks"k Reserves & Surplus 3,532.59 3,264.73 3,218.92 3,132.66 2,879.84 2,647.68 2,829.02 2,365.93 2,146.80 19,79.67
fuoy lEifr Net Worth 3,958.87 3,688.66 3,641.84 3,555.39 3,301.15 3,109.58 3,273.51 2,785.77 2,565.37 2,386.73
_.k&nh?kkZof/kd Borrowing - Long Term 1,419.16 1,781.83 1,935.80 2,504.43 -- -- 321.31 675.20 1,026.00
&vYikof/kd - Short Term 11,249.70 4,850.68 4,403.09 2,400.92 533.10 890.00 984.57 808.14 888.76 796.71
&vkLFkfxr O;kikj dj - Deferred Trade Tax 133.92 143.13 147.23 130.04 113.99 103.93 88.79 68.65 49.79 34.53
vkLFkfxr dj ns;rk Deferred Tax Liability 542.12 534.19 534.02 458.39 421.25 425.43 -- -- -- --
yxh iwath FUNDS EMPLOYED 17,303.77 10.998.49 10,661.98 9,049.17 4,369.49 4,528.94 4,346.87 3,983.89 4,179.12 4,243.97
fuf/k;ksa dk vuqiz;ksx Application of Funds
fuoy LFkkbZ ifjlEifÙk;ka Net Fixed Assets
¼pkyw iwt
a hxr O;; lfgr½ (incl. Capital Work-in-Progress) 5,256.82 5,169.79 5,039.01 4,869.92 2,160.62 2,172.28 2,246.51 2,362.24 2,452.77 2,570.00
fuos'k Investments 7,552.95 1,416.73 740.46 776.16 690.73 695.08 442.22 266.22 266.22 202.97
pkyw ifjlEifÙk;ka Current Assets 7,672.99 5,775.74 6,071.97 4,748.98 2,603.98 2,564.02 2,674.41 2,144.07 2,221.59 2,233.69
pkyw ns;rk,a Current Liabilities 3,182.89 1,371.57 1,201.23 1,361.60 1,104.84 902.44 1,016.32 788.66 761.46 762.69
fuoy pkyw ifjlEifÙk;ka Net Current Assets 4,490.10 4,404.17 4,870.74 3,387.39 1,499.14 1,661.58 1,658.14 1,355.41 1,460.13 1,471.00
fofo/k O;; Miscellaneous Expenditure 3.90 7.80 11.77 15.70 19.00 -- -- -- -- --
¼ftUgsa cês[kkrs ugha Mkyk x;k½ (To the extent not written off)
yxh gqbZ fuoy ifjlEifÙk;ka NET ASSETS EMPLOYED 17,303.77 10,998.49 10661.98 9,049.17 4,369.49 4,528.94 4,346.87 3,983.87 4,179.12 4,243.97

13
egRoiw.kZ foÙkh; lwpd Significant Financial Indicators
2008-09 2007-08 2006-07 2005-06 2004-05 2003-04 2002-03 2001-02 2000-01 1999-00

foÙkh; vuqikr % FINANCIAL RATIOS :

fcØh dh rqyuk esa dk;Zpkyu ykHk ¼izfr'kr½ Operating Profit to Sales (%) 6.50 7.80 6.69 6.92 6.52 10.86 8.15 11.84 12.34 13.13

fcØh dh rqyuk esa dj&iwoZ ykHk ¼izfr'kr½ Profit before Tax to Sales (%) 1.34 3.13 2.43 4.85 6.37 8.66 13.26 7.28 4.54 6.91

yxh iwath dh rqyuk esa izfrykHk ¼izfr'kr½ Return on Capital Employed (%) 3.12 3.50 2.53 7.18 10.58 11.32 18.56 9.32 5.60 7.38

fuoy lEifÙk dh rqyuk esa dj&iwoZ ykHk ¼izfr'kr½ Profit before Tax to Net Worth (%) 11.16 10.31 6.90 13.55 14.27 16.49 24.65 13.32 9.12 13.11

fuoy lEifÙk dh rqyuk esa dj&i'pkr ykHk ¼izfr'kr½ Profit After Tax to Net Worth (%) 9.09 6.99 4.81 9.60 9.68 10.60 17.02 11.06 9.00 13.11

vpy ifjlEifÙk;ka dkjksckj ¼xq.kk½ Fixed Assets Turnover (Times) 6.32 2.38 2.20 3.01 3.57 2.78 2.74 2.18 2.12 1.78

dk;Zpkyu iwath dkjksckj ¼xq.kk½ Working Capital Turnover (Times) 7.41 2.62 2.50 4.07 4.58 3.58 4.04 3.76 3.53 3.08

rS;kkj eky dh ekylwph ¼ekg fcØh½ Inventory of Finished Goods (Months Sales) 0.12 0.76 1.48 0.74 0.90 1.30 1.88 1.81 1.60 2.51

dPps eky o iSfdax lkexzh dh ekylwph Inventory of Raw Material & Packing
¼ekg [kir½ Material (Months Consumption) 0.74 1.25 1.01 0.86 0.79 0.79 0.68 0.77 0.63 0.57
QqVdj nsunkj ¼ekg fcØh½ Sundry Debtors (Months Sales) 0.67 0.78 0.90 0.89 1.17 1.50 1.36 1.30 1.20 1.25
pkyw vuqikr Current Ratio 2.41:1 4.21:1 5.06:1 3.49:1 2.36:1 2.84:1 2.62:1 2.72:1 2.92:1 2.93:1
Rofjr vuqikr Quick Ratio 1.87:1 3.06:1 3.15:1 2.37:1 1.51:1 1.71:1 1.51:1 1.39:1 1.65:1 1.47:1
_.k bfDoVh vuqikr Debt Equity Ratio 3.23:1 1.84:1 1.78:1 1.42:1 2.20:1 0.32:1 0.33:1 0.43:1 0.63:1 0.78:1
deZpkfj;ksa dh mRikndrk Employees Productivity
deZpkfj;ksa dh la[;k No. of Employees 6,757 6,743 6,826 6,506 5,752 5,977 6,125 6,326 6,405 6,403

izfr deZpkjh fcØh ¼djksM+ #i;s esa½ Sales per Employee (Rs. Crore) 4.87 1.80 1.51 1.77 1.29 0.99 0.99 0.81 0.80 0.71

NET WORTH Rs. in Crore CASH PROFIT Rs. in Crore

14
 2008&09 ds nkSjku egÙoiw.kZ miyfC/k;k¡
Significant Highlights for the Year 2008-09

izpkyu Operational

Total Production Total Sales

Production – Urea Sales – Urea

Marketing Productivity Sales – NPK/DAP/NP

15
 2008&09 ds nkSjku egÙoiw.kZ miyfC/k;k¡
Significant Highlights for the Year 2008-09

Sales Turnover Total Income

Operating Profit Retained Cash Profit

Profit before Tax Profit after Tax

16
 o"kZ 2008-09 ds nkSjku dk;Zfu"iknu dh izeq[k fo'ks"krk,a
Performance Highlights for the Year 2008-09

moZjdksa dk lokZf/kd mRiknu 71.68 Lakh MT

Highest Production of Fertilisers (Previous Best 70.12 Lakh MT in 2006-07)

;wfj;k dk lokZf/kd mRiknu 40.68 Lakh MT

Highest Production of Urea (Previous Best 39.63 Lakh MT in 2007-08)

,uihds@Mh,ih@,uih dk mRiknu 31.00 Lakh MT

Production of NPK/DAP/NP (Previous Best 32.26 Lakh MT in 2006-07)

moZjdksa dh lokZf/kd fcØh 112.58 Lakh MT

Highest Sale of Fertilisers (Previous Best 93.24 Lakh MT in 2007-08)

;wfj;k dh lokZf/kd fcØh 58.69 Lakh MT

Highest Sale of Urea (Previous Best 54.29 Lakh MT in 2007-08)

,uihds@Mh,ih@,uih dh lokZf/kd fcØh 53.89 Lakh MT

Highest Sale of NPK/DAP/NP (Previous Best 38.95 Lakh MT in 2007-08)

dj iwoZ ykHk Rs. 441.95 Crore

Profit Before Tax (Best PBT Rs. 807.09 Crore in 2002-03)

dj i'pkr ykHk Rs. 360.01 Crore

Profit After Tax (Best PAT Rs. 557.21 Crore in 2002-03)

lokZf/kd dkjksckj Rs. 32,933 Crore

Highest Turnover (Previous Best Rs.12,163 Crore in 2007-08)

la;=
a mRikndrk 1,376 MT per employee
Plant Productivity (Previous Best 1,669 MT in 2005-06)

lokZf/kd foi.ku mRikndrk 7,397 MT per employee

Highest Marketing Productivity (Previous Best 6,158 MT in 2007-08)

17
 Jh f’koiky flag ;kno] fo/kk;d]
mÙkj izn’s k] bQdks lgdkfjrk jRu
iqjLdkj izkIr djrs gq,

Jh ohjsna z flag fllksfn;k vius firk

Lo- MkW- lokbZ flag fllksfn;k
¼ej.kksijkar½ dks iznÙk bQdks
lgdkfjrk ca/kq iqjLdkj izkIr djrs gq,

18
a Financial Performance and Dividend

a Share Capital and Net Worth

a Plant Performance

a Marketing Overview

a Subsidiaries and Associates

 funs”kdks dh fjiksVZ
fiz; lgdkjh cU/kqvksa

eq>s vkids le{k lfefRk dh o"kZ 2008&09 dh 41oÈ okf"kZd fji®VZ ÁLRkqRk djR® gq, vR;ar g"kZ vkSj xoZ dk vuqHko
g® jgk gSA o"kZ 2008&09 gekjh miyfC/k;ksa vkSj dhfrZekuksa dk ,d vkSj egRoiw.kZ o"kZ lkfcr gqvk gS A eSa vkidks
bl ckr dh gkfnZd c/kkbZ nsrk gwa fd vkidh lfefr us lgdkjh mRÑ"Vrk ds 41 xkSjo’kkyh o"kZ iwjs djus ds lkFk
112-58 yk[k eh-Vu moZjdksa dh fcØh o ifjogu djds Hkkjr gh ugha] iwjs fo’o esa moZjdksa dk lokZf/kd foi.ku djus
okyh laLFkk gksus dk xkSjo izkIr dj fy;k gSA vius dkjiksjVs Iyku *fotu 2010* ds rgr bQdks dks o"kZ 2010 rd
15]000 dj®M+ #i;s ds fcØh dkjksckj ds y{; dks izkIr djuk Fkk A vkidks ;g tkudj vR;ar izlUurk gksxh fd
vkidh lfefr us foÙkh; o"kZ 2008&09 esa gh 32]933 dj®M+ #i;s dk fcØh dkjksckj dj fy;k gS A vki lc bQdks
dh bl fodkl ;k=k ds lk{kh o Hkkxhnkj jgs gS]a eSa vkidks /kU;okn nsrk gwa fd vkids lrr lg;ksx o leFkZu ds
cy ij bQdks lQyrk ds bl f’k[kj ij iagqph gS A
fe=ks] o"kZ 2008&09 ,d pqukSrhiw.kZ o"kZ jgk gSA fo’oO;kih vkfFkZd eanh] vk;kfrr mojZdksa vkSj dPps eky dh
dherksa esa igys gqbZ csrgk’kk o`f) vkSj fQj ckn esa vkbZ Hkkjh fxjkoV tSls dkjdksa us vkidh lfefr ds dkjksckj dks
izHkkfor fd;k A blds lkFk] ljdkj ls izkIr gksus okyh vFkZ lgk;rk] moZjd ckaM tkjh fd, tkus ds ifj.kkeLo:i
gqbZ gkfu] lksekfy;k ds leqnz esa leqnzh yqVjs ksa }kjk tgktksa dks gkbZtSd fd, tkus vkSj fons’kh eqnzk fofue; njksa esa
Hkkjh ifjorZu vkfn dqN ,sls dkjd gSa tks lfefr ds fy, fpUrk dk fo"k; cus jgs A bu lc dfBu ifjfLFkfr;ksa esa
Hkh vkidh lfefr us gj {®= esa ’kkunkj dk;Z fd;k gS A lfefr us vius lHkh fiNys dhfrZekuksa dks iNkM+rs gq,
mRiknu] fcØh] VuZvksoj vkSj ifjogu ds {®= esa u, dhfrZeku LFkkfir fd, A mRiknu] foi.ku v©j foÙk Áca/k ds
{®= esa mPp ekunaMksa dks cuk, j[kR® gq, bQdks us o"kZ 2008&09 ds nkSjku 112-58 yk[k eh-Vu moZjd lkexzh dh
vc rd dh lokZf/kd fcØh dh Tkcfd xRk o"kZ ds n©jku 93-24 yk[k eh-Vu moZjdksa dh fcØh gqbZ Fkh A vr% xr
o"kZ dh rqyuk esa bl o"kZ fcØh esa 20-74 ÁfRk’kRk dh o`f) ntZ dh xbZ A eq>s vkidks ;g crkrs gq, xoZ dk vuqHko
gks jgk gS fd vkt ns’k esa fcdus okyk dkEiySDLk moZjdksa dk gj rhljk cksjk vkidh lfefr dk gS A dPps eky
o QhM LVkWd dh deh ds ckotwn lfefr us o"kZ 2008&09 ds nkSjku 71-68 yk[k eh-Vu moZjdksa dk vc rd dk
lokZf/kd mRiknu fd;k] ftlessa 40-68 yk[k eh-Vu ;wfj;k vkSj 31-00 yk[k eh-Vu ,uihds@Mh,ih ’kkfey gSa A

v/;{kh; Hkk"k.k nsrs gq,]

bQdks v/;{k] Jh lqjUs nz
dqekj tk[kM+

20
Directors’ Report
Dear Cooperators,

It is with an immense sense of pride and satisfaction that I place before you the 41st Annual
Report for the year 2008-09, which has been another great year of achievement and accomplishment.
On the completion of 41 years of Cooperative Excellence, your Society has crossed the landmark
sale and transportation of over 112.58 lakh MT of fertilisers and has become the largest marketer of
fertilisers not only in India, but also globally. I extend my heartiest congratulations to all of you on
achieving this milestone. Under the Corporate Plan document, ‘Vision 2010’, your Society has
targeted to achieve an Annual Turnover of Rs. 15,000 Crore by the year 2010. You would be delighted
to know that we have already achieved the Sales Turnover of about Rs. 32,933 Crore during the
financial year 2008-09. You have been witness and participant in this growth, and I thank you all for
your continued support and cooperation towards attaining these milestones.
Friends, the year 2008-09 has been an exceptional year. The Global Economic Meltdown, steep
rise and then the fall in prices of imported fertilisers and raw materials affected the business operations.
The burden of large subsidy receivables from the Government, losses on account of Fertiliser Bonds,
hijacking of ships by Pirates off the Somalia coast, coupled with high volatility in the Foreign Exchange
Rate have been the major concerns. Even in such a grim situation, your Society has done remarkably
well in all the spheres of its functioning. The Society has surpassed all its previous records in the area of
Production, Sales, Turnover and Transportation. Maintaining high standards of production, marketing
and financial management, we achieved the highest ever sale of 112.58 lakh MT fertiliser material
during 2008-09, as compared to record sale of 93.24 lakh MT in the previous year, registering a
growth of 20.74 per cent. I would like to inform you that every third bag of phosphatic fertilisers sold
in the country belongs to your Society. Despite the shortage of raw materials and constraints in the
availability of feedstock, we have produced, the highest ever, 71.68 lakh MT of fertilisers comprising
40.68 lakh MT of Urea and 31.00 lakh MT of NPK/DAP during the year 2008-09.

Sources of Funds Application of Funds

21
 vkidh lfefr us 100 yk[k eh0Vu ds mRiknu dk y{; izkIr djus ds fy, dyksy foLrkj ifj;kstuk ij dk;Z
vkjaHk dj fn;k gS A ;g ifj;kstuk iwjh gks tkus ij vkidh lfefr fo’o esa moZjdksa dk lokZf/kd mRiknu djus okyh
laLFkk Hkh cu ldsxh A o"kZ ds nkSjku yhtSM a baVjus’kuy gksfYMaXl bUd-] vkLVªfs y;k ds lkFk bfDoVh Hkkxhnkjh vkSj
mudh DohUlySM a jkWd QkLQsV [kuu ifj;kstuk ls jkWd QkLQsV dh miyC/krk lqfuf’pr djus ds fy, ,d djkj
fd;k gS A blh izdkj geus dktQkLQsV] tksfd dtkfdLrku dh jlk;uksa vkSj moZjdksa dk mRiknu djus okyh ,d
vxz.kh laLFkk gS] ds lkFk jkWd QkLQsV [kjhnus vkSj dtkfdLrku esa jkWd QkLQsV ifj;kstuk LFkkfir djus dh
laHkkoukvksa dk irk yxkus ds fy, le>kSrk Kkiu ij gLrk{kj fd, gSa A lkFk gh] drj esa izkd`frd xSl ij
vk/kkfjr ukbVªkt s hul la;= a yxkus ds fy, drj QfVZykbtj daiuh ds lkFk ,xzhesVa vkWQ baVVas ij Hkh gLrk{kj fd,
gSAa foÙkh; iqulZja puk vkSj bfDoVh ds iqu% iwt a hdj.k ds ckn bQdks dalksfVZ;e us vkbZlh,l] flusxy ds izc/a k vkSj
lapkyu dk dk;Z vius gkFk esa ys fy;k gSA bl le; vkbZlh,l esa eq[;&eq[; iquLFkkZiuk dk;Z rsth ls py jgs
gSa rkfd la;= a dks ’kh?kz vfr ’kh?kz iwjh {kerk ij pyk;k tk lds A bQdks vkSj tksMZu QkLQsV ekbUl daiuh
¼tsih,elh½ us feydj tksMZu ds bf’kfn;k ’kgj esa QkLQksfjd ,flM ifj;kstuk yxkus ds fy, tksMZu bafM;k
QfVZykbtj daiuh ¼ftQdks½ LFkkfir dh gS A uSYywj] vka/kz izn’s k esa bQdks fdlku lst ifj;kstuk dk dk;Z Hkh iwjs
tksjksa ls py jgk gS A
;g o"kZ gekjs fy, vkSj Hkh xkSjo’kkyh o"kZ jgk gS D;ksfa d bl o"kZ vkids v/;{k] mik/;{k vkSj funs’kd ¼lgdkfjrk
fodkl½ dks baVjus’kuy dksvkijsfVo ,yk;al dh fofHkUu egRoiw.kZ lfefr;ksa dk v/;{k fuokZfpr fd;k x;k gSA
;g o"kZ vkidh lfefr ds fy, izfr"Bk o lEeku dk o"kZ jgk vkSj lfefr dks vusd izfrf"Br iqjLdkj izkIr gq, A
lfefr dh Qwyiqj bdkbZ dks Hkkjr ljdkj ls moZjd {ks= esa ^^jk"Vªh; ÅtkZ laj{k.k iqjLdkj 2008^^ dk izFke iqjLdkj
izkIr gqvk A lkFk gh] bl bdkbZ dkss Hkkjrh; moZjd la?k ls ^^ukbVªkt s hul moZjd {ks= esa loZJ"s B mRiknu dk;Zfu"iknu^^
ds fy, o"kZ 2007&08 dk izFke iqjLdkj izkIr gqvk A dyksy bdkbZ dks Hkkjr ljdkj ls moZjd {ks= esa ^^jk"Vªh;
ÅtkZ laj{k.k iqjLdkj 2008^^ dk f}rh; iqjLdkj izkIr gqvk A bl bdkbZ dks U;wure viaxrk nq?kZVuk baMSDl cuk,
j[kus ds fy, ^^jk"Vªh; lqj{kk iqjLdkj 2006^^ vkSj ^xqtjkr jkT; lqj{kk iqjLdkj 2007^ Hkh izkIr gq, A vkaoyk bdkbZ
dks lhvkbZvkbZ ls ^loZJ"s B ÅtkZ izc/a k jk"Vªh; iqjLdkj 2008^ izkIr gqvk vkSj nq?kZVuk jfgr o"kZ 2006 ds fy,] izFke
iqjLdkj izkIr gqvk A lfefr dks bdksuksfed VkbEl] ,Llkj vkSj baVy s ls fofuekZ.k vkSj vkS|ksfs xd Js.kh esa *LekVZ
odZIysl vokMZ* Hkh izkIr gqvk A vkidh lfefr dks 2007&08 dh okf"kZd fjiksVZ vkSj ys[kkvksa ds fy, bafLVV~;Vw vkWQ
pkVZMZ ,dkmaVVas ~l vkWQ bafM;k ¼vkbZlh,vkbZ½ ls loZJ"s B foÙkh; fjiksZfVax dk lEeku izkIr gqvk A bQdks fdlku
lapkj fyfeVsM }kjk miyC/k djkbZ tk jgh lwpukvksa ds fy,] bQdks dks yanu esa vk;ksftr fo’o lapkj iqjLdkjksa
esa ^^csLV daVVas lfoZl^^ vkSj ^^loZJ"s B ifj;kstuk izc/a k lEeku^^ izkIr gq, A ;s lHkh iqjLdkj vkSj lEeku vius drZO;ksa
ds fuokZg ds izfr gekjh izfrc)rk vkSj mR—"Vrk ds izek.k gSa A eSa vkidks fo’okl fnykrk gwa fd vkidh lfefr blh
izdkj ’kkunkj dk;Z djrs gq, vkxs Hkh moZjd {ks= esa viuk vxz.kh LFkku cuk, j[ksxh A
bafLVV+;Vw vkWQ pkVZMZ
,dkmaVVas l vkWQ bafM;k
¼vkbZlh,vkbZ½ ls
loZJ"s B foŸkh; fjiksZfVax
dk lEeku izkIr djrs
gq, dk;Zdkjh funs'kd
¼foŸk½ Jh ,l ch
fjankuh

22
 Your Society has embarked upon the Kalol Expansion Project, which is expected to realise the
goal of producing 100 lakh MT of fertilisers, thereby attaining the distinction of becoming world
leader in fertiliser production also. During the year, your Society entered into an Agreement with
LEGEND International Holdings, Inc., Australia, for acquiring equity stake and entering into a long-
term agreement for purchase of Rock Phosphate from its Rock Phosphate Mining Project in
Queensland, Australia. Similarly, we have initialled an MoU with KAZPHOSPHATE, a leading chemical
and fertiliser manufacturing company of Kazakhstan for the purchase of Rock Phosphate and exploring
the possibility of setting up a Phosphate Project in Kazakhstan. Another ‘Agreement of Intent’ has
been signed with Qatar Fertilisers Company (QAFCO) in Qatar for setting up a Nitrogenous Plant
based on natural gas available in Qatar. The IFFCO consortium has taken over the management and
operational control of ICS Senegal after its financial restructuring and equity recapitalisation. Major
rehabilitation work in ICS is under progress to achieve full production capacity at the earliest. Jordan
India Fertilizer Company (JIFCO) has been incorporated in Jordan with equity participation by IFFCO
and Jordan Phosphate Mines Company (JPMC) for setting up a Phosphoric Acid Project at Eshidiya
in Jordan. Work on IFFCO Kisan SEZ project at Nellore in Andhra Pradesh is also in full swing.
The year had been a year of great honour as the Chairman, Vice Chairman and Director
(Cooperative Development) of your Society have been elected as Chairmen of various prestigious
committees of the International Cooperative Alliance (ICA).
The year had also been a year of appreciations for your Society as it was conferred with many
prestigious Awards. The Phulpur Unit bagged the First Prize for ‘National Energy Conservation Award-
2008’ in the Fertiliser Sector from the Government of India as well as the FAI Award for ‘Best
Production Performance in the Nitrogenous Fertiliser Sector’ for the year 2007-08. The Kalol Unit
has won the ‘National Energy Conservation Award-2008’ (2nd Prize) from the Government of India,
the ‘National Safety Award-2006’ and the ‘Gujarat State Safety Award-2007’ for the lowest Disability
Injury Index. The Aonla Unit bagged the ‘National Award for Excellence in Energy Management-
2008’ from CII and the First Prize for ‘Accident Free Year-2006’. The prestigious Economic Times,
Acer and Intel ‘Smart Work Place’ in the Manufacturing and Industrial segment has also been
conferred on your Society. The Institute of Chartered Accountants of India (ICAI) bestowed the
‘Award for Excellence in Financial Reporting’ for IFFCO’s Annual Report & Accounts for the year
2007-08. The Society has also bagged ‘Best Content Service’ as well as the ‘Best Project Management’
in respect of IFFCO Kisan Sanchar Limited (IKSL) at the World Communications Award held at
London. All these Awards/Honours stand testimony to our dedication to pursue and work for
excellence. I ensure you that with your continuing cooperation, the Society will always maintain its
position as a leader in the fertiliser sector.
Dr. U.S. Awasthi,
MD, IFFCO and
Mr. Maxutbek Sh.
Yessnov, Chairman,
KAZPHOSPHATE,
exchanging the MoU
for supply of Rock
Phosphates

23
 o"kZ 2008&09 ds nkSjku dqN izfrdwy ifjfLFkfr;ksa ds ckotwn bQdks us fdlkuksa dh lsok ds vius y{; dks iwjk
djus esa dksbZ dksj&dlj ugha NksMh+ A vkidh lfefRk dh bl vf}Rkh; lQyRkk ds ihNs Áca/k funs’kd] Mk0 mn;
’kadj voLFkh ds lcy usRk`Ro esa es/kkoh v©j d`r ladYi Á®QS’kuy Áca/kuoxZ ,oa mRlkgh deZpkfj;ksa dh dk;Z’kSyh
,oa xfRk’khy j.kuhfRk;ksa dk lacy jgk gS A eS]a ekuuh; lnL;ksa dh v®j ls Mk0 mn; ’kadj voLFkh v©j mudh iwjh
Vhe d® bl ’kkunkj dk;Zfu"iknu ds fy, c/kkbZ nsRkk gwa A
foÙkh; dk;Zfu’iknu
viuh iwoZ ijaijkvksa dk fuokZg djrs gq, lfefr us izeq[k ekunaMksa ;Fkk jktLo fodkl vkSj lalk/kuksa ds csgrjhu
mi;ksx ls ’kkunkj foÙkh; ifj.kke gkfly fd, gSa A ;g lkjs dhfrZeku dPps eky dh deh] fo’oO;kih vkfFkZd
eanh] ljdkj ls vFkZ lgk;rk dh cM+h jkf’k foyac ls izkIr gksus ds ckotwn LFkkfir fd, x,] tks bl ckr dk izek.k
gS fd lfefr dh dkjiksjVs j.kuhfr vR;ar dkjxj gS vkSj og fodkl ds fofHkUu dkjdksa ij vk/kkfjr gS A ;g
dhfrZeku mPp mRiknu] lokZf/kd fcØh vkSj Js"B dk;Zpkyu dq’kyrk ds lqQy gSa A
lfefr us bl o"kZ 32]933 dj®M+ #i;s dk vc rd dk lokZf/kd fcØh dkjksckj fd;k A ;g fcØh dkjksckj xr
o"kZ dh rqyuk esa 170 izfr’kr vf/kd gS A gkykafd moZjd lkexzh dh ek=k esa 20 izfr’kr dh o`f) gqbZ vkSj ;g xRk
o"kZ ds n©jku gqbZ 93-24 yk[k eh-Vu moZjdksa ls c<+dj 112-58 yk[k eh-Vu moZjd lkexzh rd igqp a xbZ] rFkkfi] fcØh
dkjksckj esa gqbZ o`f) eq[;r% lkexzh ds ewY;ksa esa gqbZ vR;f/kd o`f) ds QyLo:Ik gh gqbZ A tc ge moZjd m|ksx ds
pqukSrhiw.kZ dkjksckjh ifjos’k dh rqyuk esa bQdks ds dk;Zfu"iknu dks ns[krs gSa rks gesa vkSj vf/kd izlUurk gksrs h gS A
dPps eky dh [kir] mi;ksfxrk,a ,oa HkaMkj
lfefr dh lcls cM+h ’kfDr gS izfr;ksxh ykxr vkSj miHkksDrk ds izfr mldh mRrjnkf;Ro Hkkouk A pkyw o"kZ ds
nkSjku csgrj mRiknu izcU/k ds tkfj, geus mRiknu ykxr dks vkSj de fd;k A ge dk;Zpkyu dk;Z Øeksa esa vkSj
Js"Brk ykus dks iz;kljr gSa ftlls ykxr dks de j[kk tk lds vkSj csgrj dk;Zpkyu ifj.kke izkIr fd, tk ldsa A
foÙkh; ykxr
vkidh lfefr dh dk;Z’khy iwta h izc/a k ds fy, viukbZ xbZ Js"B fof/k;ks]a rS;kj eky@dPps eky dh U;wure
ekylwph] csgrj _.k olwyh] lLrh njksa ij _.k izkIr djus ds fy, fd, x, mik;ksa vkSj U;wure C;kt njksa ds fy,
_.knkrkvksa ls dh xbZ lQy ckrphr tSls mik;ksa ds ckotwn o"kZ 2008&09 ds nkSjku 1023 djksM+ #i;s dh C;kt
ykxr ogu djuh iM+h tcfd xr o"kZ ;g jkf’k 389 djksM+ #i;s Fkh A Hkkjr ljdkj ls izkIr gksus okyh
vFkZlgk;rk@fj;k;rksa ds foyEc ls izkIr gksus ds dkj.k gh lfefr dks vYikof/kd _.k ysus ds ifj.kkeLo:i 224
djksM+ #i;s dk C;kt vnk djuk iM+k A

dyksy la;=
a
dk ,d n`';

24
 Despite encountering some adversities in the year 2008-09, we have not compromised with the
motto of ‘Service to Farmers’. The teamwork of its talented professionals constituting the committed
workforce, and the motivating leadership provided by Dr. U.S. Awasthi, Managing Director, are
commendable in pursuit of this enormous success of your Society. On behalf of all the Members, I
take this opportunity to congratulate Dr. Awasthi and his entire team for their exemplary performance.

FINANCIAL PERFORMANCE
As per its tradition, the Society has again exhibited an impressive financial performance in all its
major parameters, namely, Revenue Growth and Resource Utilisation, testifying to the robustness of
its Corporate Strategy of creating multiple drivers of growth in spite of constraints in the availability
of raw materials, the Global Economic Meltdown and inordinate delays in receipt of large subsidy
amounts from the Government of India. This was possible due to higher production, sales volume
and improvement in operating efficiencies.
The Society achieved the highest ever sales turnover of Rs 32,933 Crore. This represents an increase
of 170 per cent over the previous year. While, the sales volume of fertiliser material increased by
20 per cent to 112.58 lakh MT fertiliser during 2008-09, as against 93.24 lakh MT in the previous
year, the major increase in the sales turnover was on account of substantial increase in the commodity
prices. The performance is even more satisfying when viewed in the light of the challenging business
environment of the fertiliser industry.
Consumption of Raw Material, Utilities and Stores
The Society’s greatest strength is its cost-competitiveness and customer focus. During the current
year, we further reduced manufacturing costs by better production management. We are also
pursuing many operational excellence programmes so as to optimise the costs and achieve higher
operational efficiency.
Financing Cost
The interest cost at Rs. 1023 Crore during 2008-09 was higher in comparison to Rs. 389 Crore in
the previous year despite significant improvement in working capital management with lower
inventory of finished goods/raw materials, improved debt collections, measures taken to tap alternate
cheaper sources of borrowings and negotiating lower interest rates with lenders. The significant
increase in prices of all raw materials and delay in settlement of subsidy dues put a strain on the
Society’s working capital thereby increasing the interest cost during the year. The short term interest
burden includes an amount of Rs. 224 Crore attributed to the financing cost of funding the delayed
receipt of subsidy/concession from the Government of India during the year.

A view of the
Paradeep Plant (Orissa)

25
 bl o"kZ ds nkSjku Hkkjr ljdkj us *moZjd dEiuh Hkkjr ljdkj fo’ks"k ckaM* ;kstuk ds rgr bQdks dks ns;
vFkZlgk;rk ds Hkqxrku ds fy, 6719 djksM+ #i;s ds ckaM tkjh fd,] ftlus lfefr dh udnh dh fLFkfr ij vkSj
izfrdwy izHkko Mkyk A
ewY;gzkl
xr foÙk o"kZ ds 410-93 djksM+ #i;s ds eqdkcys bl foÙk o"kZ esa ewY;gzkl vkSj veksVkZbts’ku dh jkf’k 470-40
djksM+ #i;s Fkh tks ;wfj;k mRiknu bdkb;ksa dh {kerk esa o`f) djus vkSj ikjknhi bdkbZ esa ubZ ;kstukvks@
a ifj;kstukvksa
ds iwt
a hdj.k ds QyLo:i gqbZ A
fuoy ykHk
xr o"kZ dh rqyuk esa fofHkUu dkjksckjh {ks=kas esa mRlkgo/kZd izxfr gqbZ gS ftlls gekjh ykHkns;rk esa lq/kkj gqvk
gS A bQd® us o"kZ 2008&09 esa ewY;gzkl] C;kt vkSj dj ls iwoZ 1935-55 dj®M+ #i;s dk yk“ vfTkZRk fd;k tcfd
xr o"kZ ;g 1180-82 dj®M+ #i;s Fkk A o"kZ 2008&09 esa 441-95 djksM+ #i;s dk dj&iwoZ ykHk vftZr fd;k tksfd
xr o"kZ ds 380-52 djksM+ #i;s ds dj&iwoZ ykHk dh rqyuk esa 16 izfr’kr vf/kd gS A blh izdkj lfefr us 360-01
djksM+ #i;s dk dj&i’pkr ykHk vftZr fd;k tksfd xr o"kZ ds 257-59 djksM+ #i;s dj&iwoZ ykHk dh rqyuk esa 40
izfr’kr vf/kd gS A
fuoy ykHk dk fofu;®Tku
cgqjkT; lgdkjh l®lkbVhTk ¼,e,llh,l½ vf/kfu;e] 2002 dh /kkjk 62¼2½ ds vuqlkj fuoy yk“ dh ifjx.kuk
djus ds fy, dj&i’pkRk yk“ esa ls iwTa kh ÁR;koRkZu fuf/k d® ?kVk;k Tkkuk g®Rkk gS A Rknuqlkj] iwTa kh ÁR;koRkZu
fuf/k ds fy, 0-47 djksM+ #i;s dh jkf’k dk Áko/kku fd;s Tkkus ds ckn vkcaVu ;®X; fuoy yk“ 358-54 dj®M+ #i;s
cSBRkk gS] fTkldk fuEukuqlkj fofu;®Tku djus dk ÁLRkko gS%&
¼dj®M+ #i;s esa½

en 2008-09 2007-08
vkcaVu ;®X; fuoy ykHk 358.54 257.13
?kVk,a % ÁLRkkfoRk fu;®Tku %
(i) lfefRk ds mifu;e 56 (i) ds vuqlj.k esa vkjf{kRk fuf/k 107.56 77.14
(ii) mifu;e 56 (iv) ds vuqlj.k esa vkdfLedRkkvksa ds fy, vkjf{kRk fuf/k 35.85 25.71
(iii) lgdkjh dY;k.k fuf/k ds fy, vkjf{kRk 1.75 1.75
(iv) lgdkjh f”k{kk fuf/k ds fy, vkjf{kRk 3.59 2.57
(v) nku ds fy, vkjf{kRk fuf/k 0.75 149.50 0.75 107.92
fuiVku ;®X; fuoy ykHk 209.04 149.21
?kVk,a % ÁLRkkfoRk ykHkka”k
¼ÁnRr bfDoVh iwaTkh ij 20 ÁfRk”kRk dh nj ls½ 85.10 84.53
lkekU; vkjf{kRk fuf/k d® vaRkfjRk cdk;k 123.94 64.68

“®;j iwaTkh v©j fuoy lEifÙk

31 ekpZ] 2009 d® vkidh lfefRk dh ’®;jiwTa kh 426-28 dj®M+ #i;s gks xbZ Tkcfd xr o"kZ ;g 423-93 dj®M+ #i;s
Fkh A o"kZ ds nkSjku vkidh lfefr us detksj lgdkjh lfefr;ksa dh 0-25 dj®M+ #i;s dh ’®;jiwTa kh okfil dj nh
vkSj lnL; lgdkjh lfefr;ksa dks 2-59 dj®M+ #i;s ds ’®;j vkcafVr fd, A 31 ekpZ] 2009 d® vkidh lfefRk ds
’®;j/kkfj;ksa dh dqy la[;k 39824 Fkh A

26
 During the year the Government of India has settled a part of the subsidy dues amounting to Rs.
6719 Crore in the form of Fertiliser Companies’ GOI Special Bonds, which has further affected the
liquidity position of the Society.
Depreciation
Depreciation and amortisation was Rs. 470.40 Crore in the financial year 2008-09 as compared
to Rs. 410.93 Crore in the last financial year, which was due to capitalisation of Capacity Enhancement
Projects at Urea Manufacturing Units and Capitalisation of new Schemes/Projects at Paradeep Unit.
Net Profit
Various business segments of the Society achieved healthy growth in profitability over the previous
year. The Profit before Depreciation, Interest and Tax (PBDIT) was Rs. 1935.55 Crore as compared
to Rs. 1180.82 Crore in the previous year. The Profit before Tax at Rs. 441.95 Crore showed an
increase of 16 per cent as compared to Rs. 380.52 Crore in the previous year while the Profit after
Tax registered a growth of 40 per cent at Rs 360.01 Crore as compared to the previous year’s figure
of Rs. 257.59 Crore.
Appropriations out of Net Profit
In accordance with the provisions of the Multi-State Cooperative Societies Act, 2002, (MSCS
Act), contribution towards Capital Repatriation Fund is required to be deducted from Profit after Tax
for the purpose of arriving at the Net Profit in terms of Section 62(2) of the MSCS Act. Accordingly,
after providing for Rs. 0.47 Crore as contribution towards the Capital Repatriation Fund, the Net
Allocable Profit works out to Rs. 358.54 Crore, this has been proposed for appropriation as under:
Rs. in Crore

Item 2008-09 2007-08

Net Allocable Profit 358.54 257.13
Less: Proposed Appropriations
(i) Reserve Fund as per bye-laws 56(i) 107.56 77.14
(ii) Reserve Fund for contingency
as per Bye-laws 56(iv) 35.85 25.71
(iii) Reserve for Cooperative Welfare Fund 1.75 1.75
(iv) Reserve for Cooperative Education Fund 3.59 2.57
(v) Reserve for Donations 0.75 149.50 0.75 107.92
Net Disposable Profit 209.04 149.21
Less: Proposed Dividend
(@ 20 per cent of the paid up equity) 85.10 84.53
Balance Transferred to General Reserve 123.94 64.68

SHARE CAPITAL AND NET WORTH

As on March 31, 2009, the paid up Share Capital increased to Rs.426.28 Crore from Rs. 423.93
Crore in the previous year. During the year, Share Capital of Rs. 0.25 Crore was repatriated to
weaker cooperative societies and Shares valuing Rs. 2.59 Crore to member Cooperative Societies
were issued. The total number of member shareholders as on March 31, 2009 was 39824.

27
 vkjf{kr o vf/k”ks’k fuf/k;ka
vkjf{kr o vf/k’ks"k fuf/k;ka 31 ekpZ] 2008 esa 3264-73 djksM+ #i;s ls c<+dj 31 ekpZ] 2009 dks 3532-59 djksM+
#i;s rd igqp
a xbZ vFkkZr+ buesa xr o"kZ dh rqyuk esa 267-86 djksM+ #i;s dh o`f) gqbZ A 31 ekpZ] 2009 dks lfefr
dh fuoy lEifÙk xr o"kZ ds 3688-66 djksM+ #i;s ls c<+dj 3958-87 djksM+ #i;s gks xbZ A
fuf/k;ksa ds lzksr ,oa mi;ksx
udnh izokg fooj.k esa n'kkZ, x, vuqlkj izpkyu] fuos'k vkSj foRrh; xfrfof/k;ksa ls izkIr udn izokg
fuEufyf[kr lkfj.kh esa fn;k x;k gS %

djksM+ #i;s esa

2008-09 2007-08

dk;Zpkyu xfrfof/k;ksa ls izkIr udnh 1560 1072

fuos’k ds fy, mi;ksx esa ykbZ xbZ udnh (6578) (970)

foÙkh; xfrfof/k;ksa ls izkIr udnh 4844 (190)

udnh vkSj udnh ds lEkrqY;ksa esa deh (174) (88)

ykHkka”k
ekuuh; lnL;ksa d® ;g Tkkudj ÁléRkk g®xh fd vkidh lfefRk fiNys yxkRkkj 7 o"kksZa ls vf/kdRke ns; nj ls
yk“ka’k dk “qxRkku dj jgh gS A o"kZ ds nkSjku lfefr ds ’kkunkj dk;Zfu"iknu dks ns[krs gq, lfefr ds funs’kd
eaMy us yxkrkj vkBosa o"kZ ds fy, Hkh 20 izfr’kr dh nj ls yk“ka’k ds “qxRkku dh flQkfj’k dh
gS A yk“ka’k dk “qxRkku bfDoVh ’®;j iwTa kh ij mu lnL;ksa dks fd;k Tkk,xk fTkuds uke 31 ekpZ] 2009 d® lfefRk
ds lnL;Rkk jfTkLVj esa nTkZ F® A ykHkka’k dh ;g jkf’k ml frekgh ls vkuqikfrd vk/kkj ij lac) gksxh ftl frekgh
esa bfDoVh ’ks;j iwt
a h bQdks ds [kkrs esa tek dh xbZ gS A
la;a= dk;Zfu’iknu
mRiknu
bQd® la;=
a viuh LFkkiuk ls ysdj 31 ekpZ] 2009 Rkd 1109-03 yk[k eh0 Vu moZjd lkexzh dk lap;h
mRiknu dj pqds gSa fTklesa 671-70 yk[k eh0 Vu ;wfj;k v©j 437-33 yk[k eh0 Vu ,uihds@Mh,ih dk mRiknu

dkaMyk la;=
a
dk ,d n`';

28
RESERVES AND SURPLUS
The Reserves and Surplus increased from Rs. 3264.73 Crore as on March 31, 2008 to Rs. 3532.59
Crore as on March 31, 2009, indicating an increase of Rs. 267.86 Crore over the previous year. The
Net Worth of the Society as on March 31, 2009 increased to Rs. 3958.87 Crore from Rs. 3688.66
Crore in the previous year.

SOURCES AND USES OF FUNDS

The Cash Flow from Operating, Investing and Financing activities as reflected in the Cash Flow
Statement is summarised in the following table:

(Rs. In Crore)
2008-09 2007-08
Cash provided by operating activities 1560 1072
Cash Used in Investing activites (6578) (970)
Cash provided by financing activities 4844 (190)
Decrease in cash and cash equivalents (174) (88)

DIVIDEND
Hon’ble Members will be pleased to note that your Society has been paying the maximum
permissible dividend during the last seven years consecutively. Considering the continued good
performance during the year under review, the Board of Directors has once again recommended
the payment of dividend at the rate of 20 per cent, which makes it the eighth consecutive year. The
dividend would be paid on equity share capital of the Members whose names appear on the
Membership Register as on March 31, 2009. The amount of dividend would be linked pro-rata to
the quarter in which equity share capital was credited during the year.
PLANT PERFORMANCE
Production
Since its inception, the plants have cumulatively produced 1109.03 lakh MT fertiliser materials
comprising 671.70 lakh MT of Urea and 437.33 lakh MT of NPK/DAP up to the period ending
Dr. Balram Jakhar,
Hon’ble Governor,
M.P. inaugurating
IFFCO’s Agriculture
Science Museum
at Gurgaon

29
 ’kkfey gSA o"kZ 2008&09 ds nkSjku bQdkss us 71-68 yk[k eh-Vu moZjd lkexzh dk mRiknu fd;k fTklesa 40-68 yk[k
eh-Vu ;wfj;k v©j 31-00 yk[k eh-Vu ,uihds@Mh,ih ’kkfey gSA bl o"kZ ;wfj;k la;= a ksa us lexz {kerk dk 110-3
izfr’kr mi;ksx djrs gq, ,d u;k dhfrZeku LFkkfir fd;k vkSj vc rd dk lokZf/kd 40-68 yk[k eh-Vu ;wfj;k dk
mRiknu fd;k] tcfd xr o"kZ 39-63 yk[k eh-Vu ;wfj;k dk mRiknu gqvk Fkk A gekjh dkaMyk vkSj ikjknhi
bdkbZ;ksa us o"kZ 2008&09 ds nkSjku dqy 31-00 yk[k eh-Vu ,uihds@Mh,ih dk mRiknu fd;k A vkaoyk bdkbZ us
bl o"kZ igyh ckj 20-05 yk[k eh-Vu ;wfj;k dk mRiknu fd;k tks vfr iz’kaluh; gS A ikjknhi bdkbZ ds dk;Z
fu"iknu dk lEiw.kZ VuZ vjkmaM fd;k x;k gS vkSj bl bdkbZ us dPps eky dh deh ds ckotwn 13-06 yk[k eh-Vu
,uih@Mh,ih dk mRiknu fd;k A o"kZ ds nkSjku ikjknhi bdkbZ us vius xr o"kZ ds 8-66 yk[k eh-Vu ,uih@Mh,ih
ds mRiknu dh rqyuk esa 50-08 izfr’kr vf/kd mRiknu fd;k A dyksy] Qwyiqj vkSj dkaMyk bdkb;ksa us Hkh QhM LVkWd
dh miyC/krk dh dfBukb;ksa ds ckotwn cgqr vPNk dk;Z fd;k A

mRiknu

dyksy foLrkj ifj;kstuk

bQdks us yxHkx 4000 djksM+ #i;s ds fuos’k ls dyksy esa 1-3 yk[k eh0 Vu {kerk okyk ;wfj;k la;= a yxkus
dh ,d ;kstuk cukbZ gS A eSllZ gYnj VksIls ds lkFk ifj;kstuk dh iwoZ&bathfu;fjax xfrfof/k;ksa ds fy, ,d djkj
fd;k x;k gS vkSj blh izdkj dk djkj lkbiSe vkSj ihMhvkbZ,y ds lkFk Hkh ’kh?kz gksus okyk gS A xqtjkr jkT;
vkS|ksfxd fodkl fuxe ls vukifRr izek.k i= izkIr gks pqdk gS vkSj dkj[kkuk funs’kky; ls IykWV Iyku dk vuafre
vuqeksnu izkIr dj fy;k x;k gS A ftvks VSDuhdy tkap vkSj lkbV dkUVw;j eSfiax dk dk;Z iwjk fd;k tk pqdk
gS vkSj la;=
a LFky dh iwoZ&ifj;kstuk xfrfof/k;ksa dh fDy;jsl a fey pqdh gS rFkk lkbV xzfs Max dk dk;Z ftlesa LVkeZ
okVj Msªu] igqp
a ekxZ] lM+das vkfn ’kkfey gS]a Hkh izxfr ij gS A xqtjkr jkT; ds lkFk la;= a LFky dh fDy;jsl a ds
fy, ;Fkko’;d le>kSrk Kkiu ij gLrk{kj fd, tk pqds gSa A
30
March 31, 2009. During the year 2008-09, we produced highest ever 71.68 lakh MT of fertilisers
consisting of 40.68 lakh MT of Urea and 31.00 lakh MT NPK/DAP. Urea Plants have produced highest
ever 40.68 lakh MT as compared to 39.63 lakh MT in the previous year, achieving overall capacity
utilisation of 110.3 per cent. Kandla and Paradeep Plants have produced 31.00 lakh MT of NPK/DAP.
The Aonla Unit for the first time has crossed production of 20.05 lakh MT of Urea, which is laudable.
There has been a complete turnaround in the performance of the Paradeep Unit, which has achieved
greater laurels by producing more than 13.06 lakh MT of NP/DAP despite shortage of raw material.
During the year 2008-09, the Paradeep Unit registered a rise of over 50.8 per cent as compared to
production of 8.66 lakh MT NP/DAP during the previous year. The Kalol, Phulpur and Kandla Units
have also done very well despite constraints in availability of feedstock. The unit-wise production
performance was as under:

Unit 2008-09 2007-08

Production Capacity Utl. Production Capacity Utl.
(Lakh MT) (per cent) (Lakh MT) (per cent)
UREA

Kalol 5.60 102.8 5.45 100.0

Phulpur-I 6.63 120.3 6.30 114.3

Phulpur-II 8.40 97.2 9.24 106.9

Aonla- I 9.87 114.1 8.76 101.3

Aonla-II 10.18 117.8 9.89 114.4

SUB-TOTAL UREA 40.68 110.3 39.63 107.4

NPK/DAP

Kandla 17.94 74.3 20.18 83.5

Paradeep 13.06 68.0 8.66 45.1

SUB-TOTAL NPK/DAP 31.00 71.4 28.84 66.5

TOTAL PRODUCTION 71.68 89.2 68.47 85.3

Kalol Expansion Project

IFFCO has envisaged setting up 1.3 Million MT of Urea Plant at Kalol with an investment of about
Rs. 4000 Crore. An agreement has been signed with Halder Topsoe for pre-engineering activities of
the project and proposal for similar agreement with Saipem and PDIL is on the anvil. The No Objection
Certificate has been received from Gujarat Industrial Development Corporation and Provisional
Approval of Plot Plan has been obtained from the Directorate of Factories. Geo-technical investigation
and Site Contour Mapping has been completed and pre-project activities of site clearances and site
grading are under progress along with associated works for storm water drain, approach roads,
fencing, etc. Also, an MoU has been signed with the Government of Gujarat to facilitate State
clearances, as required.
31
 Mh&ckWVyuSÇdx ifj;®Tkuk,aa
vkaoyk v©j Qwyiqj bdkb;ksa esa veksfu;k@;wfj;k la;= a ksa dh mRiknu {keRkk d® c<+kus ds fy, 335 djksM+ #i;s dh
ykxr ls pykbZ xbZ Mh&ckWVyuSÇdx ifj;®Tkukvksa dk dk;Z iwjk gks x;k gS A bu ifj;kstukvksa ds iwjk gksus ls lfefr
ds lHkh la;=
a ksa dh okf"kZd
Z ;wfj;k mRiknu {kerk ekStnw k 36-9 yk[k eh-Vu ls c<+dj 42-4 yk[k eh-Vu gks xbZ gS A
foi.ku
fcØh dk;Zfu’iknu
—f"k dh –f"V ls bl o"kZ cgqr vuqdy w o"kkZ ugha gqbZ A cgqr ls {ks=ksa esa NqV&iqV vkSj vleku o"kkZ gqbZ A fcgkj]
mM+hlk] mRRkj izn’s k] if’pe caxky] vle vkSj iwoksZRrj {ks=ksa ds jkT;ks]a iatkc] gfj;k.kk] jktLFkku] xqtjkr] egkjk"Vª
vkSj vka/kz izn’s k esa ck<+ Hkh vkbZ A blds vykok] e/; izn’s k vkSj egkjk"Vª ds dqN Hkkxksa esa lw[ks tSlh fLFkfr cuh
jgh A ifj.kkeLo:i vuqeku gS fd o"kZ 2008&09 ds n©jku ns’k esa 228 fefy;u Vu [kk|kUuksa dk mRiknu gksxk
tcfd o"kZ 2007&08 ds n©jku ns’k esa 231 fefy;u Vu [kk|kUuksa dk mRiknu gqvk Fkk A o"kZ 2008&09 ds n©jku
ns’k esa mojZdksa dh [kiRk dk LRkj 247 yk[k Vu i®"kd RkRoksa vFkkZRk ¼,u++ih+++ds½ Rkd igqp a tk,xk] Tkcfd xRk o"kZ
2007&08 ds n©jku i®"kd RkRoksa dh [kiRk 226 yk[k Vu gqbZ Fkh] bl izdkj [kir esa yx“x 9 ÁfRk’kRk dh o`f) gksxhA
o"kZ 2008&09 ds n©jku iwjs ns’k esa ;wfj;k rFkk Mh,ih dh [kiRk Øe’k% yxHkx 265 yk[k Vu vkSj 95 yk[k Vu rd
igqpa us dh la“kouk gS Tkcfd o"kZ 2007&08 esa ;g [kiRk Øe’k% 260 yk[k Vu vkSj 75 yk[k Vu Fkh A o"kZ 2008&09
ds n©jku ns’k esa ;wfj;k vkSj Mh,ih dk Øe’k% yxHkx 57 yk[k Vu vkSj 63 yk[k Vu dk vk;kr fd;k x;k A
bl o"kZ ds nkSjku bQdks us 112-58 yk[k Vu moZjdksa dh vc rd dh lokZf/kd fcØh dh] Tkcfd xRk o"kZ
2007&08 ds nkSjku 93-24 yk[k Vu moZjdksa dh fcØh gqbZ Fkh] bl Rkjg fcØh esa yx“x 20 ÁfRk’kRk dh o`f) nTkZ
dh xbZ A bl izdkj bQdks vkt fo’o esa moZjdksa dh lokZf/kd fcØh djus okyh laLFkk gksus dk xkSjo izkIr dj pqdh
gS A fcØh esa ;g o`f) leqfpr ykftfLVDl izc/a ku vkSj lHkh Lrjksa ij lfefr }kjk l?ku foi.ku j.kuhfRk;ka viukus
ds dkj.k g® ldh A o"kZ 2008&09 ds n©jku 58-69 yk[k Vu ;wfj;k dh fcØh gqbZ Tkcfd o"kZ 2007&08 ds nkSjku
54-29 yk[k Vu dh fcØh gqbZ Fkh] bl izdkj ls fcØh esa yx“x 8-1 ÁfRk’kRk dh o`f) ntZ dh xbZ A o"kZ 2008&09
ds nkSjku ,uihds@Mh,ih@,e,ih dh fcØh esa yxHkx 38-4 izfr’kr dh o`f) gqbZ vkSj ;g c<+dj 53-89 yk[k Vu
gks xbZ tcfd 2007&08 esa ;g 38-95 yk[k Vu Fkh A
bQdkss vius leLr moZjdksa dk foi.ku dsoy lgdkjh ra= ds ek/;e ls djrh gS ftlls ewY;ksa dks fLFkj cuk,
j[kus esa lgk;rk feyrh gS A jkT; ljdkjksa ,oa fdlkuksa }kjk bl ckr dh ljkguk dh tkrh gS A o"kZ 2008&09 esa
foi.ku izHkkx esa ÁfRk deZpkjh ^mRikndRkk* lokZf/kd 7397 Vu moZjdksa dh fcØh dh jgh tcfd 2007&08 ds nkSjku
;g lokZf/kd 6158 Vu Fkh A
o"kZ 2008&09 rFkk o"kZ 2007&08 ds nkSjku moZjdksa dh fcØh dk fooj.k fuEukuqlkj gS %

moZjdksa dh fcØh

32
De-bottlenecking Projects
Implementation of De-bottlenecking Projects at Aonla and Phulpur Units for Capacity Enhancement
of Ammonia/Urea Plants have been carried out at a cost of Rs. 335 Crore. On completion of these
Projects, total Urea Production Capacity of the Society from all the Plants is now increased from
36.9 Lakh MT to 42.4 Lakh MT per annum.

MARKETING
Sales Performance
The rains in the current year were not very conducive from the agriculture point of view. The
rainfall has been erratic and uneven in many areas. There were floods in the States of Bihar, Orissa,
U.P., West Bengal, Assam and NE States, Punjab, Haryana, Rajasthan, Gujarat, Maharashtra and
Andhra Pradesh. Besides, a drought-like situation prevailed in parts of M.P. and Maharashtra.
Consequently, the foodgrain production in the year 2008-09 is estimated at about 228 million tonne
as against 231 million tonne in 2007-08. The fertiliser consumption in the country during 2008-09 is
estimated at 247 lakh tonne of nutrients (N+P+K) as against about 226 lakh tonne of nutrients achieved
during 2007-08 representing an increase of about 9 per cent. During 2008-09, Urea and DAP
consumption is likely to be about 265 lakh tonne and 95 lakh tonne as against consumption of 260
lakh tonne and 75 lakh tonne in 2007-08, respectively. The imports of Urea and DAP in the country
during the year 2008-09 were about 57 lakh tonne and 63 lakh tonne, respectively.
During the year, the highest ever sale of 112.58 lakh tonne of fertiliser material was achieved by
the Society compared to the previous year’s record sale of 93.24 lakh tonne. representing an increase
of about 20 per cent. This has placed the Society as an individual organisation on the number one
position in processed fertiliser sales in the world. Higher sales could be achieved primarily due to
meticulous planning, proper logistics management combined with timely supplies and distribution
and intensive marketing strategy adopted at all levels. Urea sales during 2008-09 were 58.69 lakh
tonne as compared to 54.29 lakh tonne during 2007-08 representing an increase of 8.1 percent.
NPK/DAP/MAP sales during 2008-09 were higher by about 38.4 percent at 53.89 lakh tonne as
against 38.95 lakh tonne in 2007-08.
All the products were distributed through the Cooperative Channels, which helped in maintaining
price line. This fact has been well appreciated by State Governments and farmers. The ‘Productivity’
per employee in the Marketing Division was at 7397 tonne of fertiliser material sold during 2008-09,
which was the highest ever as compared to earlier record of 6158 tonne achieved during 2007-08.
The sales performance during the years 2008-09 and 2007-08 are given here under:

SALES OF FERTILISER MATERIAL

(Lakh MT)
Material 2008-09 2007-08
UREA – Own 40.71 39.66
– Imported 17.98 14.63
SUB TOTAL 58.69 54.29
NP/NPK
NPK/ DAP – Own* 31.35 36.42
– Imported 22.54 2.53
SUB TOTAL 53.89 38.95
TOTAL (UREA+NP+NPK+DAP) 112.58 93.24

*Includes sale of 128.65 MT Urea Phosphate (17:44:00) produced at the Kandla Unit, which is 100 per cent water soluble
fertiliser introduced in the market during the current financial year.

33
 foRkj.k usVodZ
bQdks vius moZjdksa dk forj.k ns’k ds 29 jkT;ks@ a la?k ’kkflr izn’s kksa esa lgdkfjrk ds usVodZ ls djrh gS A
izR;sd jkT; esa lgdkjh <kapk vyx&vyx gS vkSj fofHkUu jkT;ksa esa izR;sd Lrj dh lfefr;ka ¼ftyk@rkYyqdk@xzke½
vyx&vyx <ax ls dkjksckj djrh gSa A bQdks vius moZjdksa dh fcØh fofHkUu jkT;ksa esa fLFkr 39]824 lgdkjh
lfefRk;ksa ds ek/;e ls djrh gS A yxHkx 60 izfr’kr lfefr;ksa dks lh/ks bQdks ls vkSj 36 izfr’kr lfefr;ksa dks jkT;
foi.ku egkla?kksa ds ek/;e ls moZjdksa dh vkiwfrZ dh tkrh gS A ;s lfefr;ka ns’k Hkj esa QSyh gqbZ gSa vkSj yxHkx ns’k
ds lHkh xkaoksa esa dk;Zjr gSa vkSj lgdkjh iz.kkyh dk vk/kkj gSa A
bQdks dh uhfr ds vuqlkj bQdks }kjk mRikfnr ,oa vk;kfrr leLr moZjdksa dk foi.ku dsoy lgdkjh ra=
ds ek/;e ls fd;k tkrk gS A ;fn lgdkjh lfefr;ka bQdks }kjk izLrkfor leLr ek=k ugha ys ikrha rks vU;
laLFkkxr ek/;eksa dk Hkh lgkjk fy;k tkrk gS A bQdks }kjk pyk, tk jgs 158 fdlku lsok dsUnzkas ds ek/;e ls
Hkh moZjdksa dh fcØh dh tkrh gS A
mRikn Ápkyu
o"kZ 2008&09 ds nkSjku bQdks us la;=
a ksa ,oa cUnjxkgksa ls yxHkx 111-70 yk[k Vu moZjd lkexzh ¼;wfj;k rFkk
,uihs@,uihds@Mh,ihs@,e,ih½ dk Ás"k.k fd;k A blesa 9-78 yk[k Vu vksebQdks ;wfj;k] Hkkjr ljdkj dh vksj
ls vk;kfrr 7-99 yk[k Vu ;wfj;k] 21-74 yk[k Vu vk;kfrr Mh,ih ’kkfey gS A fofHkUu canjxkgksa ls vksebQdks
;wfj;k vkSj vk;kfrr ;wfj;k Hkkjr ljdkj }kjk fn, x, bZlh, vkaoVu ds vuqlkj vyx&vyx jkT;ksa dks Hkstk x;k A
fdlkuksa d® muds }kj ij moZjd miyC/k djkus ds mÌs’; ls lfefRk us 2008&09 ds n©jku ns’k “j esa dsUæh;
“aMkj.k fuxe@jkT; HkaMkj.k fuxe®a@lgdkjh “aMkjx`gksa essa 1904 “aMkj.k LFkkuksa d® fdjk;s ij fy;k fTkudh “aMkj.k
{keRkk yx“x 7 yk[k eh-Vu Fkh A blesa ls yx“x 69 ÁfRk’kRk “aMkj.k LFkku lgdkjh lfefr;ksa vFkkZr jkT;
lgdkjh foi.ku egkla?kks]a [email protected] LRkj dh lgdkjh lfefRk;ksa ds x®nkeksa esa vkjf{kRk fd;k x;k A moZjdksa
dh gSMa fyax vkSj ifjogu dk dk;Z Hkh mu lgdkjh lfefr;ksa vkSj foi.ku egkla?kksa dks vkcafVr fd;k tkrk gS tks
bl dk;Z dks izfrLi)hZ nj ij djus ds fy, lger gksrh gSa A
fdlku lsok dsUæ
lgdkjh lfefRk;ksa ds ek/;e ls moZjdksa dh fcØh djus ds vykok 10 jkT;ksa vFkkZr iatkc] gfj;k.kk] jktLFkku]
fgekpy izn’s k] mRrj izn’s k] mÙkjk[kaM ] fcgkj] e/; izn’s k] if’pe caxky vkSj xksvk esa bQd® ds vius 158 fdlku
lsok dsUæ ¼,Q,llh½ “h gSa tks ,d gh Nr ds uhps moZjd] chtks]a d`f"k&jlk;uksa vkfn dh vkiwfrZ djus ds
lkFk&lkFk] fdlkuksa dks Rkduhdh tkudkjh igqp a kus ds fy, lEidZ LFky ds :i esa Hkh dk;Z djrs gSa A o"kZ 2008&09
ds n©jku bu fdlku lsok dsUæksa us 4-47 yk[k Vu moZjdksa dh fcØh dh Tkcfd xRk o"kZ 2007&08 esa 3-97 yk[k Vu
moZjdksa dh fcØh dh xbZ Fkh A bl o"kZ ds n©jku fdlku lsok dsUæksa us vkSlru 672 yk[k #i;s dk fcØh dkjksckj

bQdks fdlku lsok dsna z

dk ,d n`’;

34
Distribution Network
The Society distributes its fertilisers in 29 States/UTs in the country through the Cooperative
system. The Cooperative structure differs from State to State. The societies at each level (district/
taluka/village) perform different functions in different States. The fertilisers are sold through a network
of 39,824 cooperative societies in different States. Nearly 60 per cent of the material was sold
directly to the societies whereas 36 per cent was routed through State Marketing Federations. These
societies are widely scattered, reaching out to most of the villages in the country and thus constitute
the backbone of the Cooperative network.
As a matter of policy, the Society channelises the marketing of entire production and imports
through the cooperative network. In case, the cooperatives are not able to absorb the quantities,
other institutional channels are utilised for distribution. The fertilisers are also sold through158 Farmers
Service Centres.
Product Movement
Fertiliser Material (Urea and NP/NPK/DAP/MAP) totalling 111.70 lakh MT was despatched from
the plants and ports during the year 2008-09. This included 9.78 lakh tonne of Urea from OMIFCO,
7.99 lakh tonne imported Urea on Government of India (GOI) account, and 21.74 lakh tonne imported
DAP. OMIFCO and imported Urea were despatched from the ports to different States according to
ECA allocation given by the GOI.
The Society’s distribution and storage system are an integral part of the agricultural value chain
and its marketing operation. In order to meet the highly seasonal demand from its cooperative
societies, IFFCO has developed an extensive transportation, storage and marketing system to maximise
delivery in peak periods. In order to make fertilisers available at the doorsteps of the farmers, the
Society has hired warehouse space all over the country at 1904 locations of CWC/SWC and
Cooperatives during 2008-09 with a total storage capacity of about 7 lakh tonne. Out of this,
approximately 69 per cent of space was reserved with Cooperatives, that is, State Cooperative
Marketing Federations, Taluka/Village Level Cooperative societies. The Handling and Transportation
work is allocated to the Cooperatives/Federations wherever they agree to do this job at the
competitive rates.
Farmers Service Centres
The Society operates its own 158 Farmers Service Centres (FSCs) spread over 10 States, namely,
Punjab, Haryana, Rajasthan, Himachal Pradesh, U.P., Uttrakhand, Bihar, Madhya Pradesh, West
Bengal and Goa. These Centres apart from supply of fertilisers, seeds, agro-chemicals, etc., under
one roof, also serve as the contact point for providing technical know-how to the farmers. During

A view of the
Bagging Plant

35
 fd;k Tkcfd xRk o"kZ 281 yk[k #i;s dk fcØh dkjksckj fd;k x;k Fkk A bu fdlku lsok dsUæksa us vius vkl&ikl
ds xkaoksa esa vko’;dRkk vk/kkfjRk lao)ZukRed dk;ZØe ;Fkk] fdlku l“k,a] feÍh dh Tkkap lac/a kh vf“;ku vk;®fTkRk
fd, Rkkfd moZjdksa ds laRkqfyRk ,oa dq’ky mi;ksx dks c<+kok fn;k Tkk lds A bu fdlku lsok dsUæksa ds ek/;e ls
fofHkUu Qlyksa ls lacfa /kr mUur iz.kkfy;ks]a laRkqfyRk moZjd mi;ksx] feÍh dh Tkkap vkfn fo"k;ksa ls lacfa /kRk lkfgR;]
LFkkuh; “k"kkvksa esa foRkfjRk fd;k x;k A

vkseku ls izkIr nkusnkj ;wfj;k

Hkkjr ljdkj us lfefr dks vksebQdks }kjk mRikfnr 50 izfr’kr vksebQdks ;wfj;k dh gSM a fyax vkSj foi.ku dk
nkf;Ro Hkh lkSia k gS A o"kZ 2008&09 ds n©jku bQdks us dkaMyk] fotkx] ihikoko] eqna kz ] dkdhukM+k vkSj dkdhukM+k Mhi
okVj] rwrhdksfju vkSj pSUubZ canjxkgksa ls 9-55 yk[k eh-Vu vksebQdks ;wfj;k ds 30 tgktksa dh gSM a fyax dh gS A
vksebQdks ;wfj;k dk iz"s k.k Hkkjr ljdkj }kjk fd, x, bZlh, vkaoVu ds vuqlkj vyx&vyx jkT;ksa dks fd;k x;k A

lg;ksxh dEifu;ksa ,oa ,lksfl,V~l dk dk;ZO;kikj ,oa mudh foRrh; leh{kk

fo’oO;kih vkfFkZd eanh ds o"kZ esa Hkh gekjh lg;ksxh laLFkkvksa us izxfr dh gS A geus vius dks vkSj etcwr cukus
ds fy, la;qDr m|eksa vkSj ,lksfl,V~l esa vius fuos’k dks c<+k;k gS rFkk vius ewy dkjksckj ds lkFk&lkFk lEc}
dk;Z{ks=ksa esa u, voljksa dh ryk’k Hkh dh gS rkfd gekjs dk;Z{ks= + dk foLrkj gks lds A
31 ekpZ 2009 dks lfefr dk fuos’k 914 dj®M+ #i;s Fkk tcfd 31 ekpZ 2008 dks ;g fuos’k 770-57 dj®M+ #i;s
Fkk ftldk fooj.k fuEu Ádkj gS%

¼dj®M+ #i;s½
31 ekpZ dks
2009 2008

la;qä m|eks@
a lgk;d dEifu;ksa esa fuos’k 888.27 750.13

O;kikfjd ,lksfl,V~l esa fuos’k 25.73 20.44

;ksx 914.00 770.57

fofHkUUk la;qDr m|eksa vkSj lgk;d dEifu;ksa ds dk;Zfu"iknu dk laf{kIr fooj.k fuEu Ádkj gS%
bQd®&V®D;®s Tkujy ba”;®jsal daiuh fyfeVsM ¼vkbZVhTkhvkbZ½
ekuuh; lnL;ksa d® Lej.k g®xk fd o"kZ 2000 esa “kjRk esa lkekU; chek dkj®ckj ’kq: djus ds fy, bQd®&V®D;®s
Tkujy ba’;®jsl a daiuh fyfeVsM ¼vkbZVhTkhvkbZ½ ds :i esa ,d la;qä m|e daiuh dh LFkkiuk dh Fkh A
vkbZVhTkhvkbZ dh 247 dj®M+ #i;s dh dqy bfDoVh esa bQdks vkSj blds ,lksfl,V~l dk va’knku 74 izfr’kr gS
tcfd V®D;® esjhu ,f’k;k dk va’knku 26 izfr’kr gS A 31 ekpZ] 2009 dks lekIr o"kZ ds vaufre ys[kkvksa ds vuqlkj
vkbZVhTkhvkbZ dk ldy fjVu izhfe;e 1515-52 dj®M+ #i;s jgk vkSj bls 6-92 dj®M+ #i;s dk dj&iwoZ YkkHk gqvk
gS A 31 ekpZ] 2009 rd bQdks us vkbZVhthvkbZ esa 303-38 djksM+ #i;s dk fuos’k fd;k gqvk gS A
ekuuh; lnL;ksa dks ;kn gksxk fd vkbZVhthvkbZ us foxr o"kksZa ds nkSjku ^ckfj’k chek ;kstuk^] ^ekSle chek
;kstuk^] ^fdlku lqfo/kk chek ;kstuk^ tSlh vfHkuo chek ;kstuk,a ykxw dh gSa tks fdlkuksa dh chek vko’;drkvksa
dks iwjk djus ds fy, ykHkdj fl) gqbZ gSa A o"kZ ds nkSjku vkbZVhthvkbZ us ^turk chek ;kstuk^] ^tu lqj{kk chek
;kstuk^] ^tu LokLF; chek ;kstuk^ vkSj ^efgyk lqj{kk chek ;kstuk^ ikfylh ykxw dh rkfd fdlkuksa vkSj muds
ifjokj ds lnL;ksa dks ?kjsyw lkeku] oS;fDrd nq?kZVuk vkSj LokLF; vkfn ds fy, chek doj miyC/k djk;k tk
lds A vkbZVhthvkbZ dh vfHkuo chek ;kstuk ^ladVgj.k chek ;kstuk^ tks fd lgdkjh lfefr ls [kkn [kjhnus
ls lEc) gS vkSj bQdks }kjk izk;ksftr gS] us vius vkBosa o"kZ esa izo’s k dj fy;k gS A bl chek ;kstuk ls vDrwcj
2001 ls vc rd 63-93 yk[k O;fDr;ksa dks chek lqfo/kk iznku dh xbZ gS rFkk 8484 fdlkuksa dks 44-34 djksM+ #i;s
ds nkoksa dk Hkqxrku fd;k x;k gS A
36
the year 2008-09, these FSCs sold 4.47 lakh tonne of fertilisers as against 3.97 lakh tonne in 2007-08.
The average turnover per FSC during 2008-09 was Rs. 672 lakh as against Rs. 281 lakh in the previous
year. FSCs have also organised need-based promotional programmes such as farmers meetings, soil
test campaigns and demonstrations, etc., in the villages around FSCs with a view to disseminate the
message of balanced and efficient use of fertilisers. Literature on package of recommended practices
for various crops, balanced use of fertiliser, soil testing etc. were distributed to the farmers in local
languages through these FSCs as well as in the field programmes.
Granular Urea from OMAN
The Government of India has entrusted the responsibility of the handling and marketing of 50
percent of OMIFCO Urea to the Society. During 2008-09, IFFCO handled 30 Vessels carrying 9.55
lakh MT OMIFCO Urea at Kandla, Vizag, Pipavav, Mundra, Kakinda and Kakinada Deep Water,
Tuticorin and Chennai Ports. Despatches of OMIFCO urea were made to different States against
ECA allocation.

BUSINESS AND FINANCIAL REVIEW OF SUBSIDIARIES AND ASSOCIATES

Even in this year of global economic meltdown, our business portfolio has been steadily growing
in tandem with the high growth aspirations. We have stepped up our investments in related businesses
through various Joint Ventures and Associate Companies in order to strengthen ourselves further by
looking at new opportunities that are unfolding and create value addition in the core fertiliser sector.
On 31st March 2009, the total investments were Rs. 914 Crore in comparison to Rs.770.57 Crore
on 31st March 2008 as per the following break-up:

(Rs. In Crore)
As on 31st March
2009 2008
Investment in Jt. Ventures/Subsidiaries 888.27 750.13
Investment in Business Associates 25.73 20.44
Total 914.00 770.57

The performance of various Joint Ventures, Subsidiaries and Associate Companies is briefly
discussed here under:
IFFCO-TOKIO General Insurance Company Limited (ITGI)
Hon’ble Members are aware that ‘IFFCO TOKIO General Insurance Company Limited (ITGI)’
was formed as a Joint Venture Company in the year 2000 for underwriting general insurance business
in India. Out of total equity capital of Rs. 247 Crore in ITGI, the Society and its associates hold 74
percent equity and Tokio Marine Asia holds 26 percent. As per provisional accounts for the year
ended 31st March, 2009, ITGI recorded a Gross Written Premium of Rs. 1515.52 Crore and Profit
before Tax of Rs. 6.92 Crore. Till 31st March, 2009, IFFCO has made an investment of
Rs. 303.78 Crore towards equity in the ITGI.
Members may kindly recall that ITGI in the past had launched previous products like, ‘Barish
Bima Yojna’, ‘Mausam Bima Yojna’, ‘Kisan Suvidha Bima Yojna’ to cater to the insurance requirements
of the farmers. During the year ITGI has launched various micro insurance policies like ‘Janta Bima
Yojna’, ‘Jansuraksha Bima Yojna’, ‘Janswasthya Bima Yojna’ and ‘Mahila Suraksha Bima Yojna’ to
provide protection to the farmers and their families and also poorer sections for their household
goods, personal accident and health. The unique policy ‘Sankat Haran Bima Yojana’ linked with the
purchase of fertiliser bags from the cooperative society and sponsored by IFFCO has entered in
eighth year. This policy provided insurance cover to 63.93 lakh farmers. 8484 claims to the tune of
Rs.44.34 Crore have been disbursed since October 2001.
37
 vkbZVhTkhvkbZ }kjk fuxfer lgk;d dEiuh] bQd® V®D;® ba’;ksjl as lfoZlTs k fyfeVsM ¼vkbZVhvkbZ,l½ bl le;
ns’k esa 254 LFkkuksa ij dk;Z dj jgh gS rFkk dkjksckj esa u, dhfrZeku cuk jgh gS A o"kZ 2008&09 ds n©jku
vkbZVhvkbZ,l us vkbZVhTkhvkbZ d® 525 dj®M+ #i;s dk lh/kk dkj®ckj fnyok;k tksfd o"kZ 2007&08 dh rqyuk esa
38 izfr’kr vf/kd gS A
v®eku bafM;k QfVZykbtj dEiuh ¼v®ebQd®½
v®eku bafM;k QfVZykbtj dEiuh ¼v®ebQd®½] ,d la;qDr m|e dEiuh gS ftlesa bQdks us 329-08 djksM+ #i;s
dk fuos’k fd;k gS vkSj bldh bfDoVh esa 25 ÁfRk’kRk dk va’knku fd;k gS A v®ebQd® ds la;= a ksa dh laLFkkfir {kerk
16-52 yk[k eh-Vu ;wfj;k vkSj 2-5 yk[k eh-Vu cs’kh veksfu;k dh gS A vksebQdks us lwj ¼v®eku½ esa 14 tqykbZ] 2005
ls okf.kfT;d mRiknu vkjaHk fd;k Fkk A
31 fnlEcj] 2008 dks lekIr o"kZ ds nkSjku vksebQdks dk dk;Zfu"iknu vfrJs"B Fkk A dEiuh us 19-52 yk[k
eh-Vu ;wfj;k vkSj 1-99 yk[k eh- Vu cs’kh veksfu;k dk mRiknu fd;k A leh{kk/khu vof/k ds nkSjku vksebQdks us
432 fefy;u vesfjdh Mkyj dk jktLo ¼xr o"kZ 311 fefy;u vesfjdh Mkyj½ vkSj viuh LFkkiuk ls vc rd
dk dqy 237 fefy;u vesfjdh Mkyj dk dj&i’pkr fuoy ykHk vftZr fd;k ¼xr o"kZ 132 fefy;u vesfjdh
Mkyj ½ A o"kZ ds nkSjku bQdks dks vksebQdks ls 245-55 djksM+ #i;s ¼xr o"kZ 111-98 djksM+ #i;s½ dk ykHkka’k izkIr
gqvk gS A
bQd® NÙkhlx<+ ikoj fyfeVsM ¼vkbZlhih,y½
lfefr us ftyk ljxwtk] NÙkhlx<+ esa 1320 esxkokV {kerk dk d®;yk vk/kkfjr fo’kky fo|qr la;= a LFkkfir
djus ds fy, NÙkhlx<+ jkT; fctyh c®MZ ¼lh,lbZch½ ds lkFk feydj bQd® NÙkhlx<+ ikoj fyfeVsM ¼vkbZlhih,y½
uked la;qä m|e daiuh dk fuxeu djds fo|qr {ks= esa Áos’k fd;k gS A lqijfØfVdy VSDu®y‚th ij vk/kkfjr
bl ifj;®tuk ij 7500 dj®M+ #i;s dh ykxr vkus dk vuqeku gS A Áeq[k “kxhnkj ds :i esa bQd® bl fo|qr
daiuh dh bfDoVh esa 74 Áfr’kr dk va’knku djsxh A bl ifj;®tuk dk foÙk Áca/k _.k % bfDoVh ds 70%30 ds
vk/kkj ij fd;k tk,xk A jkT; ljdkj us bl ifj;®tuk ds fy, rkjk d®y Cykd dk vkcaVu fd;k gS A bl fo|qr
la;=a ds dk;Zpkyu ds fy, d®;ys dh fo’oluh; vkiwÆr ds mÌs’; ls vkbZlhih,y us dks;yk Cykd dks fodflr
djus ds fy, NÙkhlx<+ [kfut fodkl fuxe ¼lh,eMhlh½ ds lkFk feydj lh,eMhlh vkbZlhih,y dksy fyfeVsM
¼lhvkbZlh,y½ uked dEiuh dk xBu fd;k gS A vkbZlhih,y d® bl fo|qr ifj;®tuk ds fy, ikuh dk vkcaVu
g® x;k gS vkSj fo|qr ea=zky; ls ^fl)kar :i es*a esxk ikoj ifj;kstuk ds LVsVl+ dk vuqeksnu fey x;k gS A “wfe
vf/kxzg.k dh ÁfØ;k vfxze pj.k¨a esa gS vkSj vU; Dyh;jsl
a ;Fkk i;kZoj.k vkSj ou foHkkx ls Dyh;jsl
a Hkh feyus dh
izrh{kk gS A vk’kk gS bl ifj;®tuk dh foÙk O;oLFkk d® 2009 dh rhljh frekgh rd vfUre :i ns fn;k
tk,xk A ;g “h vk’kk gS fd okf.kfT;d mRiknu o"kZ 2012&13 esa ’kq: g® tk,xk A vkbZlhih,y us lh,lbZch ds
turk chek ;kstuk dk
'kqHkkjaHk djrs gq,
vkbZVhthvkbZ ds foŸk
lykgdkj] Jh ,e ds
VaMu] Jh ohj izrki flag
,oa vf/kdkjhx.k

38
 ‘IFFCO TOKIO Insurance Services Limited (ITIS)’, the subsidiary company of ITGI has scaled new
heights by extending its presence to over 254 locations across the country. During the year 2008-
09, the company has sourced and serviced premium of Rs.525 Crore for ITGI registering a growth
of 38 per cent over 2007-08.
Oman India Fertiliser Company (OMIFCO)
Oman India Fertiliser Company (OMIFCO) is a Joint Venture Company in Oman in which
the Society has invested an amount of Rs. 329.08 Crore to acquire 25 percent equity in OMIFCO,
which has an installed capacity of 16.52 lakh tonne Urea and 2.5 lakh tonne surplus Ammonia.
OMIFCO commenced commercial production at its plant at Sur (Oman) with effect from 14th
July, 2005.
During the year ended 31st December, 2008, OMIFCO had registered an excellent performance.
The company produced 19.52 lakh tonne Urea, 1.99 lakh tonne surplus Ammonia, with its revenues
at US$432 million (Previous Year US$311 million) and Profit after Tax at US$237 million (Previous
Year US$132 million), which were the highest since its inception. During the year IFFCO has received
a dividend of Rs. 245.55 Crore (Previous Year Rs.111.98 Crore) from OMIFCO.
IFFCO Chhattisgarh Power limited (ICPL)
The Society has diversified into the Power Sector by incorporating a Joint Venture Company,
namely ‘IFFCO Chhattisgarh Power Limited’ (ICPL) with Chhattisgarh State Electricity Board (CSEB)
to set up a 1320 MW coal-based Mega Power Plant in District Surguja of Chhattisgarh. Based on
supercritical technology, the project cost is estimated at Rs. 7500 Crore. As the majority partner, the
Society will hold 74 per cent equity in ICPL. The project is envisaged to be financed with debt:
equity ratio of 70:30. The State Government had allocated Tara Coal Block for this project. In order
to ensure reliable coal supply for the Power Plant operation, ICPL has formed a Joint Venture Company
named CMDC ICPL Coal Ltd. (CICL) with Chhattisgarh Mineral Development Corporation (CMDC)
to develop the coal block. ICPL has obtained water allocation for the power project and ‘in principle’
approval of Mega Power Status for the power project from the Ministry of Power. The process for
land acquisition is in advanced stage along with other clearances like Environmental clearances and
Forest clearance. The Project is expected to achieve financial closure in the third quarter of 2009.
It is expected to commence commercial operation in the year 2012-13. ICPL had signed the Power

Shri P. Chidambaram,
the then Hon’ble
Union Minister for
Finance, launching
IFFCO-Tokio’s Janta
Bima Yojna in the
South. Shri K. Srinivasa
Gowda, Chairman, ITGI
and Shri N.K. Kedia,
Marketing Director,
are also present

39
 lkFk bl ifj;®tuk }kjk mRikfnr fuoy fo|qr dh 90 Áfr’kr fo|qr cspus ds fy, *fo|qr [kjhn djkj* fd;s gSa
vkSj ’ks"k fo|qr vU; jkT;¨a d® csph tk,xh A
31 ekpZ] 2009 rd bQd® us bl daiuh dh bfDoVh esa 44-40 dj®M+ #i;s dk va’knku fd;k gS A

bQdks fdlku lapkj fyfeVsM ¼vkbZds,l,y½

bQdks fdlku lapkj fyfeVsM dk fuxeu vizSy] 2007 esa fd;k x;k Fkk A bldk mÌs’s ; lwpuk vkSj lapkj
izkS|ksfxdh dk bLrseky djds Hkkjr ds fdlkuksa dks l’kDr cukuk vkSj ns’k ds lgdkfjrk usVodZ dks etcwr djuk
gS A foÙk o"kZ 2008&09 ds nkSjku ;g dEiuh izkjafHkd voLFkk ls vkxs Ck<+dj ns’k esa xzkeh.k VsyhdkWe fjVsfyax
lfoZflt ds {ks= + esa ,d izeq[k dEiuh cu xbZ gS A bl o"kZ ds nkSjku dEiuh us ns’k ds 18 jkT;ksa esa viuk dkjksckj
iwjh rjg ls djuk vkjaHk dj fn;k gS A ekpZ] 2009 ds var rd vkbZd,s l,y dk orZeku lClØkbcj vk/kkj yxHkx
14]95]000 Fkk ftlesa eq[;r% fdlku gSa A xr o"kZ 3267 lfefr;ka gekjs mRiknksa dk O;kikj djrh Fkh ftudh la[;k
c<+dj 22000 gks xbZ gS A lfefr;ksa us bl {ks= dh vlhe laHkkoukvksa dks ns[krs gq, bls fofo/khdj.k ds fodYi
ds :i esa viuk;k gS A bl o"kZ ds nkSjku vkbZd,s l,y us 76 djksM+ #i;s dk VkWdVkbe] yxHkx 200000 eksckby
gSM
a lSV vkSj yxHkx 110000 Ýh Iys ,uthZ mRikn csps A o"kZ 2008&09 esa vkbZd,s l,y dk 120 djksM+ #i;s dk+
fjdkMZ dkjksckj gksus dh vk’kk gS A
vkbZd,s l,y dh lsokvksa dh izeq[k izkFkfedrk xzkeh.k VsyhdkWe ds {ks= + esa miHkksDrkvksa dks ewY; laof/kZr lsok,a
miyC/k djkuk jgk A xzkeh.k {ks=ksa esa jgus okys yksxksa dh fnu izfrfnu dh vko’;drkvksa ls lacfa /kr 5 fu’kqYd okbl
eSlt s Hksts tkrs gSa A ,d gSYi ykbu ds }kjk fdlkuksa dks d`f"k lac/a kh lwpuk,a fo’ks"kKksa }kjk miyC/k djkbZ xbZa vkSj
fofHkUu izdkj dh ubZ&ubZ xfrfof/k;ksa ds ek/;e ls miHkksDrkvksa dks tkudkjh ds gLrkarj.k dk eq[; lzkrs
miyC/k djk;k x;k A vkbZd,s l,y us viuh gh rjg dh vU; laLFkkvksa vkSj laxBuksa ds lkFk egRoiw.kZ le>kSrs fd,
rkfd xkaoksa esa lsok,a miyC/k djkbZ tk ldsa vkSj blds usVodZ ds ek/;e ls Hksths tkus okyh lwpuk dh xq.koRrk dks
lqfuf’pr fd;k tk lds A
31 ekpZ] 2009 dks vkbZd,s l,y dh iznRr 'ks;jiwt a h 5 djksM+ #i;s Fkh ftlesa ls lfefr us 72-99 izfr'kr dh
bfDoVh 'ks;j/kkfjrk ls 3-65 djksM+ #i;s dk fuos'k fd;k gqvk gS A
us'kuy deksfMVh ,aM MsjhosfVOl ,Dlpsat fyfeVsM ¼,ulhMSDl½
us'kuy deksfMVh ,aM MsjhosfVOl ,Dlpst
a fyfeVsM ¼,ulhMSDl½ dh iznRr 'ks;j iwt a h ¼30 djksM+ #i;s½ esa bQdks dh
bfDoVh Hkkxhnkjh 12 izfr'kr gS vkSj bldh 10 djksM+ #Ik;s dh lEiw.kZ fizQjsl a iwt
a h Hkh bQdks ds ikl gS A
,ulhMSDl ,d Mhe~;Pq ykbTM] vkWu&ykbu jk"Vªh; Lrj dk deksfMVh ,Dlpst a gS tks ns'k esa deksfMVht dh ¶+ ;wpj
VªÇs Mx ds fy, VªÇs Mx eap miyC/k djokrk gS vkSj vius cktkj Hkkxhnkjksa dks ewY; 'kks/ku ¼izkbl fMLdojh½ vkSj ewY;
tksf[ke ls gSftax iznku djrk gS A bl le; ,ulhMSDl 56 deksfMVht esa dkaVDsª V djrk gS ftuesa ls 42 Ñf"k
de®fMVht] 2 ljkZQk] 6 /kkrq] 2 ÅtkZ rFkk 3 ikWfyelZ vkSj ,d bUok;juesVa ¼dkcZu Øsfs MV½ de®fMVht gSa A
fdlku ykyVsu ,oa
fdlku VkpZ dh tkudkjh
nsrs gq, vf/kdkjh

40
Purchase Agreement (PPA) with CSEB for 90 percent of the net power, to be produced from the
project, and balance power would be sold to other States.
Till 31st March, 2009, the Society has contributed Rs. 44.40 Crore towards equity in ICPL.
IFFCO Kisan Sanchar Limited (IKSL)
IFFCO Kisan Sanchar Limited was incorporated in April, 2007 with the objective to use the
information technology to empower farmers in rural areas and to strengthen the cooperative network
in the country. During the financial year 2008-09, IKSL has grown beyond its pilot stage and emerged
as a key player in rural telecom retailing services in the country. IKSL has commenced full-fledged
activities in 18 States of the country during the year. The present subscriber base of IKSL at the end
of March 2009 is about 1495000 which predominantly constitutes farmers. From a base of 3267
societies in the previous year, about 22000 Cooperative societies have adopted this channel as a
diversification option in this emerging arena of major potential. During the year, IKSL has sold talk
time worth Rs 76 Crore, about 200000 mobile handsets and about 110000 Freeplay Energy products.
IKSL is expected to record a turnover of about Rs 120 Crore for the year 2008-09.
The highlight of IKSL’s services in the rural telecom domain continues to be Valued Added Services
(VAS) extended to the subscribers. Five free voice messages of immediate relevance to people living
in rural areas, a Help Line with experts to provide information inputs to the farmers and several other
innovative activities for subscribers constitute a major source of knowledge transfer. IKSL has forged
strategic tie-ups with likeminded institutions and organisations to promote the services in villages
and also to ensure the quality and relevance of information supplied through the network.
As on 31st March, 2009, the Paid-up Share Capital of IKSL was Rs. 5 Crore, in which the Society
held an investment of Rs.3.65 Crore with equity shareholding of 72.99 percent.
National Commodity and Derivatives Exchange Ltd. (NCDEX)
The Society holds 12 percent equity in the Paid-up Share Capital (Rs. 30 Crore) and the entire
preference capital of Rs. 10 Crore in the National Commodity and Derivative Exchange Limited (NCDEX).
NCDEX is a demutualised, on-line national level commodity exchange providing a trading platform
for futures trading in commodities in the country and offers its market participants opportunity at
price discovery and price risk hedging. Currently, NCDEX offers contracts in 56 commodities, that
is, 42 agricultural commodities, 2 bullion, 6 metals, 2 energy and 3 polymers and 1 environment
(carbon credit).

Dr. U.S. Awasthi,

MD, IFFCO and
Dr. U.D. Choubey,
CMD, GAIL,
exchanging the MoU
for cooperation in the
natural gas-related
opportunities

41
 ,ulhMSDl ds 845 ls vf/kd VªÇs Mx vkSj fDy;Çjx lnL; gSa ftuds ikl 19000 ls vf/kd VªÇs Mx VÆeuy gS]a
ftuds ek/;e ls iwjs ns'k esa 657 dsUæ¨a ds ,Dlpst
a ls lEidZ fd;k tk ldrk gS A ,ulhMSDl us 437 os;jgkml
d® ekU;rk iznku dh gS ftuds ikl 1-3 fefy;u Vu ls vf/kd dh HkaMkj.k {kerk gS vkSj tks vius IysVQkeZ ls
de®fMVht dh VªÇs Mx ds fy, HkaMkj.k vkSj fMyhojh dj ldrs gSa A blds vykok] bl ,Dlpst a ds 66 vuqe®fnr
fMi®ftVjh ikVhZflisVa ~l vkSj 13 fDy;Çjx cSd a gSa t® muds fDy;Çjx lnL;¨a }kjk Hksth xbZ VªM
s ds vkijs'ku]
fDy;Çjx vkSj lSVyesVa dk dk;Z ck[kwch djrs gSa A”
31 ekpZ] 2008 d® lekIr o"kZ esa bldh dqy vk; 96 dj®M+ #i;s Fkh vkSj dj i'pkr ykHk 8-76 dj®M+ #i;s
Fkk A 2007&08 esa bl daiuh ls 18 yk[k+ #i;s dk ykHkka'k ÁkIr gqvk gS A
us'kuy d®ysVjy eSustesaV lÆoflt fyfeVsM ¼,ulh,e,l,y½
bQd® us o"kZ 2004 esa vU; laLFkkvksa ds lkFk feydj us'kuy d®ysVjy eSut s esVa lÆoflt fyfeVsM ¼,ulh,e,l,y½
dk lg&ÁorZu fd;k Fkk A ,ulh,e,l,y] t® Hkkjr esa LFkkfir jk"Vªh; Lrj dh igyh d®ysVjy eSut s esVa daiuh
gS] esa bQd® dh 13-56 Áfr'kr bfDoVh Hkkxhnkjh gS A ,ulh,e,l,y deksfMVht ls lacfa /kr fofHkUu tksf[ke
izc/a ku lsok,a vFkkZr HkaMkj.k vkSj ifjj{k.k lsok,a] dksyVs jy eSut s esVa lsok,a] izkDs ;ksjesVa lsok,a] xq.koRrk VsfLVax vkSj
izek.ku lsok,a o lwpuk lsok,a miyC/k djkus ds {ks= es dk;Z dj jgk gS A ,ulh,e,l,y vius lnL;ksa dks HkaMkj.k
ds fy, ekU;rk izkIr HkaMkjx`g miyC/k djk dj] VsfLVax vkSj izek.ku lsok,a miyC/k djkdj ,Dlpst a Vªfs Max djus
okyh csgrj lsok,a miyC/k djkrk gSA ,ulh,e,l,y vk/kqfud vkSj oSKkfud HkaMkjx`gksa ds lkFk ubZ HkaMkj {kerk
l`ftr djus ds {ks= esa Hkh dk;Z dj jgk gS tks deksfMVh cktkjksa eas lHkh fgr/kkjdksa ds fy, ykHknk;d gksxh A blds
vykok] ,ulh,e,l,y Ñf"k ds {ks= esa ,ulh,e,l,y cSd a ksa ls /ku izkIr djus ds fy, dksyVs jy flD;ksfjVh ds :i
esa j[kh tkus okyh deksfMVht ds lac/a k esa dksyVs jy eSut s esVa lsok,a miyC/k djkus ds fy, lkoZtfud vkSj futh
{ks= ds cSd a ksa ds lkFk Hkh feydj dkQh dk;Z dj jgk gS A
o"kZ 2007&08 ds n©jku ,ulh,e,l,y d® dqy 104-73 dj®M+ #i;s ¼xr o"kZ 104-89 dj®M+ #i;s½ dh vk; gqbZ
vkSj 10-47 dj®M+ #i;s dk dj&i'pkr ykHk ¼xr o"kZ 12-01 dj®M+ #i;s½ gqvk A
fdlku baVjus'kuy VªsÇMx ,QtSMbZ ¼dsvkbZVh½
fdlku baVjus'kuy VªÇs Mx ,QtSMbZ ¼dsvkbZVh½ dh LFkkiuk lfefr dh iw.kZ LokfeRo okyh lgk;d daiuh ds :i
esa vizSy] 2005 esa nqcbZ esa dh xbZ Fkh A bl dEiuh us vius dk;Zpkyu dk pkSFkk foÙk o"kZ lQyrkiwoZd iwjk dj
fy;k gS A dsvkbZVh vUrjkZ"Vªh; O;kikj ds {ks= esa ,d Áeq[k laLFkk cu xbZ gS t® fofHké moZjd¨a ds fy, dPps eky

42
 NCDEX has over 845 trading and clearing members, having more than 19,000 trading terminals
which can connect to the Exchange from across 657 centres across the country. NCDEX has
accredited 437 warehouses, with a storage capacity of more than 1.3 million MT for storage and
delivery of commodities traded on its platform. Besides these, the Exchange has approved 66
depository participants, 13 clearing banks for ensuring smooth operations, clearing and settlement
of trades put through by its trading and clearing members.
For the year ended 31st March, 2008, the total income was Rs. 96 Crore and Profit after Tax was
Rs. 8.76 Crore. Dividend of Rs.18 lakh was received from the company during 2007-08.
National Collateral Management Services Ltd. (NCMSL)
Along with other reputed institutions, IFFCO co-promoted National Collateral Management
Services Limited (NCMSL) in the year 2004. The Society holds 13.56 per cent of the paid up equity
capital in NCMSL. NCMSL is engaged in providing various risk management services related to
commodities like Storage and Preservation services, Collateral Management services, Procurement
services, Quality Testing and Certification services and Information services.
NCMSL supports the commodity exchange by providing accredited warehouses for deposit by
members and providing testing and certification services to ensure quality of commodities deposited
for trading on the exchange platform. NCMSL is also working on a proposal to create new
warehousing capacity with modern and scientific warehouses, which will benefit all stakeholders in
the commodity markets. NCMSL also works extensively with public and private sector banks for
providing collateral management services in respect of commodities given as collateral security for
funding obtained from banks.
For the year 2007-08, the NCMSL achieved a total income of Rs. 104.73 Crore (Previous year
Rs. 104.89 Crore) and Profit after Tax of Rs. 10.47 Crore (Previous year Rs. 12.01 Crore).
Kisan International Trading FZE (KIT)
Kisan International Trading FZE (KIT) was set up as a wholly owned subsidiary of the Society in
Dubai in April 2005. The outfit has successfully completed its fourth financial year of operation.
KIT has become a leading international trading organisation, which handles the import and export

Shri S.K. Jakhar,

Chairman, IFFCO,
addressing farmers in a
Seminar on Dry Land
Farming and Fertiliser
Use Efficiency

43
 rFkk bUVjehfM,V~l dk vk;kr&fu;kZr djrh gS A dsvkbZVh us Hkkjr ls phu d® y©g v;Ld QkbUl ds fu;kZr dh
fn'kk esa Hkh dne mBk;s gSa A dsvkbZVh us Áeq[k mRiknd¨a] ÁR;{k fcØhdrkZvksa vkSj vU; Áeq[k VªÇs Mx daifu;¨a ds lkFk
vius lEca/k fodflr fd;s gSa vkSj moZjd¨a ds foi.ku ds {ks= esa bldk uke ,d tkuk&ekuk uke cu x;k gS A
dsvkbZVh us jkT; O;kikj miØe¨a ;Fkk ,e,eVhlh vkSj vkbZih,y ds ek/;e ls Hkkjr esa vk;kfrr ;wfj;k dh
vko';drk d® iwjk djus ds Á;kl Hkh fd;s gSa A dsvkbZVh us Hkkjr esa fofHkUu miHkksDrkvksa ds fy, rS;kj moZjd ;Fkk
Mh,ih] ,e,ih dk Hkh vk;kr fd;k A o"kZ 2007&08 ds n©jku dsvkbZVh us 570 fefy;u vesfjdh Mkyj dk fcØh
dkjksckj fd;k vkSj 26 fefy;u vesfjdh Mkyj dk ykHk vftZr fd;k A dsvkbZVh us o"kZ 2008&09 ds fy, bQdks
dks 27-81 djksM+ #i;s dk vuafre ykHkka'k vnk fd;k A
baM® bftfI'k;u QÆVykbtlZ daiuh] ,l,bZ ¼vkbZbZ,Qlh½
bQd® us Áfrfnu 1500 Vu ih2v¨5 dh mRiknu {kerk dk QkLQ®fjd ,flM la;= a yxkus ds fy, felz dh vy
utj ekbÇux daiuh ds lkFk feydj **baM® bftfI'k;u QÆVykbtj daiuh**] ,l,bZ ¼vkbZbZ,Qlh½ uked la;qä
m|e daiuh dk ÁorZu fd;k gS A vkbZbZ,Qlh dk fuxeu felz esa 15 uoEcj] 2005 d® ,d la;qä LV‚d daiuh ds
:i esa fd;k x;k Fkk ftlesa bQd® vkSj mldh lg;®xh laLFkkvksa dh Hkkxhnkjh 76 Áfr'kr gS vkSj vy ut+j ekbÇux
daiuh] felz dh bfDoVh Hkkxhnkjh 24 Áfr'kr gS A bQdks us vc rd bl dEiuh esa 38-89 djksM+ #i;s dk bfDoVh
va'knku fd;k gS A gky gh es]a felz esa fu;ked okrkoj.k vkSj dkuwuh ÝseodZ esa ifjorZu gksus ds dkj.k fQygky
bl ifj;kstuk ij dk;Z rc rd ds fy, jksd fy;k x;k gS tc rd felz dh ljdkj ls vafre vuqeksnu izkIr ugha
gks tkrk A
t®MZu bafM;k QÆVykbtj daiuh ¼ftQdks½
bQd® vkSj t®MZu QkLQsV~l ekbUl daiuh fyfeVsM ¼tsih,elh½] t®MZu us **Ýh t®u** flLVEk ds varxZr tksMZu
esa b'khfn;k esa 1500 Vu Áfrfnu ih2v¨5 {kerk dk ,d QkLQ®fjd ,flM la;= a yxkus ds fy, 6 ekpZ] 2008 d®
vEeku] t®MZu esa tksMZu bafM;k QÆVykbtj daiuh ¼ftQd®½ dk lhfer nkf;Ro okyh la;qä m|e daiuh ds :i
esa xBu fd;k gS A bl daiuh esa bQd® dh bfDoVh 52 Áfr'kr g®xh tcfd tsih,elh dh bfDoVh 48 Áfr'kr
g®xh A tsih,elh bl ifj;®tuk ds fy, okafNr ek=k esa j‚d QkLQsV miyC/k djk,xh A fofHkUu ifj;kstuk&iwoZ
xfrfof/k;ka vkSj lkbV ls lEc) v/;;u fd, tk jgs gSa A ifj;kstuk ds fy, Hkwfe dk vkoaVu ,oa i;kZoj.k
Dyh;jsl a rFkk Ýh VªMs tksu LVsV+ l dh vuqefr izkIr gks pqdh gS A baVjus'kuy Qkbusl
a dkji®js'ku ¼vkbZ,Qlh½ d®
bl ifj;®tuk ds fy, Áeq[k foÙkh; lykgdkj&lg&O;oLFkkdrkZ ds :i esa fu;qä fd;k x;k gS A bQdks vc
rd ftQd® dh bfDoVh esa 59-11 djksM+ #i;s dk fuos'k dj pqdh gS A
bQd® fdlku ,lbZtSM fyfeVsM
lfefr us uSYywj ¼vka/kz Áns'k½ esa **bQd® fdlku ,lbZtSM** uked ,d cgq&mRikn dh LFkkiuk dk dk;Z vkjaHk
fd;k gS ftldk ÁkFkfed y{; [kk| ÁlaLdj.k vkSj Ñf"k vk/kkfjr m|®x g®axs A bl ifj;®tuk ds dk;kZUo;u ds
fy, ,d fof'k"V mÌs'; daiuh ftldk uke bQd® fdlku ,lbZtSM fyfeVsM gS] dk fuxeu 25 ekpZ] 2008 d® fd;k
x;k gS A uSYywj esa vkbZd,s lbZtSM fyfeVsM ifj;kstuk dh lkbV ij 21 ekpZ] 2008 dks vkU/kz izn's k ds ekuuh; eq[;
ea=h] MkW-okbZ ,l jktk'ks[kj jsM~Mh }kjk f'kykU;kl fd;k x;k A bl cgq&mRikn fo'ks"k vkfFkZd tksu ds fodkl]
izpkyu vkSj vuqj{k.k ds fy, okf.kT; vkSj m|ksx ea=ky;] okf.kT; foHkkx] Hkkjr ljdkj ls 5 ebZ] 2008 dks
vkSipkfjd vuqeksnu izkIr gks x;k gS A oSxfs uxu ;wvkj] vYVsjk uhnjySM a ~l ls leh{kk ds fy, ekLVj Iyku izkIr gks
x;k gS A vU; daifu;¨a ds lkFk feydj bl ifj;®tuk dh foLr`r O;kikj ;®tuk rS;kj dh tk jgh gS A uoEcj]
2008 esa uSYywj esa igyk fuos'kd jksM 'kks vk;ksftr fd;k x;k ftlesa fuos'kdksa us Hkkxhnkjh djus ds fy, xgjh #fp
fn[kkbZ A fdlku ,lbZtSM u dsoy bl {ks= esa vkS|®xhdj.k d® c<+kok nsxk cfYd lkekU;r% vke turk d® vkSj
fo'ks"k :i ls fdlku¨a d® j®txkj vkSj O;kikj ds volj¨a dk ykHk Hkh Ánku djsxk A
bafM;u i®Vk'k fyfeVsM ¼vkbZih,y½
lfefr us bafM;u i®Vk'k fyfeVsM ¼vkbZih,y½ esa 2-68 dj®M+ #i;s dk fuos'k fd;k gqvk gS t® fd vkbZih,y dh
ÁnÙk bfDoVh 'ks;jiwt
a h ds 34 Áfr'kr ds cjkcj gS A vkbZih,y Áeq[k :i ls i®Vkf'kd rFkk xSj&i®Vkf'kd moZjd¨a
ds vk;kr dk dkj®ckj djrh gS A o"kZ 2007&08 ds n©jku bl daiuh us ,ev¨ih] Mh,ih vkSj ;wfj;k dh fcØh esa
dkQh o`f) ntZ dh ftlds ifj.kkeLo:i bldk fcØh dkj®ckj c<+dj 11593-03 dj®M+ #i;s g® x;k vkSj blus
34-80 dj®M+ #i;s dk fuoy ykHk vÆtr fd;kA lfefr dks o"kZ 2007&08 ds n©jku ykHkka'k ds :i esa 0-87 dj®M+
#i;s ÁkIr gq, A
44
of various fertilisers and fertiliser Raw Materials and Intermediates. KIT has also ventured into export
of Iron Orefines from India to its buyers in China. KIT has developed business relations with leading
manufacturers, direct sellers and other leading trading entities and has become a name to reckon
with in the fertiliser market. KIT has also been catering to the requirement of imported Urea for
consumption in India through State Trading Enterprises like MMTC and IPL. KIT has also sourced
finished fertilisers like DAP, MAP for various customers in India. During the year 2007-08, KIT achieved
a turnover of US$570 Million and earned a profit of US$26 Million. KIT has paid an interim dividend
of Rs. 27.81 Crore to IFFCO for the year 2008-09.
Indo Egyptian Fertilisers Company, SAE (IEFC)
The Society promoted a joint venture in Egypt, namely ‘Indo Egyptian Fertilisers Company SAE’
(IEFC) along with El Nasr Mining Company of Egypt to set up a Phosphoric Acid plant with a capacity
of 1500 tonnes P2O5 per day. IEFC was incorporated in Egypt as a Joint Stock Company on 15th
November, 2005 with shareholding of IFFCO and its Affiliates at 76 percent and El Nasr Mining
Co. Egypt holding 24 per cent equity. IFFCO has so far invested Rs. 38.89 Crore as its equity in
IEFC. As a result of certain recent changes in regulatory environment and legal framework in Egypt,
the project is currently on hold for want of final approval from Government of Egypt.
Jordan India Fertilizer Company (JIFCO)
IFFCO and Jordan Phosphate Mines Company (JPMC), Jordan have formed a Limited Liability Joint
Venture Company, namely Jordan India Fertilizer Company (JIFCO) on 6th March, 2008 in Amman,
Jordan under the ‘Free Zone’ system to set up a phosphoric acid plant of capacity
1500 tonnes per day P2O5 at Eshidiya in Jordan. In this company, IFFCO holds 52 per cent equity,
while JPMC holds 48 per cent equity. JPMC will make available the required quantity of Rock Phosphate
for the project. Various pre-project activities and Site-related studies are under progress. The land for
project is allocated and environmental clearance and the Free Zone status has been granted. The
International Finance Corporation (IFC) has been appointed as the Lead Financial Arranger-cum-Advisor
for the Project. IFFCO has so far invested Rs. 59.11 Crore as its equity in JIFCO.
IFFCO Kisan SEZ Limited
The Society is setting up a multi-product ‘IFFCO Kisan SEZ’ at Nellore (A.P.) with primary focus
on Food Processing and Agri-Based Industries. A separate special purpose company by the name of
IFFCO Kisan SEZ Ltd. has been incorporated on 25th March, 2008 to implement this project. The
foundation stone was laid at IKSEZ Ltd. project site at Nellore by Hon’ble Chief Minister of Andhra
Pradesh, Dr. Y.S. Rajasekhara Reddy on 21st March, 2008. The formal approval for ‘Development,
Operation and Maintenance of the Multi product Special Economic Zone’ has been received from
the Government of India, Ministry of Commerce and Industry, Department of Commerce, on 5th
May, 2008. The Master Plan from Wageningen UR, Alterra Netherlands has been received for review.
The detailed Business Plan for the project is being firmed up along with participation of other entities.
The first investors road show was arranged at Nellore in November, 2008 in which investors have
expressed a keen interest to participate in this project. Kisan SEZ will not only boost the industrialisation
of the area but also benefit the local population in general and farmers in particular in terms of
employment and business opportunities.
Indian Potash Limited (IPL)
The Society holds an investment of Rs. 2.68 Crore in Indian Potash Limited (IPL) with equity share
holding of 34 per cent in the paid up equity share capital of IPL. IPL is primarily engaged in trading
of imported Potassic and Non-Potassic Fertilisers. During the year 2007-08, the company witnessed
a healthy increase in volume sales of MOP, DAP and Urea resulting in the highest ever sales turnover
of Rs. 11593.03 Crore and earned Net Profit of Rs.34.80 Crore. The Society received a dividend of
Rs.0.87 Crore from IPL for the year 2007-08.
45
 baMLVªht f'kfeDl Mw flusxy ¼vkbZlh,l½
vkbZlh,l] tks fu;kZr ds fy, QkLQ®fjd ,flM vkSj Äjsyw [kir ds fy, QkLQsfVd moZjd¨a dk mRiknu djrh
gS] dh bfDoVh esa bQdks dh Hkkxhnkjh 18-54 Áfr'kr gS A vkbZlh,l dh {kerk Áfr o"kZ 660000 eh0 Vu QkLQ®fjd
,flM ¼ih2vks5 ds :i es½a ds mRiknu dh gS A vkbZlh,l 2006 ls Ápkyuxr leL;kvksa dk lkeuk dj jgh gS vkSj
;s leL;k,a Áeq[k :i ls y‚ftfLVDl vkSj dk;Z'khy iwt a h vko';drk ls lacfa /kr gSa A vkbZlh,l ds _.k iqu%lajpuk
vkSj iqu% iwta hdj.k ds fy, flusxy ljdkj vkSj bQd® ds chp 16 tqykbZ] 2007 d® ,d le>©rs ij gLrk{kj fd;s
x;s vkSj 14 tuojh] 2008 d® blesa la'k®/ku fd;k x;k A bfDoVh iqu%iwt a hdj.k vkSj _.k iqu%lajpuk dh izfØ;k
dks Mdkj ds U;k;ky; }kjk 27 ekpZ] 2008 dks fn, x, fu.kZ; ds vk/kkj ij vafre :i fn;k x;k A iqu%lajpuk
vkSj iqu% iwt a hdj.k ds i'pkr~ u, funs'kd eaMy dk iquxZBu fd;k x;k gS vkSj bQdks dalksfVZ;e us vkbZlh,l ds
izc/a k fu;a=.k dks vius gkFk esa ys fy;k gS A iwjk {kerk mi;ksx gkfly djus ds fy, vkSj mRiknu dk;Zfu"iknu
esa lq/kkj ykus ds fy, vkbZlh,l ds la;= a ksa vkSj jkd QkLQsV [kkuksa ds iquokZl dk dk;Z fd;k x;k gS A vkbZlh,l
us o"kZ 2008 ds nkSjku bQdks dks 0-19 fefy;u Vu ih2vks5 dk fu;kZr fd;k A
yhtSaM baVjus'kuy gksfYMax] vkLVªsfy;k
lfefr vkSj yhtSM a baVjus'kuy gksfYMax bad- ¼yhtSM a ½] vkLVªfs y;k us yhtSM
a esa bfDoVh Hkkxhnkjh ds fy, 14
tqykbZ] 2008 dks ,d 'ks;j gksYMj djkj ij gLrk{kj fd, vkSj yhtSM a dh [kuu ifj;kstuk ls jkd QkLQsV dk
vk;kr djus ds fy, djkj fd;k A fdlku baVjus'kuy Vªfs Max ¼,QtSMbZ½] nqcbZ ¼dsvkbZVh½ us yhtSM a dh bfDoVh esa
yxHkx 11 izfr'kr dh bfDoVh yh gS A
yhtSM a ds ikl DohalySM a ] vkLVªfs y;k ds tksftZuk csflu esa 1-5 fcfy;u Vu ds fgLVksfjdyh fMQkbaM QkLQsV
HkaMkjksa dh fgLlsnkjh gS A yhtSMa bl ifj;kstuk dks jkd QkLQsV dh okf.kfT;d [kuu ds :i esa fodflr djus dh
izfØ;k esa layXu gS A yhtSM a dk y{; vkjafHkd rkSj ij o"kZ 2009 ds var esa jkd QkLQsV dh f'kfiax vkjaHk djus
vkSj o"kZ 2011&12 rd {kerk dks c<+kdj 5 fefy;u Vu izfr o"kZ djus ij dsfUnzr gS A
,d [kuu lkbV ij vUos"k.k dk dk;Z iwjk gks pqdk gS vkSj uewuk fo'ys"k.k o fjlkslZ ekWMy rS;kj fd;k tk
jgk gS A yhtSaM ls feyus okys jkd QkLQsV ds igqapus ls ikjknhi bdkbZ dPps eky dh fdlh ck/kk ds fcuk viuk
dk;Zpkyu lqfuf'pr dj ldsxh A jkd ds ewY; dk fu/kkZj.k nksuksa dEifu;ksa }kjk lgh vkSj mfpr ewY; ds
vk/kkj ij] vUrjkZ"Vªh; cktkj ewY;ksa Hkkjrh; cktkj ij ykxw ewY; ds vuqlkj r; fd;k tk,xk A
ÝhIys ,uthZ bafM;k izk0 fy0
o"kZ 2008&09 ds nkSjku lfefr us Ýh Iys ,uthZ bafM;k izk0 fy0 ¼,QihbZvkbZ½ dh 30 izfr'kr 'ks;j/kkfjrk izkIr
djus ds fy, 4-83 djksM+ #i;s dk fuos'k fd;k A ;g dEiuh xSj ijEijkxr ÅtkZ mRiknksa vkSj midj.kks]a tks xzkeh.k
Hkkjr ds fy, mi;qDr gS]a ds {ks= esa dk;Zjr gS A lgdkjh lfefr;ksa dks bu mRiknksa dk foi.ku vkidh lfefr dh
,d vU; lgk;d laLFkk vFkkZr~ *bQdks fdlku lapkj fy0* }kjk fd;k tkrk gS A bu mRiknksa dh mi;ksfxrk dks
fdlkuksa us dkQh ljkgk gS A
bQdks fdlku cktkj fy0
bQdks fdlku cktkj fy0 ¼vkbZdcs h,y½ dk fuxeu bQdks dh iw.kZ LokfeRo okyh lgk;d dEiuh ds :i esa
26 Qjojh] 2004 dks fd;k x;k A ;g dEiuh fdlkuks@ a lgdkjh lfefr;ksa ds ykHk ds fy, vU; dk;ksZa ds lkFk&lkFk
d`f"k vknkuksa vkSj miHkksDrk oLrqvksa dk O;kikj dk;Z djsxh A
leh{kk/khu o"kZ ds nkSjku lfefr us vkbZdcs h,y dh bfDoVh dks c<+kdj 14-91 djksM+ #i;s dj fn;k A vkbZdcs h,y
us cSfyl tSujsVj fy0 ¼cSfyl½ tks fd fczVus esa dk;Zjr ,d dEiuh gS] dh 90 izfr'kr 'ks;j/kkfjrk ysus ds fy,
13-40 djksM+ #i;s dk vkSj fuos'k dj fn;k A cSfyl ds ikl vkYVjusVj rFkk vU; midj.kksa tks eSdfs udy ÅtkZ
dks fo|qqr ÅtkZ esa cnyrs gS]a dk isVVas vf/kdkj gS A bu midj.kksa dks gSM a ØsDa M+ vkSj futh ÅtkZ midj.kksa ;Fkk
VkpksZ]a ykyVsuksa vkSj jsfM;ks vkfn esa iz;ksx esa yk;k tk ldrk gS A ÝhIys ,uthZ bafM;k izk0 fy0 vius mRiknksa dks
fodflr djus ds fy, bu isVUs V~l dk mi;ksx dj jgh gS A
vfj;k dSfedYl ¼mM++hlk½ fyfeVsM
vfj;k dSfedYl ¼mM+h+ lk½ fyfeVsM bQdks vkSj vfj;k dSfedYl izkbZoVs fyfeVsM] pSUubZ dk ,d la;qDr m|e
gS ftldh bfDoVh esa bQdks dk va'knku 40 izfr'kr gS A ;g dEiuh ikjknhi esa veksfu;e ¶yksjkbM lqfo/kkvksa dh
LFkkiuk djsx
s h A ifj;kstuk ds igys pj.k ftlesa 20000 eh Vu veksfu;e ¶yksjkbM dk mRiknu fd;k tk,xk]
46
Industries Chimiques Du Senegal (ICS)
The Society holds 18.54 per cent equity in ICS, which manufactures Phosphoric Acid for exports
and Phosphatic Fertilisers for domestic consumption. ICS has the capacity to produce 660000 MT
of Phosphoric Acid (as P2O5) per year. ICS has been facing operational problems since 2006, mainly
on account of issues related to logistics and working capital requirement. The Government of Senegal
and IFFCO signed an Agreement on 16th July, 2007 and Amendment on 14th January, 2008, for the
debt restructuring and recapitalisation of ICS. The process of equity recapitalisation and debt
restructuring was concluded on the basis of the Judgement of Court of Dakar dated 27th March,
2008. Post restructuring and recapitalisation, the new Board has been reconstituted and the IFFCO
Consortium has taken over the management control of ICS. Major rehabilitation work of ICS
plant facilities and rock phosphate mines for improving the production performance has been
taken up to achieve full capacity utilisation. ICS exported 0.19 million tonnes of P2O5 to IFFCO in
the year 2008.
Legend International Holding, Australia
The Society and Legend International Holdings Inc (Legend), Australia entered into a Shareholders’
Agreement on 14th July, 2008 for equity participation in Legend and import of Rock Phosphate
from Legend’s Mining Project. Kisan International Trading FZE, Dubai (KIT) has taken about 11 per
cent equity in Legend.
Legend has interests in historically defined Phosphate deposits of 1.5 billion tonnes in the Georgina
basin of Queensland, Australia. Legend is in the process of developing the project for commercial
mining of Rock Phosphate. Legend is initially targeting to start shipping Rock Phosphate by the end
of 2009 and increase its capacity to 5 million tonnes per annum by 2011-12.
The exploration work on one of the major mining sites is completed and sample analysis and
resource model is under preparation. The Rock Phosphate supplies arriving from Legend will ensure
the Paradeep Unit to operate without facing any constraints on account of raw materials. The price
of the rock will be negotiated on a fair and equitable basis for both companies based on international
market prices applicable for the Indian market.
Freeplay Energy India Pvt. Ltd.
During the year 2008-09, the Society made an investment of Rs. 4.83 Crore to acquire 30 percent
shareholding in Freeplay Energy India Pvt. Ltd. (FPEI), which is engaged in the field of non-conventional
energy products and devices suitable for rural India. These products are being marketed to
co-operative societies through Society’s another subsidiary company, that is, ‘IFFCO Kisan Sanchar
Ltd’. The utility of these products has been greatly appreciated by the rural farmers.
IFFCO Kisan Bazar Ltd.
IFFCO Kisan Bazar Ltd. (IKBL) was incorporated on 26th February, 2004 as IFFCO’s wholly owned
subsidiary company for inter-alia undertaking business in agri-inputs and consumer goods for the
benefit of farmers/cooperatives.
During the current year, the Society enhanced its equity in IKBL by Rs. 14.91 Crore. IKBL has
further made an investment of Rs. 13.40 Crore to acquire 90 percent shareholding in Baylis Generators
Ltd. (Baylis), a U.K.-based company, which holds the patents for alternators and other devices that
convert mechanical energy into electrical energy. These devices can be attached to hand cranked
and individual energy devices such as torches, lantern, radios, etc. Freeplay Energy India Pvt. Ltd. is
utilising these patents for the development of its products.
Aria Chemicals (Orissa) Limited
Aria Chemicals (Orissa) Ltd. is a joint venture between IFFCO and Aria Chemicals Private Limited,
Chennai wherein IFFCO holds 40 percent equity in this project. This Company will set up an Aluminum
Fluoride facility at Paradeep. The project cost for the first phase for 20000 MT per annum Aluminum
47
 ij 100 dj®M+ #i;s dh ykxr dk vuqeku gS A rduhdh tkudkjh vkSj csfld bathfu;fjax dh vkiwfRkZ ds fy, eSltZ
LVkdZ ,uok;jsuesVa bathfu;fjax dEiuh ds lkFk djkj ij gLRkk{kj fd, tk pqds gSa A ifj;kst
s uk dk igyk pj.k
fnlEcj] 2010 esa pkyw gksus dh laHkkouk gS A
dktQkLQsV ds lkFk ,evks;w
jkd QkLQsV dh [kjhn ds fy, vkSj dtkfdLrku esa la;qDr :i ls ,d QkLQsV ifj;kstuk LFkkfir djus dh
laHkkoukvksa dk irk yxkus ds fy, 23 tuojh] 2009 dks dtkfdLrku dh jlk;u vkSj moZjd {ks= dh vxz.kh laLFkk
dktQkLQsV ,y,ylh ds lkFk ,d le>kSrk Kkiu ij gLrk{kj fd, x, A
D;w,,Qlhvks ds lkFk vk'k; djkj
drj QfVZykbtj dEiuh ¼D;w,,Qlhvks½] drj ds lkFk ogka izkd`frd xSl ij vk/kkfjr veksfu;k&;wfj;k
ifj;kstuk LFkkfir djus dh laHkkoukvksa dk irk yxkus ds fy, 24 Qjojh] 2009 dks ,d ^vk'k; djkj* ij gLrk{kj
fd, x, A
foTku 2010
fodkl dh xfRk d® fujUrj cuk, j[kus ds fy, lfefr us ^fotu 2010^ ds varxZr fuEufyf[kRk O;kikj xfrfof/k;ksa
dh igpku dh gS%
G ve®fu;k v©j ;wfj;k la;= a ksa dh LFkkiuk] fTklesa moZjd bdkb;ksa dk vf/kxzg.k djuk Hkh 'kkfey gS
G QhM LV‚d ;Fkk QkLQ®fjd ,flM dh vko';dRkkvksa d® iwjk djus ds fy, cSdoMZ baVhxz' s ku
G fo|qRk mRiknu

G lw{ w e i®"kd RkRoks]a chTkks]a T©o moZjdks]a dhVuk'kdksa vkfn dk mRiknu v©j foi.ku djuk
G Ñf"k&mRiknksa v©j foi.ku ds {®= esa ewY; lao/kZu

G lwpuk Á©|®fxdh v©j lwpuk Á©|®fxdh vk/kkfjRk lsok,a

G 'kgjh v©j v/kZ&'kgjh bykdksa esa fjVsy psu LFkkfiRk djuk

G u;s fodkl {ks=ksa ;Fkk eksckby VsyhQksuh vkSj xzkeh.k {ks=ksa esa lapkj rduhd esa fofo/khdj.k A

^fotu 2010^ ds vaRkxZRk lfefr us 15000 djksM+ #i;s dk fcØh dkjksckj izkIr djus dk y{; j[kk Fkk A ;g y{;
o"kZ 2008&09 esa 32933 djksM+ #i;s ds fcØh dkjksckj fd, tkus ls iwjk dj fy;k x;k gS A lfefr us vius dk;Z
O;kikj dks cgqr dq'kyrkiwoZd lapkfyr fd;k gS vkSj blds dk;Zpkyu ifj.kkeksa esa fujUrj lq/kkj gqvk gS A
la;qDr m|e daiuh vkbZlhih,y }kjk ikoj la;a= yxk, tkus] tksMZu esa QkLQksfjd ,flM la;a= ¼ftQdks½
vkSj uSYywj esa [kk| ÁlaLdj.k vkSj Ñf"k vk/kkfjr m|®xksa dh LFkkiuk ds fy, ÞbQd® fdlku ,lbZtSMß
laca/kh dk;Z rsth ij gSa A
dkji®jsV lkekftd nkf;Ro
bQd® esa dkji®jsV lkekftd nkf;Ro dk vFkZ vkÆFkd fodkl dh xfr d® cuk, j[kuk] deZpkfj;¨a vkSj muds
ifjokj ds lnL;¨a] LFkkuh; leqnk; vkSj cM+s iSekus ij LFkkuh; y®x¨a vkSj lekt esa dk;Z djuk gS ftlls bQd®
ds fgrksa ds vuq:Ik dk;Z djrs gq, muds thou Lrj esa lq/kkj yk;k tk lds A gekjs dkji®jsV lkekftd nkf;Roksa
esa i;kZoj.k laj{k.k mik;ksa dks Hkh ns[kk tk ldrk gS A vkt] dkji®jsV lkekftd nkf;Roksa d® ek= dk;Z&O;kikj
ij ÁR;{k ÁHkko Mkyus okys dkjdksa ls gVdj ns[kk tkrk gS A lgh ek;u¨a esa lrr~ iz;kl rks ogh gSa t® O;kikj ds
Lo:i ij ldkjkRed ÁHkko Mkysa vkSj ftuds Li"V ifj.kke fn[kkbZ nsa A
ge dkji®jsV lkekftd nkf;Roksa ds ekey¨a esa oSf’od ÁfØ;k dk ikyu djrs gSa vkSj ,dhÑr cgqjkT; vo/kkj.kk
d® viukrs gSa ftlesa i;kZoj.k vkSj lkekftd igyqvksa d® 'kkfey fd;k tkrk gS A vius bUgha nkf;Ro¨a d® fuHkkus
ds Á;kl ds :i esa vkidh lfefr us lkeqnkf;d fodkl] i;kZoj.k laj{k.k vkSj ckxokuh] LokLF; dh ns[kHkky@fpfdRlk
lqfo/kkvksa vkSj lk{kjrk esa o`f)@l'kfädj.k dk;ZØe¨a tSlh dbZ xfrfof/k;ka vkjaHk dh gSAa bl foÙk o"kZ ds n©jku
vkidh lfefr us fofHké lkekftd fodkl xfrfof/k;¨a ij 49 dj®M+ #i;s dh jkf'k [kpZ dh tcfd xr o"kZ 33 djksM+
#i;s dh jkf'k O;; dh xbZ Fkh A foLr`r fooj.k fuEu Ádkj gS%
xzke vaxhdj.k
xzke vaxhdj.k dk;ZØe dk mÌs'; xzkeh.k {ks=¨a dk lexz lkekftd&vkÆFkd fodkl gS vkSj dk;ZØe moZjd¨a
ds lgh vkSj larqfyr mi;®x ij cy nsu]s mér fdLe ds cht¨a ds mi;ksx vkSj csgrj QkeZ eSut s esVa ds fof'k"V
iz;kstu ls ykxw fd;k x;k Fkk A o"kZ ds n©jku LFkkuh; vko';drkvksa d® /;ku esa j[krs gq, bl dk;ZØe ds varxZr
48
Fluoride is estimated at Rs. 100 Crore. Know-how and Basic Engineering Supply Agreement have
been signed with Stark Environment Engineering Company (SEEC), Switzerland. The first phase of
the project is likely to be commissioned by December 2010.
MoU with KAZHPHOSPHATE
A Memorandum of Understanding was signed on 23rd January, 2009 with Kazhphosphate LLC,
a leading chemicals and fertiliser company of Kazakhstan for the purchase of rock phosphate and
exploring the possibility of jointly establishing a phosphate project in Kazakhstan.
Agreement of Intention with QAFCO
An ’Agreement of Intention’ was signed with Qatar Fertiliser Company (QAFCO), Qatar on 24th
February , 2009 for examining the feasibility of setting up an Ammonia-Urea project in Qatar, based
on natural gas available there.
VISION 2010
In pursuit of sustained pace towards its growth, the following business activities have been identified
under ‘VISION 2010’:
G Installation of Ammonia Urea plants including acquisition of fertiliser units

G Backward integration to meet feedstock requirements such as Phosphoric Acid, etc.

G Generation of Power

G Production and marketing of micro-nutrients, seeds, bio-fertilisers, pesticides, etc.

G Value addition to Agri-products and marketing

G Information Technology and IT enabled services

G Establishment of Retail Chain in urban and semi-urban locations

G Diversification into new growth areas such as mobile telephony and communication technology

in the rural areas

Under ‘VISION 2010’, the Society had targeted to achieve an annual turnover of Rs 15000 Crore.
This landmark has since been achieved, with the turnover for the year 2008–09 amounting to
Rs. 32933 Crore. The Society has conducted its business very efficiently and the operating results
have constantly improved. The work is in full swing to set up a Power plant at Chhattisgarh (ICPL), a
Phosphoric acid plant (JIFCO) at Jordon and ‘IFFCO Kisan SEZ’ at Nellore with primary focus on
Food Processing and Agri-Based Industries.
CORPORATE SOCIAL RESPONSIBILITY
Corporate Social Responsibility (CSR) is our commitment to contribute to the sustainable economic
development, working with employees and their families, the local community and society at large
to improve their quality of life. CSR is also seen as our concern for preservation of the environment.
Today, CSR has seen a movement away from mere funding to looking for a direct business impact.
Truly sustainable initiatives are those that have a positive and tangible benefit on the health of
the business.
We follow the global practice of addressing CSR issues in an integrated Multi-State holder
approach covering the environment and social aspects. In its endeavour to discharge its
responsibility, your Society has undertaken activities in the areas of Community Development,
Environment Protection and Horticulture, Health Care/Medical facilities and Literacy enhancement/
Empowerment programme. During the current financial year, your Society incurred an amount of
Rs. 49 Crore on various Social Development activities as aginst Rs. 33 Crore in the previous year.
Details are as under:
Village Adoption
The village adoption programme was initiated with the objective of bringing about overall
socio-economic development in rural areas with particular emphasis on agriculture with correct
and balanced use of fertilisers, quality seeds and better farm management. During the year, various
49
 fofHké lao)ZukRed] lkekftd vkSj lkeqnkf;d fodkl dk;ZØe¨a dk vk;®tu fd;k x;k A buesa LokLF; o i'kq
LokLF; tkap vfHk;ku] is;ty lqfo/kk,a miyC/k djkuk vkfn 'kkfey gSa A o"kZ 2008&09 ds nkSjku bl dk;ZØe ds
rgr 439 vaxhd`r xkaoksa dks ykHk igqp
a k;k x;k A
lao)ZukRed dk;ZØe vkSj Ñ"kd foLrkj dk;ZØe
fofHké lao)ZukRed vkSj foLrkj dk;ZØe¨a dk vk;®tu fd;k ftudk eq[; y{; Hkwfe dh moZjk 'kfä esa lq/kkj ykuk
rFkk fdlku¨a d® vk/kqfud Ñf"k vkSj Á©|®fxdh dh f'k{kk Ánku djds moZjd¨a ds larfq yr mi;®x d® Á®Rlkgu nsuk
rFkk ,u%ih%ds ds [kir vuqikr esa lq/kkj ykuk Fkk rkfd moZjd¨a ds csgrj bLrseky vkSj ty laj{k.k ds ek/;e ls Qlyksa
dh iSnkokj d® c<+k;k tk lds vkSj lrr Ñf"k d® c<+kok fn;k tk lds A bu lao)ZukRed dk;ZØe¨a ds ek/;e ls
lgdkjh lfefr;ksa vkSj fdlku¨a d®] Ñf"k vkSj lgdkfjrk fodkl ls lacfa /kr fofHké fo"k;¨a ij ikjLifjd fopkj¨a dk
vknku&Ánku djus vkSj fo'ks"k :i ls moZjd¨a ds bLrseky ds ckjs esa tkudkjh Hkh nh tkrh gS A
vky®P; o"kZ ds n©jku lfefr us 4257 {ks=h; dk;ZØe¨a] 1070 lsy ikabV ilZuy Áf'k{k.k dk;ZØe¨a] 124 Qly
lsfeukj¨a vkSj 948 Ñf"k vfHk;ku¨a vFkkZr e`nk ijh{k.k vkSj tSo moZjd fo"k; ij dk;ZØe vk;®ftr fd;s A fofHké
jkT;¨a esa feV~Vh ds 122098 uewu¨a dh tkap dh ftlesa 8 lpy e`nk ijh{k.k okgu¨a }kjk tkap fd;s x;s feV~Vh ds
36224 uewus Hkh 'kkfey gS]a vkSj iSnkokj d® c<+kus ds fy, moZjd¨a dh b"Vre ek=k dh laLrqfr dh xbZa A blds
vykok] Qly¨a dh iSnkokj d® c<+kus ds fy, {ks=h; dk;ZØe¨a esa 6842 egRoiw.kZ vknku iSdt s ¼lhvkbZih½ fdV~l]
ftuesa cht] moZjd] tSo moZjd vkSj Ñf"k jlk;u vkfn g®rs gS]a fdlku¨a d® forfjr fd;s x;s A bu {ks= dk;ZØe¨a
ds n©jku Qly Q®YMj] cqdysV~l] isEQ~yVs ~l vkfn ds :i esa Ñf"k lkfgR; Hkh forfjr fd;k x;k A
fo'ks"k ifj;®tuk,a
nwj&njkt ds {ks=¨a esa fdlku¨a dh lgk;rk djus ds fy, fo'ks"k ifj;®tuk,a pykbZ tkrh gSa rkfd fdlku¨a dks
ÁkÑfrd LFkkuh; lz®r¨a dh O;oLFkk djus vkSj viuk thou Lrj lq/kkjus ds fy, lgk;rk nh tk lds A ;s
ifj;®tuk,a vU; ,tsfa l;¨a vkSj ljdkjh foHkkx¨a ds fy, ,d mnkgj.k Hkh ÁLrqr djrh gSa fd os xzkeh.k leqnk; ds
thou&Lrj d® Åapk mBkus ds fy, bu ifj;®tukvksa d® pyk ldrs gSa A
o"kZ 2008&09 ds n©jku lfefr us fofHké jkT;¨a esa Ñf"k] lkekftd vkSj lkeqnkf;d fodkl dk;ZØe¨a ls
lacfa /kr 23 fo'ks"k ifj;®tuk,a pykbZ A ;s fo'ks"k ifj;®tuk,a okVj'kSM eSut
s esVa ] ,xzhdYpj MsoyiesVa vkSj ekbØ®
bUVjÁkbftt] Lo;a&lgk;rk lewg¨a d® viuh j®th&j®Vh vkfn dekus esa lgk;rk djus ds fy, pykbZ xbZ A
{ks= izn’kZu dk ykHk
mBkrs gq, fdlku

50
promotional, social and community development programmes based on specific needs were
organised. These included medical and veterinary check-up, drinking water facilities, etc. During
2008-09, 439 adopted villages were benefited under this programme.
Promotional Programmes and Farmers Extension Activities
Various promotional and extension programmes were organised with focus primarily on improving
soil health, promote balanced use of fertilisers to improve N:P:K consumption ratio, educating farmers
in the latest available technology so as to enhance crop productivity through efficient use of fertilisers,
water conservation and thereby promoting sustainable agriculture. These promotional programmes
also provide an opportunity for interaction between the cooperatives and the farmers on various
issues related to agriculture and cooperative development in general and fertiliser use in particular.
During the year, 4257 Field Programmes, 1070 Sale Point Personnel Training Programmes,
124 Crop Seminars and 948 Agricultural Campaigns that is, Soil Testing and Bio-Fertilisers were
conducted. In different States, 122098 soil samples were analysed, including 36224 soil samples
tested by eight mobile soil testing vans for recommending optimum dose of fertiliser for improved
productivity. In addition, 6842 Critical Input Package (CIP) Kits containing seeds, fertilisers,
bio-fertilisers, agro-chemicals, etc., were also distributed to the farmers in the field programmes
for raising good crops. Literature in the form of crop folders, booklets, pamphlets, etc., was
distributed during the field programmes.
Special Projects
In order to help the farmers at disadvantaged locations, special projects are taken up to help
them in arranging natural local resources and helping them in improving their livelihood. These
projects will also set an example for other agencies, Government Departments to emulate for
improving the rural lot.
During the year 2008-09, we worked intensively in 23 special projects on agricultural, social and
community development programmes in various States. These special projects were on Watershed
Management, Agricultural Development and Micro Enterprises, assisting Self Help Groups in earning
livelihood, etc.
Farmers collecting
soil samples
for analysis

51
 cht cgqyhdj.k dk;ZØe
lfefr us chtksa dh vkiwfrZ c<+kus ds fy, vius Lrj ij gfj;k.kk] mRRkj izn's k] dukZVd vkSj rfeyukMq jkT;
ljdkjksa ds lkFk feydj xsga ]w /kku] lwjteq[kh] Tokj vkSj ewx
a Qyh ds chtksa ds cgqyhdj.k dk dk;ZØe pyk;k gS A
;g dk;ZØe 1747 gSDVs;j {ks= esa pyk;k x;k vkSj vuqeku gS fd yxHkx 61803 fDoaVy cht izkIr gksx a s A bu chtksa
dh fcØh eq[;r% bQdks ds fdlku lsok dsUnzkas }kjk dh tkrh gSa A blds vykok] dksjMsV Qwyiqj vkSj dyksy }kjk
Hkh 967-2 fDoaVy xsga w vkSj /kku ds chtksa dk mRiknu fd;k x;k ftudk forj.k lgdkjh lfefr;ksa o gekjs fdlkuksa
lsok dsUnzkas }kjk fd;k x;k A
Ñf"k {ks= esa bQd® ps;lZ
lfefr us Ñf"k fo’ofo|ky;¨a@lgdkjh laLFkku¨a esa lL;&foKku] e`nk&foKku] ,xz®- bdksukfeDl] Ñf"k foLrkj]
lgdkfjrk vkSj moZjd rdu‚y®th ds {ks= esa 17 bQd® ps;lZ dh LFkkiuk dh gqbZ gS t® vuql/a kku] f'k{kk vkSj foLrkj
dk;¨Za ds {ks=¨a esa bu laLFkkvksa ds chp ,d dM+h dk dke djrh gSAa bQd® ps;lZ ds Á®Qslj¨a dk lao)ZukRed
dk;ZØe¨a] fo'ks"kdj e©twnk Ñf"k fo"k;d eq̨a ij ekxZn'kZu ÁkIr fd;k tkrk gS A bQd® ps;lZ Á®Qsljksa dk 14oka
lEesyu flrEcj] 2008 ds nkSjku Hkqous'oj esa vk;ksftr fd;k x;k ftlesa foÜofo|ky;¨a@laLFkku¨a esa fd;s tk jgs
dk;ksZa dh leh{kk dh xbZ vkSj vkxs dh ;kstuk rS;kj dh xbZ A
i;kZoj.k Áca/ku
gekjh lHkh bdkbZ;ka vkSj Vkmuf'ki vkd"kZd izkd`frd lkSna ;Z ls lfTtr gSa ftuesa gtkj¨a isM&
+ i©/ks yxs gq, gSa A
gekjh lfefr viuh mRiknd bdkbZ;¨a ds vklikl vkSj vUrjkZ"Vªh; ekud¨a ds vk/kkj ij lqj{kk] LokLF; vkSj i;kZoj.k
esa lq/kkj ykus ds fy;s Áfrc) gS A
lkeqnkf;d dsUæ
31 ekpZ] 2009 rd 195 HkaMkj.k&lg&lkeqnkf;d dsUæ dk;Zjr Fks vkSj 10 dsUæ¨a dk fuekZ.k dk;Z iwjk g®us ds
fofHké pj.k¨a esa Fkk A bu HkaMkj.k&lg&lkeqnkf;d dsUæ¨a dk mi;®x Ñf"k foLrkj xfrfof/k;¨a ds vk;®tu vkSj
xzkeh.k¨a ds fy, lkekftd lekj®g¨a dk vk;®tu djus ds lkFk&lkFk moZjd¨a vkSj Ñf"k vknku¨a ds HkaMkj.k LFky ds
:i esa Hkh fd;k tkrk gS A

QkLdse dk izfrfuf/k eaMy

fdlkuksa vkSj xzkeh.k
efgykvksa ds lkFk fopkj
foe'kZ djrs gq;s

52
Seed Multiplication Programme
The Society has implemented a seed multiplication programme on its own and also in collaboration
with State Seed Corporation in the States of Haryana, Uttar Pradesh, Karnataka and Tamil Nadu on
wheat, paddy, sunflower, jowar and groundnut, etc., to further augment the supply of seeds. An area
of 1747 ha was covered under this programme with an expected production of about 61803 quintals
seed. Seeds are sold mostly through Society owned Farmers Service Centres. In addition, 967.2
quintals of seeds of Wheat and Paddy were also produced by CORDET, Phulpur and Kalol and
distributed through Cooperative Societies and our Farmers Service Centres.
IFFCO Chairs in Agriculture
The Society has instituted 17 Chairs at Agricultural Universities/Cooperative Institutions in the
disciplines of Agronomy, Soil Science, Agro Economics, Agricultural Extension, Cooperation and
Fertiliser Technology to provide a link between these institutions in the areas of research, education
and extension. The guidance of our Chair Professors is sought in the areas of promotional programmes
with a thrust on current issues in agriculture. XIV IFFCO Professors Conference was organised at
Bhubaneshwar during September, 2008 to review the work done at their Universities/Institutions
and formulate future action plan.
Environment Management
All our units and townships have attractive landscape surrounded by thousands of trees. We are
committed to continuously improving the safety, health and environment in and around our
manufacturing units in line with international norms.
Community Centres
As on 31st March, 2009, 195 Storage-cum-Community Centres were operating and 10 centres
are under various stages of completion. The Storage-cum-Community centres are being utilised for
storage of fertilisers and agricultural inputs, apart from providing venues for organising agricultural
extension activities and social functions for villagers.

View of Medical
Camp organised by
CORDET Kalol

53
 vius dkji®jsV lkekftd nkf;Ro ij vkSj vf/kd /;ku nsus ds fy, bQd® us fuEufyf[kr VªLV¨a cuk, gS %
bQd® fdlku lsok VªLV
lfefr us **bQd® fdlku lsok VªLV** uked ,d /kekZFkZ VªLV dh LFkkiuk dh gqbZ gS A ;g VªLV ÁkÑfrd
vkinkvksa ;Fkk ck<+] HkwdEi] lw[kk] pØokr] Hkw&L[kyu vkfn ds f'kdkj y®x¨a d® jkgr igqp a kus rFkk muds iquokZl
dk dk;Z djrk gS vkSj muds dY;k.k ds fy, dk;ZØe¨a dk vk;®tu djrk gS A lkFk gh] ;g VªLV t:jrean
fdlku¨a d® xEHkhj ifjfLFkfr;¨a es]a LokLF; lqfo/kk,a Ánku djus dk dk;Z Hkh djrk gS ftlesa muds thou&Lrj esa
lq/kkj ykus dh ifj;®tuk,a Hkh 'kkfey gSa A bQd® us bl VªLV ds d®jil QaM esa 10 dj®M+ #i;s dk vkjafHkd
va'knku fd;k gqvk gS A bQd® ds deZpkjh Hkh fu;fer :i ls bl VªLV esa va'knku djrs gSa A
U;kl] t:jrean fdlkuksa dh lgk;rk ds fy, fofHkUu fpfdRlk lqfo/kk,a ;Fkk us= f'kfoj] LokLF; tkap f'kfoj]
dSla j funku f'kfoj dk vk;kstu djrk gS vkSj fpfdRlk miLdj] jsMØkl lkslkbVh ds ek/;e ls jDr dh O;oLFkk
Hkh djrk gS vkSj fofHkUu vLirkyksa esa fdlkuksa ds mipkj ds fy, foŸkh; lgk;rk Hkh iznku djrk gS A o"kZ ds nkSjku
U;kl us t:jrean yksxksa dks fpfdRlk lqfo/kk,a miyC/k djkus ds fy, 55 yk[k #i;s vkSj iquLFkkZiuk xfrfof/k;ksa
ij 15 yk[k #i;s dh jkf'k O;; dh A
o"kZ ds nkSjku U;kl us mRrj izn's k ds fofHkUu ftyksa esa us= f'kfoj vkSj fodykax f'kfojksa dk vk;kstu fd;k tgka
vusd jksfx;ksa dk mipkj fd;k x;k A U;kl us Jh cynso jke fe/kkZ uked U;kl dks fMMokuk] jktLFkku esa LokLF;
tkap f'kfoj vk;ksftr djus ds fy, vkSj rksykuh us= vLirky vkSj vuql/a kku dsUnz] vkfniqj xqtjkr dks us= mipkj
miLdjksa ds fy, lgk;rk iznku dh A U;kl us eS0 Xykscy dSl a j daluZ bafM;k fyfeVsM] xqMx + kao] gfj;k.kk dks mRrj
izn's k vkSj gfj;k.kk jkT;ksa esa vusd LokLF;&tkap vkSj dSla j funku f'kfoj vk;ksftr djus esa Hkh lgk;rk iznku dh A
bQd® QkmaMs'ku
bQd® QkmaM's ku dk ÁorZu **ÇFkd VSd a ** vkSj **czus cSda ** ds :i esa fd;k x;k gS A bl QkmaM's ku dk eq[;
mÌs'; lgdkjh fl)kUr¨a ds varxZr vkSj ns'k ds dkuwu vkSj laLÑfr ds lkFk rky&esy dk;e djrs gq, xzkeh.k Lrj
dh lgdkjh lfefr;¨a d® lqn`<+ cukuk gS A xzkeh.k {ks=¨a esa lkekftd iwt a h vkSj ekuo lalk/ku¨a dk fodkl] efgyk
vkSj ;qok l'kfädj.k blds mÌs';¨a d® ÁkIr djus ds fy, pykbZ tkus okyh Áeq[k xfrfof/k;ka gSa A ekbØ® ØsfMV
ds ek/;e ls ekbØ® ,UVjÁkbtst ds fodkl dk dk;Z fd;k tk jgk gS ftlls xkao¨a esa xjhch nwj dh tk lds vkSj
j®txkj ds volj iSnk gks ldsa A o"kZ ds n©jku QkmaM's ku us lgdkjh lfefr;¨a esa fd;s tkus okys vko';d lq/kkj¨a]
mRikndrk vkSj ykHkns;rk esa o`f) djus ds fy, Ñf"k rdu‚y®ft;¨a ds fodkl ,oa [kk| rFkk ikS"kkgkj lqj{kk ÁkIr
djus ds fy, fdlku¨a] lgdkjh lnL;¨a] v¨fifu;u yhMj¨a] uhfr fuekZrkvksa vkSj vU; y®x¨a ds fopkj tkuus ds fy,
fofHké Ádkj dh dk;Z'kkykvks]a lsfeukj¨a vkSj ifjppkZvksa dk vk;®tu fd;k A viuh LFkkiuk ls gh QkmaM's ku viuh
Ñf"k fodkl xfrfof/k;ksa ds vax ds :i esa {ks= izn'kZuksa dk vk;kstu djrh jgh gS A Ñf"k ea=ky; ds ,d dk;ZØe ds
rgr ubZ rduhd dks viukrs gq, eDdk mRiknu esa o`f) dks n'kkZus gsrq ,d izn'kZu fd;k x;k A
bQd® QkmaM's ku }kjk
ubZ fnYyh esa
vk;ksftr vÝhdh ns'kksa
ds lEesyu esa Hkkx
ysrs s gq, izfrfuf/k

54
For laying thrust to its CSR focus, the Society has also established the following Trusts:
IFFCO Kisan Sewa Trust
The Society established a charitable trust known as ‘IFFCO Kisan Sewa Trust’ to provide relief and
rehabilitation to the victims in the event of natural calamities like floods, earthquakes, droughts, cyclones,
landslides, etc., and to undertake programmes for the welfare and critical medical attention of needy
farmers including projects aimed at improving their quality of life. The Society initially contributed Rs.
10 Crore towards its corpus fund. The employees also regularly contribute to this Trust.
The Trust undertakes variety of activities to assist needy farmers in getting medical assistance,
organising Eye Camps, Health Camps, Cancer Detection Camps, providing medical equipments,
arranging for blood through Red Cross Society and financial assistance to various hospitals for the
treatment of farmers. During the year, the Trust spent Rs. 55 lakh towards its activities for providing
medical relief to needy ones and Rs. 15 lakh towards other relief and rehabilitation activities.
During the year the Trust organised a number of Eye Camps and Viklang Kalyan Shivir in different
districts of Uttar Pradesh where a number of patients were treated. The Trust has provided financial
assistance to Shri Baldev Ram Mirdha Memorial Trust for organising Health Check-up Camps at Didwana,
Rajasthan and to Tolani Eye Hospital and Research Centre, Adipur, Gujarat, for the installation of ophthalmic
equipments. The Trust has also organised a series of Health/Cancer Detection Check-up Camps in Uttar
Pradesh and Haryana through M/S. Global Cancer Concern India Ltd, Gurgaon, Haryana.
IFFCO Foundation
The IFFCO Foundation was promoted as a ‘Think Tank‘ and ‘Brain Bank’ with the objective to focus
on strengthening village level cooperatives in accordance with cooperative principles and in harmony
with the law and culture of the country. Developing social capital and human resource in rural areas,
empowerment of women and youth are the major activities to realise this objective. Development of
micro enterprises through micro-credit has been taken up to alleviate poverty and generating
employment opportunity in villages. During the year the Foundation has organised various workshops,
seminars and symposia to sensitise farmers, cooperative members, opinion leaders, policy makers and
others about the required reforms in the cooperatives, advancement in agricultural technologies for
enhancement of productivity and profitability and achieving food and nutritional security. Field
demonstrations as part of agricultural development activities are continuously taken up since the
inception of the Foundation. Demonstration on new technology for increasing Maize production was
taken up under a programme of the Ministry of Agriculture.

Shri D.K. Bhatt,

Dy. MD cum
Marketing Director,
interacting with
officers and farmers at
a Demonstration Plot

55
 QkmaM's ku us 10&12 uoEcj] 2008 d® **lrr [kk|kUu lqj{kk ds fy, Hkkjr & vÝhdh ns'kksa ds chp lg;ksx**
fo"k; ij ubZ fnYyh esa ,d vUrjkZ"Vªh; lEesyu dk vk;®tu fd;k A bl lEesyu esa vÝhdh usrkvks]a fodkl ds
Hkkxhnkjks]a fdlkuksa vkSj futh {ks= ds chp fd, tkus tkus okys lg;ksx ds ckjs esa ppkZ dh xbZ rkfd [kk|kUu lqj{kk
vkSj xjhch mUewyu tSls ekeyksa ls fuiVus ds fy, dk;Z ;kstuk rS;kj dh tk lds A
QkmaM's ku d® Hkkjr ljdkj }kjk jk"Vªh; Lrj dh ,tsl a h ds :i esa ekU;rk Ánku dh xbZ gS t® Lo;a&lgk;rk
lewg¨a@lgdkjh lfefr;¨a ds ek/;e ls jk"Vªh; ckxokuh fe'ku ds vUrxZr vkus okys dk;ZØe¨a d® dk;kZfUor djsxh A
bafM;u QkeZ Q®jsLVªh MsoyiesaV d®vkijsfVo fyfeVsM ¼vkbZ,Q,QMhlh½
lfefr us 1993 esa bafM;u QkeZ Q®jsLVªh MsoyiesVa d®vkijsfVo fyfeVsM ¼vkbZ,Q,QMhlh½ uked ,d vyx cgqjkT;
lgdkjh lfefr dk ÁorZu fd;k Fkk ftldk eq[; mÌs'; lkewfgd Á;kl¨a ls lrr ÁkÑfrd lalk/ku Áca/ku ds ek/;e
ls catj Hkwfe d® mitkÅ cukuk vkSj ml ij o`{kkj®i.k ds ek/;e ls xjhc o xzkeh.k y®x¨a ds lkekftd&vkÆFkd Lrj
d® Åij mBkuk gS A bl mÌs'; dh ÁkfIr ds fy, vkbZ,Q,QMhlh us 'kq: esa mÙkj Áns'k] e/; Áns'k vkSj jktLFkku
dh gYds fdLe dh Hkwfe dk lq/kkj djuk vkSj j®txkj ds volj iSnk djuk o yksxksa d® b±/ku vkSj pkjk miyC/k djkus
ds fy, okfudh vkSj xzkeh.k fodkl ifj;®tuk,a vkjaHk dÈ FkhA 145 izkFkfed QkeZ Q®jsLVªh d®vkijsfVo lfefr;¨a dk
xBu djds 26500 gSDVs;j ijrh Hkwfe esa ou yxkus dk dk;ZØe vkjaHk fd;k x;k A bu izkFkfed QkeZ Q®jsLVªh
d®vkijsfVo lfefr;ksa ds yxHkx 28500 lnL; gSa ftuesa ls yxHkx 38 izfr'kr Hkwfeghu gSa vkSj 51 izfr'kr NksV@
s lhekar
fdlku gSa A vkbZ,Q,QMhlh ds dk;Z{ks= esa foLrkj djrs gq, bls mÙkjk[kaM] >kj[kaM] mM+hlk] NÙkhlx<+] vka/kz Áns'k]
if'pe caxky] vle] rfeyukMq vkSj egkjk"Vª rd QSyk;k x;k A
vkbZ,Q,QMhlh] vÁSy] 2006 ls mM+hlk esa 55 xkao¨a esa ,dhÑr xzkeh.k fodkl ¼,yvkbZvkbZvkjMh½ ifj;®tuk ds
ek/;e ls thou Lrj esa lq/kkj ykus dk dk;Z dj jgh gS A bldk fo'ks"k cy ÁkÑfrd lalk/ku¨a vkSj ekbØ®
baVjÁkbftt ;Fkk elkys rS;kj djus] vpkj cukus] cdjh&ikyu] Ms;jh] eNyh&ikyu] ikiM+] vxjcfÙk;ka] lsVa vkSj
lqlfTtr oL= dh vkbVe¨a] ty lalk/kuksa ds fodkl vkfn dh f'k{kk nsus ij dsfUær g®rk gS A vkbZ,Q,QMhlh
jkT; ljdkj ds xzkeh.k xjhch mUewyu dk;ZØeksa tSls lEiw.kZ xzkeh.k jkstxkj ;kstuk ¼,lthvkjokbZ½ vkSj jk"Vªh;
xzkeh.k jkstxkj ;kstuk ¼,uvkjbZth,l½ esa Hkkxhnkjh dks Hkh izkRs lkgu ns jgh gS A bl dk;Z dh ljkguk jkT;
ljdkj¨a vkSj ykHkkÆFk;¨a }kjk dh xbZ gS A
bQdks moZjdksa ds mi;ksx dh n{krk dks c<+kus ds fy, moZjdksa ds larqfyr mi;ksx dks Hkh c<+kok ns jgh gS A bl
iz;kstu ds fy, lpy e`nk ijh{k.k oSu ¼,e,lVhoh½ dks mi;ksx esa yk;k x;k gS rFkk vkyksP; o"kZ ds nkSjku 5380
feV~Vh ds uewuksa dk fo'ys"k.k fd;k x;k gS A fdlkuksa dks mŸke DokfyVh ds cht miyC/k djkus ds fy, xsgaw dh
Qly ij cht cgqyhdj.k dk;ZØe ¼,l,eih½ vkjaHk fd;k gS rFkk fdlkuksa dks ;g cht mRrj izn's k jkT; esa fdlku
lsok dsUnzkas ds vkbZ,Q,QMhlh usVodZ ds ek/;e ls miyC/k djk, x, gSa A
Ålj Hkwfe ls ifjofrZr
l?ku taxy

56
 The Foundation has organised, during November 10-12, 2008, an international conference on ‘India-
Africa Cooperation for Sustainable Food Security’ at New Delhi. The conference aimed to promote
dialogue among Indian and African leaders, development partners, farmers and private sectors to
prepare an action plan for addressing food insecurity and poverty alleviation issues.
The Foundation has been recognised as a National Level Agency by the Government of India for
implementation of programmes under the National Horticulture Mission through SHGs/Cooperatives.
Indian Farm Forestry Development Cooperative Limited (IFFDC)
The Society had promoted a separate Multi-State Cooperative Society named ‘Indian Farm Forestry
Development Cooperative Limited’ (IFFDC) in 1993 with the prime objective of development of
wasteland for tree plantation and to enhance the socio-economic status of the 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. Afforestation in 26500 hectares of Wasteland had been achieved
by promoting 145 village level Primary Farm Forestry Cooperative Societies (PFFCS). These PFFCS
cover about 28500 members, out of which about 38 per cent are landless and 51 per cent small/
marginal farmers. The area of operation of IFFDC has further been extended to Uttarakhand, Jharkhand,
Orissa, Chhattisgarh, Andhra Pradesh, West Bengal, Assam, Tamil Nadu and Maharashtra.
IFFDC has been implementing Livelihoods Improvement through the Integrated Rural Development
(LIIRD) Project since April 2006 and is presently working in 55 villages of Orissa. The thrust has been
on creating natural resources and education in micro enterprises such as Spices, Pickles, Goat Rearing,
Dairy, Pisciculture, making of Papad, Agarbatti, Scent, Decorative Cloth Items, water resource
development, etc. IFFDC is also encouraging participation in the State Government’s Rural Poverty
Reduction Programmes like Sampoorna Gram Rojgar Yogna (SGRY) and National Rural Employment
Guarantee Scheme (NREGS). The work of IFFDC has been highly appreciated by State Governments
and the beneficiaries.
To enhance the fertiliser use efficiency, IFFDC is also promoting the balanced use of fertilisers. For
this purpose, a Mobile Soil Testing Van (MSTV) has been put into service and 5380 soil samples were
analysed during the year under report. A Seed Multiplication Programme (SMP) on wheat crop has
been started to provide quality seeds to the farmers and these seeds are provided to the farmers
through the IFFDC network of Krishak Seva Kendras in the State of U.P.

Empowering
women through
self-help groups

57
 vkbZ,Q,QMhlh us vky®P; o"kZ ds n©jku e/; Áns'k esa jkT; ljdkj dh jk"Vªh; xzkeh.k j®txkj xkjaVh ;®tuk
ds varxZr 12700 gSDVs;j Hkwfe esa ,dhÑr okVj'kSM MsoyiesVa ifj;®tukvksa ij dk;Z vkjaHk fd;k gS A ,slh gh ,d
ifj;®tuk uckMZ dh lgk;rk ls e/; izn's k] vka/kz izn's k] NÙkhlx<+ vkSj jktLFkku esa 9000 gSDVs;j Hkwfe ij Hkh 'kq:
dh xbZ gS A
fofHké jkT;¨a esa vkjaHk dh xbZ ifj;®tukvksa ij ;Fkk lkxj ftyk ¼e iz½ esa baMl cky Je ifj;®tuk] jktLFkku
vkSj e/; Áns'k esa osLVuZ bafM;u jsuQSM QkÉex Á®tsDV] jsu okVj gkosZÇLVx ifj;®tukvks]a Hkkjr ljdkj dh
;®tukvksa vkfn ds varxZr vkus okyh ifj;®tukvksa ij Hkh bl o"kZ ds n©jku dk;Z tkjh jgk A
fji®VZxr o"kZ ds n©jku vkbZ,Q,QMhlh d® bl o"kZ Hkh vPNs dkji®jsV flVhtuf'ki vkSj lrr Á;kl¨a ds fy,
Vsjh ¼n‚ ,uthZ ,aM fjlksflZt baLVhV~;Vw ½ dkji®jsV lkekftd nkf;Ro vokMZ] 2008 ds varxZr **Á'kalk&i=** Ánku
fd;k x;k A
lgdkjh xzkeh.k fodkl U;kl ¼d®jMsV½
lgdkjh xzkeh.k fodkl U;kl ¼d®jMsV½ fdlku¨a d® Ñf"k iSnkokj c<+kus vkSj i'kqikyu] ckxokuh] QkeZ eSdus kbts'ku]
moZjd¨a ds larqfyr mi;®x] tSo moZjd¨a ds mi;®x ds ckjs esa xzkeh.k Lrj ij O;kolkf;d usr`Ro Ánku djus o
e/kqeD[kh ikyu] eRL;&ikyu] dEI;wVj ds Á;®x] LØhu ÇÁÇVx] ÇÁÇVx] oSÇYMx] VsyÇjx vkSj ,EczkW;Mªh] Á©<+ f'k{kk
dk;ZØe ,oa Qy o lfCt;¨a ds ifjj{k.k vkfn ds ek/;e ls xzke Lrj ij O;kolkf;d usr`Ro Ánku dj jgk gS A bl
VªLV dh rhu LFkkiuk,a gSa ftuesa ls ,d Qwyiqj ¼mÙkj Áns'k½ esa rFkk ,d&,d dy®y vkSj dkaMyk ¼xqtjkr½ esa gSa A
o"kZ 2008&09 ds n©jku d®jMsV us 216 Áf'k{k.k dk;ZØe¨a dk vk;®tu fd;k vkSj 13453 fdlku blls ykHkkfUor
gq, ftuesa fofHké jkT;¨a dh efgyk,a Hkh 'kkfey FkÈ A Qwyiqj vkSj dy®y fLFkr dksjMsV dh 'kk[kk,a viuh e`nk
ijh{k.k Á;®x'kkykvksa ds tfj, fdlku¨a d® fu%'kqYd e`nk ijh{k.k lqfo/kk,a Hkh miyC/k djkrh gSa A o"kZ 2008&09
ds n©jku feV~Vh ds 71122 uewu¨a dk fo'ys"k.k fd;k x;k A blds vykok] ekbØ® U;wfVª,Va ~l dh tkap ds fy,
feV~Vh ds 1418 uewu¨a rFkk ÇlpkbZ ds ikuh ds fy, 47 uewu¨a dh tkap dh xbZ A
2008&09 ds n©jku dksjMsV ds Qwyiqj vkSj dy®y fLFkr la;= a ¨a us feydj fofHké fdLe ds 529-91 Vu tSo
moZjd¨a ;Fkk ,t®V®cSDVj] ,t®fLÁfy;e] jkbt®fc;e vkSj ih,lch] ,DV®cSDVj vkfn dk mRiknu fd;k bl o"kZ ds
nkSjku yxHkx 541-70 Vu tSo moZjdksa dh fcØh dh xbZ A

Mk- th ,u lDlSuk]
funs’kd ¼lgdkfjrk
fodkl½] vkbZ lh , ds
v/;{k Jh bokuks ckjcsuh
rFkk Jh bvku
eSdMksukYM ,oa vkbZ lh
, ds mPp Lrjh;
izfrfuf/k eaMy ds lnL;
fo;ruke ds
iz/kkuea=h ds lkFk guksbZ
esa HksVa djrs gq,

58
 IFFDC has undertaken Integrated Watershed Development Projects in Madhya Pradesh covering
12700 hectares under National Rural Employment Guarantee Scheme of the State Government.
Another such project has also been undertaken in Madhya Pradesh, Andhra Pradesh, Chhattisgarh
and Rajasthan on 9000 ha area with the financial support from NABARD.
Work on projects already undertaken by IFFDC in various States in the previous years continued
in the current year also viz. Indus Child Labour Project in district Sagar (M.P.), Western Indian Rainfed
Farming Project in Rajasthan and M.P., Watershed Development Projects, etc.
IFFDC has been awarded the ‘CERTIFICATE OF APPRECIATION’ by TERI (The Energy and
Resources Institute) under its Corporate Social Responsibility Award 2008 for its efforts towards
good corporate citizenship and sustainable initiatives continuously for the current year also.
Cooperative Rural Development Trust (CORDET)
The Cooperative Rural Development Trust (CORDET) has been providing practical training to
farmers to improve their skills in crop and animal husbandry, horticulture, farm mechanisation,
balanced fertilisation, use of bio-fertilisers, professional leadership at village level, bee-keeping,
pisciculture, computer use, screen printing, printing, welding, tailoring and embroidery, adult
education programmes, fruits and vegetables preservation, etc. The Trust has three establishments—
one at Phulpur in Uttar Pradesh and one each at Kalol and Kandla in Gujarat State.
During the year 2008-09, the CORDET has organised 216 training programmes benefiting
13453 farmers including women from various States. CORDET Phulpur and Kalol also provide free
soil testing facilities through their Soil Testing Laboratories to the farmers. During 2008-09, 71122
soil samples were analysed. In addition, 1418 soil samples were also analysed for micro nutrients
and 47 samples for irrigation water.
The bio-fertiliser plant at CORDET Phulpur and Kalol together produced 529.91 tonne of bio-
fertilisers during 2008-09 of various strains like Azotobacter, Azospirillum, Rhizobium, PSB,
Acetobacter, etc. During the year under report, the Society sold about 541.70 tonne of bio-fertilisers.

Farmers
witnessing the
operation of
Land Leveller

59
 dkji®jsV xousZal
lfefr us viuh LFkkiuk ls gh dkji®jsV xousl Za ds rgr ikjn'khZ] turkaf=d vkSj O;kolkf;d i)fr;¨a d®
viukrs gq, **lgdkjh Nfo** okyh laLFkk ds :i esa igpku cukbZ gSA ge **lgdkjh ewY;¨a** vkSj **lgdkjh fl)kUr¨a**
dh egku ijEijk d® cuk, j[kus ds Hkjld Á;kl dj jgsa gSa A lfefr dk lnk ;g Á;kl jgk gS fd og lgdkjh
fl)kUr¨a o lgdkjh ewY;¨a dh mnkÙk Hkkoukvksa rFkk baVjus'kuy d®vkijsfVo ,yk;al ¼vkbZlh,½ }kjk fu/kkZfjr pkVZj
ds vuqlj.k esa vius 'ks;j/kkjd¨a ds le{k mPp Lrj dh ikjnÆ'krk vkSj tokcnsgh cuk, j[k lds A bQd® dh
xfrfof/k;ka cgqjkT; lgdkjh l®lkbVht+ vf/kfu;e@fu;e¨a rFkk bQdks mi&fu;e¨a ds Áko/kku¨a ds vuqlkj
lapkfyr dh tkrh gSSa A dkji®jsV xousl Za ij vyx ls ,d foLr`r fooj.k bl okÆ"kd fji®VZ esa fn;k x;k gS A
lwpuk rFkk lapkj Á©|®fxdh
o"kZ 2008&09 ds n©jku lwpuk rFkk lapkj Á©|®fxdh ¼vkbZlhVh½ dh xfrfof/k;¨a d® laLFkk ds fodkl dh j¶rkj
ds lkFk t®M+k x;k gS A ,UVjÁkbt okbM ,fIyds'ku¨a ;Fkk vuqj{k.k Áca/ku Á.kkyh] lkexzh Áca/ku Á.kkyh] foÙkh;
Áca/ku Á.kkyh] bZ&Á®D;®jesVa ] foi.ku ,fIyds'ku¨a] odZQ~y® ,fIyds'ku¨a d® vkSj mér cuk;k x;k rFkk buds
QaD'ku¨a d® Hkh c<+k;k x;k A
oku ¼MCY;w , ,u½ rFkk usVodZ flD;ksfjVh dks l'kDr cukuk
oku fyaDl ds viVkbe dks 'kr&izfr'kr ds vklikl miyC/k djkus ds fy, ,;jVsy ls cSdvi fyaDl dks jkT;
foi.ku dk;kZy;ksa rFkk dqN egRoiw.kZ {ks=h; dk;kZy;ksa rd c<+k;k x;k A fctusl ,fIyds'kuksa ds csgrj <ax ls
,Dlsl djus ds fy, 65 {ks=h; dk;kZy;ksa ds lHkh fyadksa ds fy, 128 dschih,l ls 256 dschih,l rd cSM a foM~Fk
vixzM s 's ku fd;k x;k A dkjiksjVs dk;kZy; ubZ fnYyh esa baVjusV cSM a foM~Fk dks c<+k+ dj 21 ,echih,l fd;k x;k
gS rkfd bUVjusV rFkk bUVjusV czkmftax ij vf/kd oSc loZjksa dh c<+rh vko';drkvksa dks iwjk fd;k tk lds ftls
la;=a ksa rFkk iwjs ns'k esa lHkh foi.ku dk;kZy;ksa rd c<+k;k x;k gS A ok;jl jfgr rFkk lsQ baVjusV czkmftax ds fy,
oSc lsl a baVjusV flD;ksfjVh flLVe dks dk;kZfUor djds flD;ksfjVh dks l'kDr fd;k x;k gS A ok;jl vVSd ls
lqj{kk ds fy, iwjs ns'k esa lhesVa d s ,aVh ok;jl ljoj dks dUlksfyMsV fd;k x;k gS rFkk lHkh e'khuksa ij baLVky fd;k
x;k gS A fdlh izdkj ds eSyfs 'k;l baVjusV VªfS Qd@vVSd dks ekWfuVj djus rFkk mls jksdus ds fy, baVt wª u fizo'as ku
flLVe vkbZih,l dk dk;Z izxfr ij gS A opZv q y izkbosV usVodZ ohih,u dks ykxw fd;k tk jgk gS rkfd vf/kdkjh
baVjusV dusDVfoVh rFkk flldks ohih,u DykabV ou Vkbe ikloMZ vksVhih gkMZo;s j Vksdu dk Vw QSDVj ,Fkafs Vds'ku
dk bLrseky djds nwjLFk LFkkuks@ a ?kj ls dk;kZy; dk dk;Z dj ldsAa lkdsr esa fLFkr dkjiksjVs dk;kZy; rFkk la;Dq r
m|e Hkkxhnkjksa ds chp ohfM;ks dkUÝsfa lax dh Hkh lqfo/kk miyC/k gS A lHkh bdkbZ;ksa esa ohlh fdVksa ds vixzM
s 's ku@baLVkys'ku
dk dk;Z py jgk gS A
bZ&izkDs ;ksjesVa
bZ&izkDs ;ksjesVa pSuy tks vR;f/kd rhoz rFkk ikjn'khZ gS ds ek/;e ls osM a jksa ds izR;qRrj esa lq/kkj djus ds fy, ekStnw k
bZ&izkDs ;ksjesVa iz.kkyh dh leh{kk djus rFkk izR;sd bdkbZ esa MsMhdsfVM gSYi MsLd LFkkfir djus dk fu.kZ; fy;k x;k
Fkk A bu y{;ksa dks izkIr djus ds mÌs'; ls ekStnw k bZ&izkDs ;ksjesVa ,fIyds'ku dks la'kksf/kr fd;k x;k rFkk mlesa dbZ
ubZ fo'ks"krkvksa dks tksMk+ x;k tSls ukWu fMfØI'ku vkWQ vuizkbLM fcM~l] vkWVks tsujs'ku vkWQ ikloMZ A la;= a ksa ea as
LFkkfir gSYi MsLd fdlh izdkj dh dfBukbZ dh fLFkfr esa osM a jksa dks lgk;rk miyC/k djkrs gSa A ykbu dks
budksjiksjVs djus ds fy, gSYi MSLd QaD'kUl rFkk lVhZfQdsV b'kq,l a izkls ls nks u;s ,fIyds'ku uker% gSYi MsLd
LikWV ,fIyds'ku & bZ&izkDs ;ksjesVa rFkk gSYi MSLd LikWV ,fIyds'ku & ,e,e,l dk fodkl fd;k x;k gS A
u;k ,evkbZ,l iksVyZ
,d u;k ,evkbZ,l iksVy Z ] ^U;w lat; ,evkbZ,l* eq[;ky; esa fØ,V fd;k x;k gS tks ekuo lalk/ku izcU/k iz.kkyh]
mRiknu@rduhdh fjiksfZ Vax] fczdh o LVkd] baMLVªh ijQkjesl
a ds MkseUs l esa IykaV dh ekylwph ls lEca/k ,evkbZ,l
lwpuk miyC/k djkrk gS A
u;k eSVfs j;y eSuts esVa flLVe
dyksy bdkbZ }kjk fodflr fd;s x;s U;w eSVfs j;y eSut s esVa flLVe dks dyksy]dkaMyk rFkk vkaoyk bdkbZ;ksa
esa ykxw fd;k x;k gS A ;g flLVe la;= a ksa ds chp fofHkUu enksa ds LVkWDl ds ckjs esa tkudkjh miyC/k djkrk gS
tks ekylwph fu;a=.k esa enn djsx
a s A bl flLVe dks twu@tqykbZ] 2009 rd Qwyiqj rFkk ikjknhi bdkbZ;ksa esa ykxw
djus dh ;kstuk gS A
60
CORPORATE GOVERNANCE
The Society has consistently followed transparent, democratic and professional practices in Corporate
Governance since its inception. We have carved out a strong ‘Cooperative Identity’ and are making
sincere efforts to uphold the ‘Cooperative Values’ by cherishing ‘Cooperative Principles’. The Society’s
endeavour has been to achieve the highest levels of transparency, accountability and full disclosure to
its shareholders in a bid to uphold the spirit of Cooperative Principles and Cooperative Values by
following the charter as laid down by International Cooperative Alliance (ICA). The activities of the
Society have been conducted within the provisions of the Multi State Cooperative Societies Act/Rules
and IFFCO Bye-laws. A separate detailed report on Corporate Governance is given along with the
Annual Report.

INFORMATION AND COMMUNICATION TECHNOLOGY

During 2008-09, Information and Communication Technology (ICT) activities kept pace with the
developments taking place in the organisation. The Enterprise wide applications like Maintenance
Management System, Materials Management System, Financial Management System, E-procurement,
Marketing applications, Workflow applications have been further augmented with enhanced
functionalities.
Enhancement of WAN and Network Security
To provide uptime of WAN links near to 100 per cent, backup links from Airtel have been extended
up to State Marketing Offices and some important Area Offices. Bandwidth upgradation from
128 Kbps to 256 Kbps for all the links of 65 Area Offices has been completed for improved access of
Business Applications. Internet bandwidth at the Corporate Office, New Delhi, has been enhanced to
21 Mbps to cater to ever increasing needs of hosting more web servers on the Internet and Internet
browsing which is extended to the Plants and all Marketing Offices across the country.
For safe and virus free Internet browsing, Security has been enhanced by implementing Web sense
Internet security system. Symantec antivirus server has been consolidated and clients installed on all
the machines across the country for protection from virus attacks. Upgradation of Intrusion Prevention
System (IPS) is under progress to monitor and prevent any malicious Internet traffic/attack. Virtual
Private Network (VPN) is being implemented to enable officials to work from home/remote locations
using Internet connectivity and Cisco VPN client with One Time Password (OTP) hardware token for
two factor authentications. Video Conferencing (VC) between the Corporate Office at Saket and Joint
Venture partners has been facilitated. Upgradation/installation of VC kits at all the Units is in process.
E-Procurement
To improve vendor response through the E-Procurement channel, which is quite fast and transparent,
it was decided to review existing E-Procurement process and establish dedicated Help Desks at individual
units. In order to achieve these goals, existing E-Proc application was modified and many new features
were added (like non decryption of ‘Unpriced Bids’, ‘Auto Generation’ of passwords, etc.). Help Desks
at the Plants provide help to vendors in case of any difficulty. To incorporate line ‘Help Desk Functions’
and ‘Certificate Issuance Process’, two new applications, namely, ‘Help Desk Support
Application—E-Proc’ and ‘Help Desk Support Application—MMS’ have been developed.
A New MIS Portal
A new MIS Portal, ‘New Sanjaya MIS’ has been created at the HO, which provides MIS information
relating to Plant Inventory in the domains of Human Resource Management System, Production/
Technical Reporting, Sales and Stocks, Industry Performance.
New Materials Management System
The new Materials Management System developed at Kalol Unit has been implemented at the
Kalol, Kandla and Aonla Units. The System provides for information sharing between the plants on
stocks of various items, which will help in inventory optimisation. The system is planned for rollout at
the Phulpur and Paradeep Units by June/July, 2009.
61
 la;a= vuqj{k.k izca/k flLVe ¼ih,e,e,l½
ikjknhi bdkbZ d® N®M+dj] lHkh bdkb;¨a us ih,e,e,l Qsl&A ftlesa bfDoiesVa MsVk cSd a ] ,eMCY;wvkj] y‚x
cqd] fgLVjh dkMZ] fÁosfUVo j[k&j[kko 'kSM~;Yw l vkSj 'kVMkmu d® lQyrkiwoZd dk;kZfUor fd;k tk pqdk gS A bl
flLVe dk iz;ksx la;= a bfDoiesVa ds j[k&j[kko] okf"kZd 'kV&Mkmu vkfn ds lac/a k esa ;®tuk vkSj fu.kZ; djus esa
fd;k tkrk gS A bl iz.kkyh ds pj.k&II dk dk;kZUo;u fofHkUu pj.kksa esa gS A
lwpuk lqj{kk
o"kZ 2008&09 ds nkSjku usVodZ] ,fIyds'ku rFkk fMokbfll dh lqj{kk dks etcwr cukus ds mn~n's ; ls ,d ckgjh
,tsl
a h }kjk bUQkesZ'ku flD;ksfjVh vkfMV djk;k x;k Fkk A bl vkfMV esa dkjiksjVs dk;kZy;] mRiknu bdkbZ;ksa rFkk
vf/kdka'k foi.ku dk;kZy;ksa esa lEiw.kZ vkbZlhVh bUÝkLVªd~pj dks lekfgr fd;k x;k Fkk A blds vk/kkj ij
bUQkesZ'ku flD;ksfjVh dks vkSj vf/kd lqn`<+ cukus ds fy, vfrfjDr mik; Hkh fd;s x, A
okVj eSustesaV flLVe
ikuh dh xq.koÙkk dh fu;fer ekWfuVfjax ds fy, ubZ iz.kkyh fodflr dh xbZ gS A bl iz.kkyh ls ikuh dh xq.koRrk
ds fofHkUu ekudksa rFkk la;=
a ifjljksa ls thjks ,QY;w,Va fMLpktZ dh O;oLFkk djus esa lgk;rk feyrh gS A bl vkWu
ykbu flLVe ls Qwyiqj esa veksfu;k&I rFkk II la;= a ksa rFkk ikoj la;=
a ksa ds Mh,e okVj rFkk ckW;yj QhM okVj] ck;yj
Mªe okVj rFkk ikoj la;= a ds lhchMh okVj dh ekWfuVfjax esa lgk;rk feyrh gS A bl flLVe ls fofHkUu iSjkehVjksa
tSls ih,p] daMfDVfoVh] flfydk] QkLQsV] lksfM;e QkLQsV vuqikr rFkk gkbZMªkftu jsthM~;v w y dh ekfuVfjax esa Hkh
lgk;rk feyrh gS A
mRikn izs"k.k iz.kkyh
ubZ mRikn izs"k.k iz.kkyh fodflr dh xbZ gS rkfd foi.ku fcØh ds lkFk ftlesa dkjiksjsV dk;kZy; esa lSaVªy
MkVk LVksjst dh lwpuk ds lkFk&lkFk la;a=ksa ds izs"k.kksa dks vkaoyk bdkbZ esa bls 1 Qjojh] 2009 ls ykxw fd;k
x;k gS A vU; bdkbZ;ksa esa bldk dk;kZUo;u izxfr ij gS A
bQdks ds la;qDr m|eksa dks lg;ksx
vkbZlhih,y rFkk vkbZd,s lbZtM
S esa ,pvkj,e,l] foÙkh; ys[kkadu] rFkk bZ&esy flLVe dks ykxw fd;k x;k gS A
vkbZd,s l,y dks fofHkUu miLdjksa dh tkap] foRrh; ys[kkadu] lkQ~Vos;j ds dk;kZUo;u] lan's k Hkstus rFkk MsVkcsl
l`tu] bZeys lSVvi vkfn fofHkUu {ks=
+ ksa esa lgk;rk miyC/k djkbZ xbZ gS A vkbZVhthvkbZ dks fuos'k ls lacfa /kr
lkQ~Vos;j fodflr djus] usVodZ Vªcy 'kwfVax] gSYi MsLd lSVvi vkfn ds fy, Hkh lgk;rk iznku dh xbZ gS A
vksebQdks esa dk;kZUo;u ds fy, bQdks ds ,pvkj,e,l dks Hkh la'kksf/kr fd;k tk jgk gS A
bZ&fodkl
ekdsfZ Vax flLVe foHkkx us dkjiksjVs dk;kZy; esa lHkh MkVkcsl@,Iyhds'ku loZjksa dks dUlksfyMsV fd;k x;k gS A
fctusl dafVU;wfV Iyku dks gkfly djus ds fy, dyksy esa vksjd s y MkVk xkMZ Qhpj ftlesa U;wure cSM a foM~Fk Fkk]
bLrseky gksrk gS rFkk bldk iz;ksx djds Mh vkj lkbV LFkkfir dh xbZ gS A bZ&fodkl ekdsfZ Vax ,fIyds'ku bZvkjih]
foi.ku izHkkx dh ykbQ ykbu gS rFkk bls bUVjusV rFkk ¼oku½ nksuksa ij ,Dlsl fd;k tk ldrk gS A bZ&fodkl ds
3 eq[; eksM;~ Yw l gSa ¼d½ fcØh o ysunkj ¼[k½ bUosaVjh] vkSj ¼x½ HkaMkj.k ]gSMfyax o Vªkl
a iksV'Zs ku fcfyax A
bZ&fodkl ds vfrfjDr] foi.ku izHkkx ds fofHkUu vU; eksM~;Yw l gS ,Q,,l ¼foi.ku foRrh; ys[kkadu iz.kkyh½]
bZih,,l lao)ZukRed xfrfof/k;ka iz.kkyh] bZ&,Q,llh] ¼fdlku lsok dsUnz dk ys[kkadu½] bZ&,,e ¼,UVjizkbt ,lsV
eSut
s esVa rFkk bZihvks,e,l ¼iksVZ vkWijs'ku izc/a ku½ vkfn gSa A
vkbZ,lv¨ Áek.ku
vkidh lfefRk lHkh dk;Z{®=ksa esa xq.koRrk ij fo'®"k /;ku nsRkh jgh gS A moZjd m|®x esa dy®y bdkbZ d® lcls
igys vxLRk] 1996 esa vkbZ,lv® 9002 dk vURkjkZ"Vªh; Áek.k i= Ánku fd;k x;k Tk® mRiknu] baLVkys'ku v©j
lsokvksa ds {®= esa xq.koRrk dk ÁRkhd gS v©j bls le;&le; ij iqu% Áekf.kRk fd;k x;kA Qwyiqj bdkbZ d® Hkh
TkqykbZ] 2000 esa vkbZ,lv®&9002 vaRkjkZ"Vªh; Áek.k i= Ánku fd;k x;k A dy®y v©j Qwyiqj] n®uksa bdkbZ;ksa ds
lac/a k esa muds DokfyVh flLVeksa ds ckjs esa eSllZ C;wj® osjhVkl DokfyVh baVjus'kuy ¼chohD;wvkbZ½ us fopkj fd;k
v©j mUgsa u, vkbZ,lv® ekud laLdj.k vkbZ,lv® 9001%2000 ds vuqlkj Áek.k i= Ánku fd;k x;k A vkaoyk
bdkbZ us vkbZ,lv® 9001&2000] vkbZ,lv® 14001%2004 vkSj vks,p,l,,l 18001%1999 vaRkjkZ"Vªh; Áek.k i= ÁkIr
fd;k gSS A ,dhÑr eSuTs kesVa flLVe dks mi;qZDr lHkh iz.kkfy;ksa ls tksMu+ s dk dk;Z Hkh izxfr ij gS A
62
Plant Maintenance Management System (PMMS)
PMMS Phase I with modules on Equipment Data Bank, MWR, Log Book, History Card, Preventive
Maintenance Schedules and Shutdown had been implemented in all the Units except Paradeep.
The System is used for planning and decision making related to Plant equipment maintenance,
Annual shutdown, etc. Phase II of the System is in various stages of implementation.
Information Security
During 2008-09, an Information Security Audit by an external agency was undertaken to strengthen
the security in network, application and devices. The audit encompassed the entire ICT infrastructure
at the Corporate Office, production units and majority of Marketing Offices. Based on the same,
additional measures were introduced to further strengthen information security.
Water Management System
A new System for regular monitoring of Water Quality has been developed. The System helps in
monitoring various parameters of Water Quality and managing Zero Effluent Discharge from Plant
Premises. The On Line System helps in monitoring DM Water and Boiler Feed Water, Boiler Drum
Water and CBD Water of Power Plant and Ammonia I and II Plants at Phulpur. The System also helps
in monitoring various parameters like pH, Conductivity, Silica, Phosphate, Sodium Phosphate Ratio
and Hydrazine Residual.
Product Despatch System
A new Product Despatch System has been developed to seamlessly integrate Plants Despatches
with Marketing Sales, with its central data storage at the Corporate Office. It has been rolled out at
the Aonla Unit from 1st February, 2009. Implementation at other Units is in progress.
Support to IFFCO’s JVs
HRMS, Financial Accounting and E-mail Systems have been rolled out in ICPL and IKSEZ. Support
was provided to IKSL in various equipments testing, implementation of Financial Accounting Software,
Messages dissemination and Database creation, E-mail setup, etc. Help was provided to ITGI for
software development on Investment, Network trouble shutting, Helpdesk setup, etc. IFFCO’s HRMS
is also being modified for implementation in OMIFCO.
E- VIKAS
The Marketing Systems Department has consolidated all database/Application servers at the
Corporate Office. In order to achieve the Business continuity plan, DR site has been installed at
Kalol using Oracle Data guard feature, which uses minimum bandwidth. e-VIKAS (Marketing
Application ERP) software is the lifeline of Marketing Division and is accessible through both Internet
as well as WAN. e-VIKAS has three major modules namely (a) Sales and Debtors (b) Inventory and
(c) Storage, Handling and Transportation Billing.
Apart from e-VIKAS, the various other modules of the Marketing Division are FAS (Marketing
Financial Accounting System), ePAS (Promotional Activities System), e-FSC (Farmers Service Centre
Accounting), e-AM (Enterprise Asset Management) and POMS (Port Operations Management).

ISO CERTIFICATION
We have been giving continuous thrust to quality movement in all functional areas. The Kalol Unit
was the first in the fertiliser industry to receive ISO-9002 International Certification for Quality
Assurance in Production, Installation and Services in August, 1996, and the same was re-certified
from time to time. Phulpur Unit also acquired ISO-9002 International Certification in July, 2000.
Both the Kalol and Phulpur Units were considered by M/s Bureau Veritas Quality International
(BVQI) for their Quality Systems, and awarded the certificate as per the New ISO Standard Version
ISO 9001:2000. The Aonla Unit had received International certifications ISO 9001-2000, ISO 14001:
2004 and OHSAS 18001: 1999. The adoption of an Integrated Management System combining all
the above systems is also in progress. A Consultant has been selected for obtaining accreditation to
International Standardisation System (ISO-14001) in respect of the Paradeep Unit.
63
 ikjknhi bdkbZ dks vaRkjkZ"Vªh; ekudhdj.k iz.kkyh ¼vkbZ,lv®&14001½ esa ,fØfM,'ku izkIr djus ds fy, ,d
lykgdkj dk p;u fd;k x;k gS A
foÙkh; jsÇVx
cSd
a ¨a vkSj jsÇVx ,tsfa l;¨a ds lkFk lfefr dh mRÑ"V ØsfMV jsÇVx ds dkj.k bls vYikof/k _.k] ftuesa fons'kh
eqæk ds _.k Hkh 'kkfey gS]a ÁfrLi/kkZRed nj¨a ij fey tkrs gSa A fofHké jsÇVx ,tsfa l;¨a }kjk lfefr d® fuEu
Ádkj ls jsÇVx nh xbZ gS %
fØfly jsÇVx
bQd® ds nhÄkZof/kd _.k dk;ZØe d® ,,&¼vkmVyqd usxsfVo½ dh jsÇVx nh xbZ gS A ;g jsÇVx ;g n'kkZrh
gS fd baLVwªesaV ij C;kt vkSj ewy/ku ds le; ls Hkqxrku ds laca/k esa _.k dh lqj{kk dk Lrj mPp gS A 100
dj®M+ #i;s ds deÆ'k;y isij dk;ZØe d® **ih1+ ¼ftls ih ou Iyl dgrs gSa½ dh jsÇVx nh xbZ gS A ;g jsÇVx
n'kkZrh gS fd baLVwªesaV ij C;kt vkSj ewy/ku ds le; ls Hkqxrku ds laca/k esa _.k dh lqj{kk dk Lrj vR;ar lqn`<+
gS A xousZal vkSj oSY;w fØ,'ku ¼thohlh½ ds ekeys esa bQd® dks ^^thohlh ysoy 2^^ dh jsÇVx nh xbZ gS A ;g
jsÇVx ;g n'kkZrh gS fd vius lHkh va'k/kkfj;¨a ds fy, /ku&lEink ds vtZu rFkk lqn`<+ dkji®jsV xousZUl
Á.kkfy;¨a d® viukus ds laca/k esa lfefr dh l{kerk mPp Lrj dh gSA
fQp jsÇVx
bQd® dh dk;Z'khy iwt a h@vYikof/kd _.k¨a dks ^^,Q1+ ¼baM½^^ dh vYikof/k jsÇVx Ánku dh xbZ gS A ;g jsÇVx
n'kkZrh gS fd baLVweª Vas ij C;kt vkSj ewy/ku ds le; ls Hkqxrku ds lac/a k esa _.k dh lqj{kk dk Lrj vR;ar lqn<` + gS A bQd®
ds nhÄkZof/k _.k dk;ZØe d® ^^,, ¼baM½ ¼vkmVyqd usxfs Vo½^^ dh nh?kkZof/kd jsÇVx nh xbZ gS A ;g jsÇVx ;g
n'kkZrh gS fd baLVwªesaV ij C;kt vkSj ewy/ku ds le; ls Hkqxrku ds laca/k esa _.k dh lqj{kk dk Lrj
mPp gS A
ds;j jsÇVx
,d o"kZ rd dh vof/k ds dk;Z'khy iwath@vYikof/k _.k¨a ds fy, bQd® d® ihvkj1+ ¼ih ou Iyl½ jsÇVx
nh xbZ gS A ,d o"kZ ls vf/kd vof/k ds ckg~; okf.kfT;d m/kkj¨a vkSj vU; e©twnk nhÄkZof/kd m/kkj¨a] ds fy,
bQd® d® ^^ds;j ,,^^ ¼Mcy ,½ dh jsÇVx nh xbZ gS A
ekuo lalk/ku
ekuo lalk/ku fdlh laxBu dh lokZf/kd ewY;oku ifjlEifRr gS tks mldh lQyrk dks fu/kkZfjr djrh gS A
rsth ls c<+rs gq, O;kolkf;d ekgkSy esa pqukSfr;ksa dk lQyrkiwoZd eqdkcyk djus ds fy, deZpkfj;ksa dks csgrj
lqfo/kk,a nsus ds gekjs lrr iz;klksa ds :i esa muds fy, ,d vkof/kd vUrjky ij lqO;ofLFkr izf'k{k.k rFkk fodkl

xzkeh.k efgykvkas dks

vpkj&eqjCcs cukus dk
izf’k{k.k nsdj vkRefuHkZj
cukus esa lg;ksx djrs
gq, vf/kdkjh

64
FINANCIAL RATINGS
The Society’s excellent credit ratings with bankers and rating agencies allows access to short term
funds including foreign currency borrowings at competitive rates. Ratings assigned by different Rating
Agencies to the Society were as under:
CRISIL Ratings
AA- (outlook Negative) rating on IFFCO’s Long Term Borrowing Programme. The rating indicates
high degree of safety with regard to timely payment of interest and principal on the instrument. P1+
(pronounced ‘P One Plus’) rating to IFFCO’s Rs. 100 Crore Commercial Paper Programme. This
rating indicates that the degree of safety with regard to timely payment of interest and principal on
the instrument is Very Strong. Governance and Value Creation (GVC) rating at ‘GVC Level 2’. This
rating indicates that the capability of the Society with respect to wealth creation for all its
stakeholders, while adopting sound corporate governance practices, is high.
FITCH Ratings
Short Term Rating of ‘F1+(Ind)’ to IFFCO’s Working Capital/Short term borrowings. This rating
indicates that the degree of safety with regard to timely payment of interest and principal on the
instrument is Very Strong. Long Term Rating of ‘AA(ind)(outlook Negative)’ to the Long Term Debt
Programme of IFFCO. This rating indicates high degree of safety with regard to timely payment of
interest and principal on the instrument.

CARE Ratings
PR 1+ (P One Plus) rating to IFFCO’s Working Capital facilities/Short Term Loans having tenure of
up to one year. CARE AA’ (Double A) rating to External Commercial Borrowings and other existing
long term borrowings having tenure of over one year.

HUMAN RESOURCE
Human Resource is the most valuable asset of the organisation that determines its success. As a
part of our continuous efforts to better equip the employees to successfully deal with the challenges
in the rapidly changing business environment, well-structured training and development programmes
were organised at periodical intervals. More emphasis was laid on tapping the employee‘s potential
and development of their key talent. More than 250 in-house programmes on Agriculture, Marketing,

Children participating
in the final round of
the IFFCO’s
Inter-unit Quiz

65
 dk;ZØeksa dk vk;kstu fd;k x;k A bu dk;ZØeksa esa deZpkjh ds dkS'ky dk irk yxkus rFkk mudh izeq[k izfrHkk
ds fodkl ij cy fn;k x;k A d`f"k] foi.ku] lkekU; izc/a ku] rduhdh] lwpuk izkS|ksfs xdh] lgdkjh izc/a ku rFkk
dkexkjksa ds fodkl ij 250 ls vf/kd bugkml dk;ZØe vk;ksftr fd;s x;s ftlesa deZpkfj;ksa ds fy, 980 izf'k{k.k
fnolksa esa mUgsa izf'kf{kr fd;k x;k A
bl o"kZ ds nkSjku deZpkfj;ksa ds n`f"Vdks.k] mudh Hkkoukvks]a dk;Z ds izfr mudh fparkvks]a dk;Z] ijLij
lac/a kks]a ,pvkj uhfr;ksa rFkk fdlh deZpkjh dh O;fDrxr mRikndrk rFkk laxBukRed y{;ksa dks izkIRk djus esa mudh
lkewfgd ;ksX;rk dks izHkkfor djus okys vU; dbZ ?kVdksa ds ckjs esa ,d deZpkjh fu;kstu losZ djk;k x;k Fkk A
ofj"B dk;Zdkfj;ksa ds fy, lkekU; izc/a ku fo"k; ij nks pj.kksa esa ,d u;k bugkml dk;ZØe vk;ksftr fd;k
x;k Fkk A izFke eksM~;y w ,Q,eMhvkbZ] xqMx + kao esa vk;ksftr fd;k x;k Fkk ftldk mn~n's ; laxBukRed okrkoj.k
ds Mk;ukfeDl ij tkudkjh miyC/k djkuk rFkk c<+rs gq, izfrLi/khZ txr esa izc/a kdh; rFkk usr`Ro dh pqukSfr;ksa dks
dkjZokbZ ;ksX; uhfr;ksa esa cnyuk Fkk A f}rh; eksM~;y w dk vk;kstu dksvkijsfVo yhx vkWQ FkkbySM a ] ¼lh,yVh½]
FkkbZySM a rFkk MsoyiesVa vkWQ ,xzhdYpjy dksvkijs'ku bu ,f'k;k ¼vkbZMh,lh,½] tkiku ds laLFkku esa vk;ksftr
fd;k x;k Fkk ftlesa fo'o ds lanHkZ esa lgdkfjrkvksa ds fodkl dh fLFkfr ds ckjs esa tkudkjh nh xbZ A
ikjknhi bdkbZ ds deZpkfj;ksa ds fy, dk;Z uSfrdrk rFkk viuRo ¼fcyksfxaxuSl½] ij vusd dk;ZØe vk;ksftr
fd;s x;s A budk mn~n's ; mUgsa lgdkfjrkvksa ds ckjs esa f'kf{kr djuk rFkk ikjknhi bdkbZ ds :i esa ,d ubZ bdkbZ
gksus ds ukrs bQdks ifjokj dks laxfBr djuk Fkk A
lgdkjh iz.kkfy;ksa dks lqO;ofFkr djus rFkk mUgsa lqn`<+ cukus ds mÌs'; ls jkT;ksa dh lgdkjh lfefr;ksa rFkk
usiky ds jk"Vªh; lgdkjh egkla?k ds fy, lgdkjh fodkl dk;ZØeksa dk Hkh vk;kstu fd;k x;k A usiky esa lgdkjh
dk;Ziz.kkyh ds ckjs esa deZpkfj;ksa dks ubZ tkudkjh miyC/k djkus rFkk muds vuqHko dks ckaVus ds mÌs'; ls usiky
dh QkjelZ dksvkijsfVo rFkk gekjs vf/kdkfj;ksa ds fy, ,d lkewfgd dk;ZØe dk Hkh vk;kstu fd;k x;k A
bUVjus'kuy dksvkijsfVo ,yka,l&,f'k;k islhfQd }kjk ,d dk;ZØe vk;ksftr fd;k x;k ftlesa phu] baMksufs 'k;k]
E;kaekj] usiky] bjku] FkkbZySM a vkSj fo;ruke vkfn ns'kksa ds ÁfrHkkfx;¨a us Hkkx fy;k A
deZpkfj;ksa ds cPpksa ds fy, bUVj ;wfuV fDot izfr;ksfxrk] dSfj;j MoyiesVa ] dE;qfuds'ku fLdy] LokLF; dh
ns[kHkky] [kku&iku] ;ksx rFkk /;ku vkfn bugkml dk;ZØeksa dk Hkh vk;kstu fd;k x;k A
efgyk l'kfädj.k
viuh LFkkiuk ls gh bQd® j®txkj ds lHkh Lrj¨a vFkkZr bathfu;Çjx] pkVsZM ,dkmaVl as h] esMhdy] ekuo
lalk/ku vkSj flLVEk~l vkfn esa efgykvksa d® leku volj Ánku djrh vk jgh gS A 31 ekpZ] 2009 d® lfefr ds
dqy 6757 deZpkfj;¨a esa ls efgyk deZpkfj;¨a dh la[;k 177 Fkh ftlesa ls 118 efgyk,a dk;Zdkjh d‚Mj esa vkSj 'ks"k
xSj&dk;Zdkjh d‚Mj esa dk;Zjr FkÈ A bl o"kZ ds n©jku fofHké {ks=¨a esa efgyk fodkl Áf'k{k.k dk;ZØe¨a ds vk;®tu
ij fo'ks"k :i ls /;ku dsfUær fd;k x;k A o"kZ 2008&09 ds n©jku laLFkk esa O;kolkf;d ;ksX;rk izkIr 10 efgyk
mEehnokjksa dks HkrhZ fd;k x;k A
det®j ox¨Za dk l'kfädj.k
ge LoSfPNd vk/kkj ij vuqlfw pr tkfr;¨a] vuqlfw pr tutkfr;¨a] vkSj vU; fiNM+s ox¨Za ds fy, jkstxkj esa
izkFkfedrk nsrs jgs gS]a ckotwn blds fd lfefr u rks lkoZtfud {ks= dk izfr"Bku gS u gh Hkkjr ljdkj dh laLFkk
gS A 31 ekpZ] 2009 d® lfefr esa vuqlfw pr tkfr ds 650] vuqlfw pr tutkfr ds 66 vkSj vU; fiNM+s ox¨Za ds 761
deZpkjh dk;Zjr Fks A tgka rd laHko gksrk gS lHkh HkrhZ c®M¨Za vFkok foHkkxh; in®éfr lfefr;¨a esa vuqlfw pr
tkfr@vuqlfw pr tutkfr ds Áfrfuf/k;¨a d® lg;®ftr fd;k tkrk gS A lfefr us vuqlfw pr tkfr@vuqlfw pr
tutkfr ds fo|kÆFk;¨a d® ekfld Nk=o`fr Ánku djds mudh lgk;rk djuk tkjh j[kk rkfd os bathfu;Çjx esa
fMxzh d®lZ] pkVsZM ,dkamVsl a h ds fy, vkÆVdyf'ki dh i<+kbZ dj ldsa A blds vykok] lgdkjh f'k{kk dks izkRs lkfgr
djus ds fy, oseuhd‚e] iq.ks ls ihthMhch,e dh i<+kbZ ds fy, vuqlfw pr tkfr@vuqlfw pr tutkfr ds fo|kÆFk;¨a
ds fy, Nk=o`fÙk dh ,d ;®tuk 2002&03 ds f'k{kk l= ls tkjh gS A
tualidZ vkSj Ápkj
lfefr us vkyksP; o"kZ ds nkSjku vius iz;kl] cgq&vk;keh tulaidZ rFkk izpkj uhfr tkjh j[kh rFkk viuh tu
lEidZ xfrfof/k;ksa esa fdlkuksa dh lsokvksa ij /;ku dsfUnzr fd;k rkfd lfefr ,d etcwr dksjiksjVs czkM
a Nfo cuk
lds A viuh ubZ laLFkkvksa ^bQd® fdlku lapkj fyfeVsM^ rFkk ^bQd® fdlku ,lbZtSM fyfeVsM^ ij fo'ks"k cy
fn;k A ifCyd fjys'ku lkslkbVh vkWQ bafM;k tks tulaidZ izSfDV'kulZ dh ,d vxz.kh O;kolkf;d fudk; gS] us
ihvkj,lvkbZ Lo.kZ t;Urh lekjksg ds ,d Hkkx ds :i esa bQdks dks loksZÙke lgdkjh lfefr ds :i esa pquk gS A
66
General Management, Technical, Information Technology, Cooperative Management and Workers
Development were conducted for employees, spread over 980 training days.
During the year an Employee Engagement Survey was conducted with a view to know the
employees perspective, feelings and concerns about their job, work, relationships, HR policies and
many other factors that affect individual productivity and collectively the ability of the organisation
to achieve its objectives.
A new in-house programme entitled ‘General Management for Senior Executives’ was conducted
in two phases. The first module was held at FMDI, Gurgaon, to give exposure on the dynamics of
the organisational environment and how to translate the managerial and leadership challenges
into actionable strategies in the increasing competitive world. The second module was held at
Cooperative League of Thailand (CLT), Thailand, and the Institute for the Development of
Agricultural Cooperation in Asia (IDACA), Japan, which gave exposure on development situation
of cooperatives in the global context.
A series of programmes on Work Ethics and Belongingness were organised for employees of the
Paradeep Unit. The objective was to educate them about cooperatives and integrate them in the
IFFCO Family as Paradeep Unit is a relatively new Unit.
Cooperative Development programmes for the State cooperatives as well as National Cooperative
Federation, Nepal, were also held with a view to streamline the functioning of cooperatives and
strengthening them. In order to provide opportunity to our employees to have first-hand exposure
of the working of cooperatives in Nepal and the sharing of experiences, a collaborative programme
was organised for the Managers of farmers cooperatives of Nepal as well as our officials. A programme
of International Cooperative Alliance-Asia Pacific was hosted, which was attended by participants
from countries like China, Indonesia, Iran, Myanmar, Nepal, Thailand, Vietnam, etc.
In-house programmes for the children of employees like inter-unit quiz contest, career development,
communication skills, managing health, diet plan, yoga and meditation, etc., were also conducted.

WOMEN EMPLOYMENT
Since inception, the Society has been giving equal opportunities to women in employment at all
levels, for example, Engineering, Chartered Accountancy, Medical, HR, Systems, etc. Out of the
total strength of 6757 employees as on 31st March, 2009, we have 177 women employees out of
which 118 are in the Executive cadre and the remaining are in the Non-executive cadre. During the
year, special focus was given to various facets of development of women through training
programmes. During the year 2008-09, 10 professionally qualified women candidates were recruited
in the organisation.

WEAKER SECTIONS EMPOWERMENT

We continue to voluntarily give preference in employment to Scheduled Castes (SCs), Scheduled
Tribes (STs) and other Backward Classes (OBCs) despite the fact that the Society is neither a Public
Sector undertaking nor an Institution of the Government of India. As on 31st March, 2009, the
Society had 650 SC, 66 ST and 761 OBC employees on its rolls. As far as possible, Representatives
of SCs/STs are associated in Recruitment Boards or Departmental Promotion Committees. The Society
had continued its efforts to help SC/ST students by awarding monthly scholarships to pursue degree
courses in Engineering, Articleship for Chartered Accountancy. Moreover, to encourage Cooperative
Education, a Scholarship scheme is in vogue since Academic Session 2002-2003 for SC and ST
students pursuing PGDBM from VAMNICOM, Pune.

PUBLIC RELATIONS AND PUBLICITY

The Society continued its innovative, multi-pronged public relations and publicity strategy during
the year under review and focused its PR activities on its services to farmers in order to create a
strong corporate brand image. Special emphasis was laid on its new siblings such as ‘IFFCO Kisan
Sanchar Limited’ and ‘IFFCO Kisan SEZ Ltd’. Public Relations Society of India, a professional body of

67
 bQdks dks ;g lEeku vxLr] 2008 ds nkSjku ekWfj'kl esa vk;ksftr vUrjkZ"Vªh; egksRlo esa ekWfj'kl ds jk"Vªifr Jh
vfu:) txUukFk us iznku fd;k A
vius mRiknksa rFkk fdlkuksa ds chp viuh lsokvksa dks yksdfiz; cukus ds fy, bldh eYVhehfM;k vk/kkfjr
tulaidZ uhfr ls vc rd ds lokZf/kd 112-58 yk[k Vu moZjdksa dh fcØh dk y{; izkIr djus esa lgk;rk feyh
gS A 'kgjh] v)Z&'kgjh rFkk xzkeh.k {ks=ksa esa rFkk esyksa ,oa ÁnZ'kfu;¨a esa oky isfa Vax] VªDs Vj&Vªkyh isfa Vax] iksLVj]
rduhdh lkfgR;] cl iSuy vkfn O;kid :i ls yxk, x;s A lfefr d® ÇÁV vkSj bySDVª‚fud ehfM;k nksuksa ls
cM+s iSekus ij] O;kid izpkj feyk A
bQdks us igyh ckj vDrwcj] 2008 esa vkbZlh, }kjk fyLcu] iqrx Z ky esa vk;ksftr fctusl ,Dliks esa fgLlk fy;k
rFkk ogka viuk LVkWy yxkdj vius 19 ,lksfl,V~l rFkk lgk;d daifu;ksa lfgr iwjs fo'o esa viuh tksjnkj mifLFkfr
ntZ dh A blh izdkj lfefr us bafM;k baVjus'kuy VªM s Qs;j] ubZ fnYyh esa ,d vkd"kZd LVkWy yxk;k A nksuksa LFkkuksa
ij yxk, x, bu LVkWyksa usa cM+h la[;k esa vkxUrqdksa rFkk fof'k"V O;fDr;ksa dks vkdf"kZr fd;k A
fgUnh dk çxkeh ç;ksx
fdlkuksa dh laLFkk gksus ds ukrs lfefr vius dk;ksZa esa jk"VªHkk"kk fganh ds izxkeh iz;ksx dks lokZf/kd egRo nsrh
gS rFkk vius nSfud dk;kZy;h dkedkt esa fgUnh dk vf/kdkf/kd ç;ksx djus ds fy, LoSfPNd vkSj xgu ç;kl
fd;sA eq[;ky;@foi.ku çHkkx vkSj la;= a ksa esa dk;Zjr vf/kdkfj;ksa dks O;kogkfjd çf'k{k.k çnku djus ds fy, 22
fgUnh@fgUnh dEI;wVj dk;Z'kkykvksa dk vk;kstu fd;k x;k ftuesa dqy 550 vf/kdkfj;ks@ a deZpkfj;ksa dks çf'k{k.k
çnku fd;k x;kA dEI;wVj ij fganh esa dk;Z djus esa ,d:irk ykus ds mn~n's ; ls bQdks us u, cgqHkk"kh lkQ~Vos;j
*v{kj uohu* dh [kjhn dh gS rFkk ;wfudksM QksVa dk bLrseky vkjaHk dj fn;k gS A bl lkQ~Vos;j ls fganh esa bZ&esy
Hkstuk ljy gks tk,xk A
17&18 uoEcj 2008 dks ubZ fnYyh esa 11oka fgUnh lEesyu vk;ksftr fd;k x;k ftlesa bQdks dh lHkh
bdkbZ;ksa ds çfrfuf/k;ksa us Hkkx fy;kA bl lEesyu esa pkj fgUnh lsfo;ksa dks vius&vius {ks= esa jk"VªHkk"kk fgUnh ds
fodkl esa fof'k"V ;ksxnku ds fy, jktHkk"kk@fgUnh lsoh lEeku ls lEekfur fd;k x;kA bQdks deZpkfj;ksa ds cPpksa
ds fy, ^gekjs egkiq:"k^ fo"k; ij f}rh; vf[ky bQdks fganh fDot izfr;ksfxrk dk vafre pj.k 28 ekpZ] 2009 dks
,Q,eMhvkbZ] xqMx + kao esa lEiUu gqvk A vkyksP; o"kZ ds nkSjku laLd`fr o lkekftd fo"k;ksa ij 5 laxksf"B;ka vk;ksftr
dh xbaZ ftuesa lkfgfR;d] lkekftd ,oa vk/;kfRed {ks= + ksa ds fo}kuksa us vius fopkj O;Dr fd;s A
izc/a k funs'kd] MkW- mn;
'kadj voLFkh ,oa mi
izc/a k funs'kd-lg-foi.ku
funs'kd Jh n;kd`".k
HkV~V rFkk eq[; vfrfFk]
ofj"B dFkkdkj Jh vftr
dqekj ls bQdks jktHkk"kk
lEeku xzg.k djrs gq,]
Jh ,e lqczge.;e

68
leading PR practitioners, as a part of PRSI Golden Jubilee Celebration, adjudged IFFCO as the Best
Cooperative Society at its International PR Festival held in Mauritius during August 2008. The President
of Mauritius, Shri Anerood Jugnauth, presented the Award to the Society.
Its multi-media-oriented public relations strategy to popularise its products and services among
the farming community helped in achieving the highest ever sale of over 112.58 lakh tonnes of
fertiliser material. Publicity tools including wall-paintings, tractor-trolley paintings, posters,
technical literature, bus panels and participation in fairs and exhibitions were extensively deployed
in urban, semi-urban and rural areas. The Society received wide publicity both in the electronic
and print media.
For the first time, IFFCO participated in a Business Expo organised by ICA at Lisbon in Portugal in
October 2008 and put up its stall, making its vibrant presence across the globe with its 19 associates
and subsidiaries. Likewise, the Society put up an impressive stall at India International Trade Fair in
New Delhi. Stalls at both the venues attracted a huge number of visitors and important dignitaries.

USE OF HINDI
Being a farmers organisation, the Society gives complete importance for the increased use of
Hindi language in their work and emphasises the progressive use of Hindi in day-to-day official
work. During the year under review, 22 Hindi Computer workshops were organised to impart
practical training to officers and employees to work in Hindi in which 550 officers and employees
participated. To bring uniformity in working in Hindi on the computer, IFFCO has procured a new
software, ‘Akshar Naveen’, and started the use of Unicode font. By this software sending E-mail in
Hindi becomes easier.
The 11th Rajbhasha Sammelan was organised during 17-18 November, 2008, in New Delhi in
which representatives of all Units participated. During this Sammelan four prominent scholars were
honoured with Rajbhasha/Hindi Sevi Samman for their contribution in promoting Hindi in their
respective fields.

Dr. G.N. Saxena,

Director (CD),
IFFCO, explaining
the exhibits at the
ICA Exhibition at
Lisbon, Portugal

69
 lrdZrk
lrZdrk foHkkx us Òz"Vkpkj d® lekIr djus ds fy, ,oa deZpkfj;¨a esa tkx:drk rFkk ldkjkRed okrkoj.k iSnk
djus esa egRoiw.kZ Hkwfedk fuHkkbZ A deZpkfj;kas esa tkx`fr c<+kus vkSj leL;kvksa dk lek/kku djus ds fy, flLVe¨a
vkSj ÁfØ;kvksa esa lq/kkj ds fofHkUu dne mBk, x;s A
bl o"kZ lfefr us iwjs ns'k esa vius dk;kZy;ksa rFkk LFkkiukvksa esa 3&7 uoEcj] 2008 rd ^lrdZrk tkx:drk
lIrkg^ dk vk;®tu fd;k rFkk vius dkji®jsV dk;kZy; esa ;g vk;kstu 5&11 uoEcj] 2008 rd fd;k x;k A xr
dbZ lkyksa ls ge LoSfPNd :i ls ^lrdZrk tkx:drk lIrkg^ dk vk;®tu dj jgs gSa A blds varxZr lfefr ds
lkFk izR;{k vFkok vizR;{k :i ls dkjksckj djus okys lHkh O;fDr;ksa esa lokZx a h.k tkx:drk ij cy fn;k tkrk gS A
dkjiksjVs dk;kZy; esa 5 uoEcj] 2008 dks vkfMVksfj;e esa MkW- mn; 'kadj voLFkh }kjk 'kiFk fnykbZ xbZ A bl nkSjku
lHkh bdkbZ;ksa rFkk foi.ku dk;kZy;ks]a eaMy] jkT; rFkk {ks=h; dk;kZy;ksa esa deZpkfj;ksa rFkk muds cPpksa ds fy, fDot]
fMcsV] iksLVj] MªkbZx
a tSlh fofHkUu izfr;ksfxrk,a rFkk lsfeukj o O;k[;ku vkfn dk vk;kstu fd;k x;k A flLVe esa
ikjnf'kZrk ykus rFkk lkFkZd QhMcSd ds fy, bZ&izkDs ;ksjesVa ij fo'ks"k cy fn;k x;kA Ø;&izfØ;k] vkS|®fxd lac/a k rFkk
vf/kdkfj;ksa dks iznRr vf/kdkjksa ij ,d lsfeukj dk Hkh vk;kstu fd;k x;k A
vkS|®fxd lqj{kk
vkidh lfefr us vkS|®fxd lqj{kk d® mPp ÁkFkfedrk nsrs gq, lqj{kk ds Áfr tkx:drk d® c<+kok nsus ds fy,
lHkh lEc) O;fä;¨a d® fujarj f'k{k.k vkSj Áf'k{k.k Ánku fd;k gS A
vkS|®fxd laca/k
funs'kd eaMy] lHkh Lrj ds deZpkfj;¨a }kjk moZjd¨a ds mRiknu] Ás"k.k vkSj foi.ku ds {ks= esa mPp Lrj cuk,
j[kus rFkk fuckZ/k dk;Zfu"iknu ds fy, mudh vR;ar ljkguk djrk gS A bl o"kZ ds n©jku lfefr esa vkS|®fxd
lac/a k vR;ar l©gkæZi.w kZ cus jgs ftlds ifj.kkeLo:i Je'kfä dk csgrj mi;®x gqvk v©j lfefr dk lrr fodkl
laHko g® ldk A ;g xoZ dh ckr gS fd ekStnw k deZpkfj;ksa ds lg;ksx ls pkyw o"kZ esa mRikndrk esa o`f) gqbZ gS rFkk
o"kZ 2007&08 esa la;=a Lrj ij 1354 Vu Áfr deZpkjh ls c<+dj pkyw o"kZ esa ;g Áfr deZpkjh 1376 Vu gks xbZ A

dk;Z uSfrdrk ,oa dk;Z

laLÑfr dk;Z'kkyk esa
deZpkfj;ksa dks lEcksf/kr
djrs gq, bQdks
,Eiykbt ;wfu;u ds
v?;{k Jh fuHkZ; dqekj
Hkkj}kt A lkFk esa gS Jh
ih ,l fl/kq] la;qDr
egkizcU/kd ¼foi½

70
 The final round of Hindi Quiz competition for the children of employees was organised on 28th
March, 2009, at FMDI, Gurgaon. The theme for the quiz was ‘Our Great Indian Leaders’. During the
year, five seminars were organised in which various social and cultural topics were discussed by
eminent writers, social activists and spiritual leaders.

VIGILANCE
The Vigilance Department continues to play a significant role in creating a positive environment
and awareness among the employees to weed out corruption. Various steps were adopted to raise
awareness among employees for taking the initiative for the improvement of the systems and
procedures for the redressal of grievances.
The Vigilance Awareness Week was organised from 3-7 November, 2008, in offices and
establishments all over India except the Corporate Office where it was observed from 5th to 11th
November, 2008. We have been observing the Vigilance Awareness Week voluntarily for the past
few years. Emphasis is given on all-round awareness among all those directly or indirectly doing
business with the Society. At the Corporate Office, the pledge was administered on 5-7 November,
2008, in the auditorium by Dr. U. S. Awasthi, Managing Director. Various competitions such as
quiz, debate, poster drawing, along with seminar, lectures, etc., were organised in Plants and Marketing
Offices including Zonal, State and Area Offices for the employees and their children. Special emphasis
was laid on e-procurement for meaningful feedback and to bring transparency in the system. A
Seminar on Purchase Procedure, Industrial Relation and Power of Officers was also held.
INDUSTRIAL SAFETY
Your Society continues to accord the highest priority to industrial safety. Training and education is
continuously imparted to all concerned to create and enhance safety awareness.
INDUSTRIAL RELATIONS
The Directors wish to place on record their appreciation for the contribution made by the
employees at all levels in ensuring uninterrupted high level of performance in production, despatch
and marketing of fertilisers. During the year, industrial relations as a whole remained extremely
cordial and harmonious, which resulted in the sustained growth of the Society. It is a matter of pride
that with the help of existing manpower, in addition to the increase of productivity of 1376 MT in the

Dr. U. S. Awasthi,
MD administring
Vigilance Oath to
Employees. Shri D.K.
Bhatt, Dy. MD cum
Marketing Director,
Shri Rakesh Kapur, Dy.
MD and Shri J. N. Sahu,
Chief Vigilance Officer,
are also seen

71
 tgka rd foi.ku dk lac/a k gS fcØh ds :i esa Áfr deZpkjh mRikndrk 7397 Vu jgh tcfd xr o"kZ 2007&08 esa
;g 6158 Vu Áfr deZpkjh Fkh A blds lkFk&lkFk ge fofHkUu la;qDr m|eksa rFkk lgk;d daifu;ksa dks cukus vkSj
mudk dke 'kq: djus esa lQy jgs A
vkHkkj
vkidk funs'kd eaMy vky®P; o"kZ ds n©jku lHkh ox¨Za ds deZpkfj;¨a }kjk fd, x, lrr vkSj leÆir Á;kl¨a
ds fy, mudh ljkguk djrk gS A deZpkfj;®a ds bu Á;kl¨a ,oa dfBu ifjJe ds fcuk lfefr bu 'kkunkj ifj.kke¨a
,oa miyfC/k;¨a d® gkfly ugÈ dj ikrh A
vkids funs'kd] Hkkjr ljdkj fo'ks"k :i ls moZjd foHkkx] Ñf"k vkSj lgdkfjrk ea=ky;] foÙk ea=ky; rFkk
;®tuk vk;®x ds Áfr Hkh vkHkkj O;ä djrs gSa ftuls gesa fujarj vkSj Hkjiwj ekxZn'kZu vkSj leFkZu feyk A
funs'kd eaMy] foÙkh; laLFkkvksa ,oa okf.kfT;d cSd
a ¨a d® Hkh /kU;okn Kkfir djrk gS fd mUg¨aus gesa lg;®x
Ánku fd;k vkSj gekjs izfr viuk fo’okl cuk, j[kk A lfefr vius miHkksäkvks]a fo'ks"k :i ls jk"Vªh; vkSj 'kh"kZLFk
Lrj dh lgdkjh laLFkkvksa rFkk foi.ku egklaĨa d® /kU;okn Kkfir djrh gS vkSj vk'kk djrh gS fd Hkfo"; esa Hkh
os blh Ádkj viuk lg;®x o leFkZu Ánku djrs jgsx a sA
funs'kd eaMy] flusxy ljdkj] t®MZu ljdkj] v¨eku ljdkj] mRrj izn's k ljdkj] xqtjkr ljdkj] mM+hlk
ljdkj] NÙkhlx<+ 'kklu] vkU/kz izn's k ljdkj] dtkfdLrku ljdkj] v¨eku vkW;y daiuh] Vksfd;ks esfju ,f'k;k
izk0 fy0] yhtSM a baVjus'kuy gksfYMaXl] t®MZu QkLQsV ekbÇux daiuh] Hkkjrh ,;jVsy fyfeVsM] vkfpZu xzqi] LVkj
Xykscy fjlkslZ vkSj Ýh Iys ,uthZ bafM;k izkbosV fyfeVsM dk bQdks dh la;qDr m|e ifj;kstukvksa esa Hkkxhnkjh
djus vkSj lg;ksx iznku djus ds fy, vkHkkj O;Dr djrk gS A
lkFk gh] vkids funs'kd] lnL; lgdkjh lfefr;¨a@lgdkjh ca/kqvksa ds Áfr viuk vkHkkj O;ä djrs gSa fd
mUg¨aus lfefr ds Áca/ku esa viuk vVwV fo’okl cuk, j[kk A
var es]a funs'kd eaMy vkid® fo’okl fnykrk gS fd og dk;Zdq'kyrk esa lq/kkj ykus] ykHkns;rk vkSj dk;Zpkyu
ykHk d® c<+kus ds fy, lnSo Á;Ru'khy jgsxk A funs'kd eaMy vkid® vk’oklu nsuk pkgrk gS fd vkidh lfefr
lgdkjh vkan®yu ds lexz fodkl vkSj lfefr dh cgqeq[kh Áxfr ds y{; d® ÁkIr djus vkSj vkxkeh o"k¨Za esa lHkh
lEc) {ks=¨a esa vkSj u;s dhÆreku LFkkfir djus ds fy, Áfrc) gS A fiNys dqN o"k¨Za ds n©jku t® dne mBk, x,
gSa os lfefr ds lHkh 'ks;j/kkfj;¨a vkSj lgdkjh dk;ZdÙkkZvksa esa varHkZrw ewY;¨a esa o`f) djus esa lgk;d g¨axs A

funs'kd eaMy ds fy, vkSj mudh v¨j ls

¼lqjsUæ dqekj tk[kM+½+

fnukad% 25 vizSy] 2009 v/;{k

72
current year as compared to 1354 MT per head in 2007-08 at plant level and sale of fertiliser of 7397
MT per head in the current year as compared to 6158 MT per head in the year 2007-08, we are able
to start executing various Joint Ventures and Subsidiaries.

ACKNOWLEDGEMENTS
The Board of Directors wish to place on record their deep appreciation of the excellent services
rendered by the employees of the Society but for whose unrelenting efforts and hard work, the
remarkable results and achievements of your Society would not have been possible.
Your Directors also wish to acknowledge with gratitude the constant support and guidance
extended by the Government of India and in particular the Department of Fertilizers, Ministry of
Agriculture and Cooperation, Ministry of Finance and the Planning Commission.
The Board also acknowledges with gratitude the support and confidence extended by the Financial
Institutions as well as the Commercial Banks, the Society’s valued customers, in particular the National
and Apex level Cooperative Institutions and Marketing Federations, and looks forward to their
continued support in the future.
Your Directors will also like to place on record their appreciation for the support from the
Government of Senegal, Government of Jordan, Government of Oman, Government of Uttar Pradesh,
Government of Gujarat, Government of Orissa, Government of Chhattisgarh, Government of Andhra
Pradesh, Government of Kazakhstan, Oman Oil Company, Tokio Marine Asia Pte. Ltd., Legend
International Holdings, Jordan Phosphates Mining Company , Bharti Airtel Limited, Archean Group,
Star Global Resources and Freeplay Energy India Private Ltd., for their support and participation in
the Joint Venture Projects of IFFCO.
Your Directors express their deep appreciation to the Member Shareholders/Cooperators who
have continued to repose their faith and trust in the management of the Society.
Finally, the Board of Directors would like to assure you that your Society continuously strives
towards improving efficiencies, profitability and operating margins. It is committed towards the overall
development of the cooperative movement and would continue its efforts to achieve all-round
progress and establish new records in the coming years. The initiatives taken over the last few years
should lead to an enhancement of its intrinsic value to all the Member Shareholders and Cooperators
in the Society.

For and on behalf of the Board of Directors

Dated: 25th April, 2009

(Surinder Kumar Jakhar)
Chairman

73
 Above: Shri Sushil Kumar Shinde, Union Minister for Power, GOI presenting National
Energy Conservation Award-2008 to Shri Ajay Misra, Sr. General Manager, Kalol.
Below: Shri Atul Chaturvedi, Secretary (Fertilizers), Government of India, presenting FAI’s
Award for Best Overall Production Performance for the Phulpur Unit to Shri Surjit Singh,
Sr. General Manager, Phulpur. Shri V. K. Bali, Director (Tech.) is also seen.

74
The Awards
G Prestigious Economic Times, Acer and Intel Smart Workplace Award in the
Manufacturing and Industrial Segment.
G “Best Content Service” as well as the “Best Project Management” in respect of IFFCO
Kisan Sanchar Limited (IKSL) at the World Communications Award held at London.
G Institute of Chartered Accountants of India (ICAI) Award for Excellence in Financial
Reporting for IFFCO’s Annual Report and Accounts for the year 2007-08.
G Best Cooperative Society Award from Public Relations Society of India (PRSI) at its
Golden Jubilee Ceremony in Mauritius.
KALOL UNIT
G “National Energy Conservation Award-2008” (2nd Prize) from Ministry of Power,

Government of India.
G “National Safety Award–2006” from DGFASLI and Union Ministry of
Labour and Employment.
G Selected as a joint winner under category of Lowest Average Frequency Rate
of accident.
G Suraksha Puraskar (Bronze Trophy and Certificate) from National Safety Council for

the year 2007.

G Gujarat State Safety Award 2007 for lowest Disability Injury Index (DII) in the
category of Chemicals, Fertilisers and Distilleries for the fourth consecutive year.
PHULPUR UNIT
G “Water Efficient Unit” award from Confederation of Indian Industry for Excellence in
Water Management.
G First Prize for “National Energy Conservation Award-2008” in Fertiliser Sector
instituted by Bureau of Energy Efficiency, Ministry of Power, Government
of India.
G First Prize for Best Production Performance in Nitrogenous Fertilisers Sector from FAI.
AONLA UNIT
G ‘Golden Peacock Environment Management Award–+2008’ during Convention on
Climate Change by World Environment Foundation.
G “National Award for Excellence in Energy Management-2008” from Confederation of
Indian Industry (CII) as “Energy Efficient Unit”.
G “National Award for Excellence in Energy Management-2008” from Confederation of
Indian Industry (CII) as “Innovative Project”.
G “Best Technical Innovation Award” for Technical Innovation actually implemented in
the field of production technology in fertiliser industry from FAI, New Delhi.
G “National Safety Award” from DGFASLI and Union Ministry of Labour and
Employment. First prize for Accident Free year-2006 and Runner-up for Lowest
Average Accident Frequency Rate of consecutive three years 2004, 2005 and 2006.
KANDLA UNIT
G “Sun and NDTV Green IT Award” under category of Technology for a Greener
Workplace (1st Prize).

75
 dkjiksjVs xous±l Corporate Governance
1- dkji®jsV xousZal ds ÁfRk n`f"Vd®.k 1. Philosophy on Code of Corporate Governance
bQd®] loZJs"B dkjiksjsV xous±l ds ekunaMksa laca/kh fl}kUrksa ds lao/kZu vkSj IFFCO is committed towards promoting and strengthening the
mUgsa etcwrh iznku djus ds fy, lnSo izfrc) jgh gSA blds fy, lfefr principles of sound Corporate Governance norms by adherence to
us dkjiksjsV xous±l laca/kh ikjnf'kZrk] fo'okl vkSj fu"Bk] dk;Zfu"iknu the highest standards of transparency, trust and integrity, performance
ewydrk] tokcnsgh rFkk nkf;Ro] lkekftd nkf;Ro] uSfrd dkjksckjh orientation, responsibility and accountability, social responsiveness,
i)fr;ksa rFkk laxBu ds fy, izfrc)rk tSls mPp ekunaMksa dks viuk;k ethical business practices and commitment to the organization as a
gSA LVSdgksYMjksa dh lrr le`f) ds fy, vkRevuq'kklh n'kZu bQdks dk self discipline code for sustainable enrichment of stakeholders value.
ewy ea= gSA bQdks us vius Rkeke O;kikfjd dk;Zdykiksa esa lgdkjh fl)kURkksa IFFCO has infused the philosophy of Corporate Governance into all
dk vuqlj.k djR® gq, dkji®jsV xous±l ds n'kZu d® viuk;k gSA mRÑ"VRkk] its business practices in line with Cooperative Principles. Corporate
fodkl v©j ewY; l`Tku ds {®= esa dkji®jsV xous±l bQd® dh dk;Z iz.kkyh Governance has become integral part of IFFCO in its pursuit of
dk ,d vfHké vax cu x;k gSA bQd® dk fujURkj ;g Á;kl jgRkk gS fd excellence, growth and value creation. It continuously endeavors to
lalk/kuksa dk csgRkj bLR®eky djds voljksa d® okLRkfodRkkvksa esa cnyk Tkk,A leverage resources to translate opportunities into reality.
dkjiksjsV xous±l ds eq[; ?kVdksa ;Fkk ikjnf'kZrk] vkarfjd fu;a=.k vkSj IFFCO has set up adequate review processes in respect of key
tksf[ke izca/ku dh leh{kk djus ds fy, lfefr us izfØ;k,a ykxw dh gqbZ elements of Corporate Governance namely, transparency, internal
gSaA blds vykok] lfefRk viuh vkaRkfjd uhfRk;ksa vkSj flLVeksa d® ,slk controls and risk management. Further, IFFCO is constantly
:i nsus ds fy, fujURkj Á;kljRk jgRkh gS Rkkfd os varjkZ"Vªh; Lrj ij endeavoring to benchmark its internal policies and systems to
moZjd m|®x ds loZJs"B flLVeksa ls eSp dj ldsaA lfefr dh uhfr;ka match with the best internationally in the Industry. The Society's
vkSj dk;Z i)fr;ka u dsoy lkafof/kd vis{kkvksa dks iwjk djrs gSa cfYd Policies and Practices are not only consistent with the statutory
;g Hkh n'kkZrs gSa fd lfefr vius lHkh LVSd gksYMjksa ds loksZPp fgr ds requirements but also underline its commitment in the best interest
izfr iw.kZr;k izfrc) gSA of stakeholders.
2- dkji®jsV xous±l ds laca/k esa jsÇVx 2. Rating on Corporate Governance
fØfly us bQd® d® xous±l v©j oSY;w fØ,'ku ¼Tkhohlh½ ds fy, dkji®jsV CRISIL assigned Governance and Value Creation (GVC) Rating at
xous±l ^^Tkhohlh ysoy 2^^ dh jsÇVx nh gSA ^^bl jsÇVx dk vfHkÁk; ;g "GVC Level 2" to IFFCO on Corporate Governance. This rating
gS fd bQd® esa vius lHkh LVSdg®YMjksa ds fy, lEifRr ds l`Tku ds indicates IFFCO's capability with respect to wealth creation for all
lacaèk esa RkFkk lqn`<+ dkji®jsV xous±l dh i)fRk;ksa d® viukus dh mPp its stakeholders, while adopting sound corporate governance
{keRkk gSA bl jsÇVx dk vfHkÁk; ;g Hkh gS fd vius lHkh LVSdg®YMjksa practices, is high. The rating reflects IFFCO's strong and balanced
ds fy, ewY; l`Tku] bldh lqn`<+ Áca/kdh; i)fRk;ksa v©j i;kZIRk dkji®jsV track record in creating value for all its stakeholders, its sound
xous±l i)fRk;ksa ds ekeys esa bQd® dk ,d lqn`<+ v©j laRkqfyRk VªSd fjdkMZ management practices and adequate corporate governance
gSA ;g Hkh lR; gS fd bQd® ,d lgdkjh laxBu gS fTklds fy, dqN practices. This is considering the fact that IFFCO's Cooperative
loZJs"B i)fRk;ksa d® viukuk dkuwuh :i ls vfuok;Z ugÈ gS ijURkq ;g Organisation Structure does not mandate some of the best practices
LosPNk ls bu i)fRk;ksa d® viukRkh gSA bQd® us vfRk dq'ky dkji®jsV that it has voluntarily adopted. IFFCO has displayed corporate
Rka= dk Án'kZu fd;k gS v©j lkFk gh ÁfRkLi/kkZRed ekg©y esa viuk opZLo acumen and has had the wherewithal to survive the rigors of a
cuk, j[kR® gq, ckTkkj d® usRk`Ro Ánku fd;k gSA ;gh dkj.k gS fd bQd® competitive landscape and emerge as a market leader. This makes
dh dkji®jsV dk;ZÁ.kkyh lgdkfjRkk dh Hkkouk ls v®Rk&Á®Rk gSA it a rare blend of a Corporate functioning with a Cooperative Spirit.
3- funs'kd eaMy 3. Board Of Directors
d½ funs'kd eaMy dk vkdkj v©j bldk xBu a) Size and Composition of Board
funs'kd eaMy dk xBu cgqjkT; lgdkjh l®lk;Vht+ vf/kfu;e] The composition of the Board of Directors is governed by
2002 v©j lfefRk ds mifu;eksa ds vuqlkj fd;k TkkRkk gSA mifu;eksa Multi-State Cooperative Societies Act, 2002 and Bye-laws of
ds vuqlkj lfefRk ds funs'kd eaMy esa 30 funs'kd gSa fTkuesa ls the Society. As per the Bye-laws, the Society's Board of
10 funs'kd foi.ku egkla?kksa ds ukferh funs'kd] 11 fuokZfpRk Directors consists of 30 Directors, which includes 10 nominees
ÁfRkfuf/k] 2 lg;®fTkRk funs'kd v©j 7 QaD'kuy funs'kd gSaA lHkh from Marketing Federations, 11 elected representatives, 2 Co-
funs'kdksa us vius O;kid vuqHko vkSj dkS'ky ls funs'kd eaMy dks opted nominees and 7 Functional Directors. The Directors
ykHkkafor fd;k gSA bring to the Board wide range of experience and skills.
[k½ funs'kd eaMy dh cSBdsa v©j ÁfØ;k,a b) Board Meetings and Procedures
bQdks us funs'kd eaMy v©j mldh lfefRk;ksa dh cSBdksa ds fy, IFFCO has defined procedures in its Bye-laws for meetings of
vius mifu;eksa esa ,d lqikfjHkkf"kRk ÁfØ;k fu/kkZfjRk dh gqbZ gSA the Board of Directors and its Committees. The meetings of the
funs'kd eaMy dh cSBdsa v/;{k eg®n; }kjk fy;s x;s fu.kZ; ds Board of Directors are convened at the instance of the Chairman
vuqlkj leqfpRk u®fVl nsus ij cqykbZ TkkRkh gSaA dk;Zlwph fVIif.k;k]a by giving appropriate notice. Agenda papers, containing all
lHkh vko';d lwpukvksa ds lkFk funs'kd eaMy ds lnL;ksa dks i;kZIr necessary information are made available to the Board well in
le; jgrs miyC/k djk fn, tkrs gSa rkfd lnL; vius nkf;Roksa advance to enable the Board Members to discharge their
dks izHkkoh <+ax ls fu"ikfnr dj ldsa vkSj cSBdksa esa rF;ksa ij vkèkkfjr responsibilities effectively and for facilitating meaningful,
egRoiw.kZ fu.kZ; fy, tk ldsaA funs'kd eaMy dh cSBdksa esa Áca/k informed and focused discussions and decisions at the Meetings.
funs'kd }kjk lfefRk ds lexz dk;Zfu"iknu ds ckjs esa lnL;ksa d® The Board is kept appraised of the overall performance of the
76 voxRk djk;k TkkRkk gSA Society by the Managing Director at the Board Meetings.
 funs'kd eaMy ds ikl os lHkh vf/kdkj gSa Tk® mifu;eksa ds vaRkxZRk The Board of Directors have all such powers under the Bye-
vko';d le>s x;s gSa vFkok cgqjkT; lgdkjh l®lk;Vht+ laws as are considered necessary or expedient for the
vfèkfu;e@fu;eksa ds vaRkxZRk vius dk;ks± d® R®Tkh ls iwjk djus ds purpose of carrying out its functions under the Multi-State
fy, vko';d gSaA Cooperative Societies Act/ Rules.
foRr o"kZ 2008&09 ds n©jku funs'kd eaMy dh 12 cSBdsa gqb± v©j Twelve Board Meetings were held during the financial year
bl vof/k ds n©jku 2 cSBdksa esa vf/kdRke vURkjky 46 fnu jgkA 2008-09 and maximum interval between two meetings during
bu lHkh cSBdksa esa mifLFkfRk dkQh vPNh jghA funs'kd eaMy dh this period was 46 days. All the meetings were well attended.
cSBdsa vkerkSj ij lfefr ds iathÑr dk;kZy; bQdks lnu] lkdsr The meetings of the Board are generally held at the Registered
Iysl] ubZ fnYyh esa gksrh gSaA Office of the Society at IFFCO Sadan, Saket Place, New Delhi.
x½ funs'kd eaMy dh lfefRk;ka c) Board Committees
funs'kd eaMy dh lfefRk;ka fuEufyf[kRk gSa % The Board has the following Committees:
¼i½ dk;Zdkfj.kh lfefRk (i) Executive Committee
¼ii½ ifj;®Tkuk mi&lfefRk (ii) Project Sub-committee
¼iii½ foi.ku mi&lfefRk (iii) Marketing Sub-committee
¼iv½ ys[kkijh{kk lfefRk (iv) Audit Committee
¼i½ dk;Zdkfj.kh lfefRk (i) Executive Committee
dk;Zdkfj.kh lfefRk] lfefRk dh fofHké LFkkiukvksa@ifj;®Tkukvksa The Executive Committee is responsible for the efficient
ds dq'ky Áca/ku ds fy, mRrjnk;h gS ijURkq bl ij funs'kd management of the Society's various establishments/
eaMy dk lexz fu;U=.k v©j Ákf/kdkj jgRkk gSA 31 ekpZ] 2009 projects subject to overall control and authority of the
d® dk;Zdkfj.kh lfefRk esa 10 funs'kd F® fTkuesa v/;{k] mikè;{k Board of Directors. As on 31st March, 2009, the Executive
v©j 4 QaD'kuy funs'kd 'kkfey F®A foRr o"kZ 2008&09 ds Committee comprised of Ten Directors including Chairman,
n©jku dk;Zdkfj.kh lfefRk dh 10 cSBdsa gqb±A lHkh cSBdksa esa Vice Chairman and four Functional Directors. Ten meetings
mifLFkfRk dkQh vPNh jghA of Executive Committee were held during the financial
year 2008-09. All the meetings were well attended.
¼ii½ ifj;®Tkuk mi&lfefRk (ii) Project Sub-committee
ifj;®Tkuk mi&lfefRk] lfefRk }kjk vey esa ykbZ Tkk jgh The Project Sub-committee is responsible for efficient
ifj;®Tkukvksa ds dq'ky Áca/ku ds fy, mRrjnk;h gS v©j blds management of Projects undertaken by the Society and
dk;Z{®= esa ifj;®Tkukvksa dh lexz ÁxfRk] ifj;®Tkukvksa dh the scope is to review the overall progress of the projects,
laxBukRed lajpukvksa v©j LVkÇQx RkFkk ifj;®Tkukvksa ls organization structures and staffing and various contracts
lacafèkRk fofHké Bsdksa dh leh{kk djuk gSA 31 ekpZ] 2009 related to projects. As on 31st March, 2009, the Project
d® bl ifj;®Tkuk mi&lfefRk esa 10 funs'kd F® fTkuesa v/ Sub-committee comprised of Ten Directors including
;{k] mikè;{k] Áca/k funs'kd v©j mi izca/k funs'kd 'kkfey Chairman, Vice Chairman, Managing Director and Deputy
F®A Managing Director.
¼iii½ foi.ku mi&lfefRk (iii) Marketing Sub-committee
foi.ku mi&lfefRk] lfefRk ds foi.ku dk;ksaZ ds dq'ky Ácaèku The Marketing Sub-committee is responsible for the
ds fy, mRrjnk;h gS] fTklesa lexz foi.ku uhfRk R©;kj djuk] efficient management of marketing operations of the
foRkj.k j.kuhfRk RkFkk moZjdksa RkFkk Ñf"k vknkuksa dh fcØh ds Society, which mainly include formulating the overall
fy, ewY; uhfRk R©;kj djuk 'kkfey gSA marketing policy, distribution strategy and pricing policy
for sale of fertilizers and agricultural inputs.
31 ekpZ] 2009 d® foi.ku mi&lfefRk esa v/;{k] mik/;{k v©j As on 31st March, 2009, the Marketing Sub-committee
3 QaD'kuy funs'kd®a lfgRk dqy 19 funs'kd F®sA bl o"kZ ds consisted of Nineteen Directors including Chairman, Vice
n©jku foi.ku mi&lfefRk dh 4 cSBdsa gqb±A bu lHkh cSBdksa Chairman and three Functional Directors. Four meetings
esa mifLFkfRk dkQh vPNh jghA of the Marketing Sub-committee were held during the
year. All the meetings were well attended.
¼iv½ ys[kkijh{kk lfefRk (iv) Audit Committee
ys[kkijh{kk lfefRk esa v/;{k] mik/;{k] 3 ukWu&vkWfQf'k;y The Audit Committee comprises of Chairman, Vice
funs'kd] Áca/k funs'kd v©j mi izca/k funs'kd lnL; gSaA Chairman, three non-official Directors, Managing Director
ys[kkijh{kk lfefRk ds dk;Z{®= esa vU; dk;ks± ds vykok and Deputy Managing Director. The terms of reference
fuEufyf[kRk Hkh 'kkfey gSa % of Audit Committee inter-alia include the following:
& lfefRk dh foRrh; fji®fV±x dh ÁfØ;k v©j foRrh; – Overseeing the Society's financial reporting process
lwpukvksa ds lgh i;kZIRk v©j foÜoluh; ÁdVu d® and ensuring correct, adequate and credible disclosure
lqfuf'pRk djukA of financial information.
& okf"kZd foRrh; fooj.kksa d® funs'kd eaMy ds le{k ÁLRkqRk – Reviewing with management the annual financial
djus ls igys ys[kkadu uhfRk;ksa RkFkk ÁfØ;kvksa o ys[kkadu statements before submission to the Board with
ekudksa ds vuqikyu ij fo'®"k /;ku nsR® gq, Áca/ku ds lkFk special emphasis on accounting policies and practices
bldh leh{kk djukA and compliance with accounting standards. 77
 & vkaRkfjd fu;a=.k flLVeksa dh leh{kk v©j vkaRkfjd – Reviewing the adequacy of internal control systems
ys[kkijh{kk foHkkx dh lajpuk dh leh{kk djukA and the structure of internal audit department.
bl o"kZ ds n©jku ys[kkijh{kk lfefRk dh 4 cSBdsa gqb±A ys[kkijh{kk Four meetings of Audit Committee were held during the year.
lfefRk ds lnL;ksa ds vykok vkaRkfjd ys[kkijh{kk foHkkx ds Áeq[k Besides the members of Audit Committee, the Head of Internal
Hkh fo'®"k vkeaf=Rkh ds :i esa ys[kkijh{kk lfefRk dh lHkh cSBdksa Audit is a special invitee to all the meetings of Audit Committee.
esa Hkkx ysR® gSaA lfefRk ds lkafof/kd ys[kkijh{kd Hkh ys[kkijh{kk The Statutory Auditors of the Society are also special invitees to
lfefRk dh cSBd esa fo'®"k vkeaf=Rkh ds :i esa Rkc Hkkx ysR® gSa Tkc the Audit Committee Meeting, wherein they participate on
lfefRk ds okf"kZd foRrh; fooj.kksa dh leh{kk ls lacaf/kRk fdlh ppkZ discussion related to the review of annual financial statements of
esa Hkkx ysuk g®Rkk gSa vFkok lkafof/kd ys[kkijh{kdksa dh jk; esa fdlh the Society and any other matter that in the opinion of the Statutory
ekeys dh lwpuk lfefRk ds /;ku esa ykus dh vko';dRkk g®Rkh gSA Auditors needs to be brought to the notice of the Committee.
4- vkpkj lafgRkk 4. Code of Conduct
cgqjkT; lgdkjh l®lk;Vht vf/kfu;e] 2002 v©j bQd® mi&fu;eksa As provided under Multi-State Cooperative Societies Act, 2002 and
ds Áko/kkuksa ds vaRkxZRk vke lHkk dks ,sls deZpkfj;ksa dh lwph dh leh{kk IFFCO Bye-laws, the General Body is to review the list of employees
djuh gksRkh gS Tk® eq[; dk;Zdkjh vf/kdkjh lfgRk funs'kd eaMy ds lnL;ksa who are relatives of the Members of the Board including Chief
ds laca/kh gSa RkFkk vkelHkk dks funs'kd eaMy ds lnL;ksa v©j vf/kdkfj;ksa Executive and formulate the "Code of Conduct" for the Members of
ds fy, ^^vkpkj lafgRkk^^ R©;kj djuh gksrh gS Rkn~uqlkj] lfefRk ds ikl the Board and Officers. Accordingly, the Society has a well defined
vius y{;ksa vkSj fe'kuksa dks izkIr djus ds fy, blds fotu rFkk ewY;ksa "Code of Conduct" for its Board of Directors in alignment with
ds vuqlkj lfefr ds ekeyksa esa izHkko'kkyh rFkk ikjn'khZ izkslsl fodflr Society's vision and values to achieve the mission and objectives
djus dh n`f"V ls funs'kd eaMy ds lnL;ksa ds fy, ,d lqikfjHkkf"kRk and aims at enhancing ethical and transparent process in managing
^^vkpkj lafgRkk^^ gSA blds vykok] ^^laca/kh^^ dh ?k®"k.kk djus dk Hkh ,d the affairs of the Society. Also the system for declaration of
flLVe gSA ;s ekunaM QaD'kuy funs'kdksa lfgRk funs'kd eaMy ds lHkh "relative" is in place. These norms are strictly applicable to the
lnL;ksa ij iwjh Rkjg ls ykxw g®R® gSaA Members of the Board including Functional Directors.
5- '®;j/kkfj;ksa ds LokfeRo ds vf/kdkj 5. Ownership Rights of Shareholders
bQd® dh '®;j/kkfjRkk dk vk/kkj O;kid gS fTklesa 39824 ls vf/kd IFFCO has a diversified shareholder base comprising of 39,824
lgdkjh lfefRk;ka v©j 25 ls vf/kd foi.ku egkla?k 'kkfey gSaA 31 Cooperative Societies and over 25 Marketing Federations. As on
ekpZ] 2009 d® lfefRk dh lEiw.kZ iznRr '®;jiwaTkh ns'kHkj esa QSyh bu March 31, 2009, entire Paid-up equity of the Society was held by
lgdkjh lfefr;[email protected] egkla?kksa ds ikl FkhA bQd® us vius these Cooperative Societies/Marketing Federations spread all
'®;jèkkfj;ksa ds fy, ewY; l`Tku ds mPp LRkj®a d® gkfly fd;k over the country. IFFCO has achieved a healthy level of value
gSA creation for its Shareholders.
'®;j/kkfj;ksa ds vf/kdkjksa dk foLRk`Rk fooj.k bQd® mi&fu;eksa esa fn;k Shareholders' rights have been well articulated in IFFCO's Bye-laws.
x;k gSA lfefRk vius '®;j/kkfj;ksa d® i;kZIRk vk/kkj ij v©j le; ls The Society provides adequate and timely information to its shareholders
lwpuk nsRkh gS Rkkfd os vkelHkk dh cSBdksa esa Hkkx ys ldsaA vkelHkk to enable them to participate in meetings of the General Body. Notice
ds lHkh izfrfuf/k lnL;ksa dks O;fDrxr :i ls de ls de 14 fnu iwoZ of at least fourteen days is sent individually to all the representatives
okf"kZd fji®VZ ds lkFk lwpuk HksTk nh TkkRkh gSA dk;Zlwph enksa d® vkeRk©j of General Body Members along with the Annual Report. Agenda items
ij /ofueRk ls Lohdkj fd;k TkkRkk gSA ÁfRko"kZ] ubZ fnYyh esa ,d ckj are normally accepted by voice vote. Shareholders and Investors
g®us okyh okf"kZd vke cSBd esa '®;j/kkfj;ksa v©j fuos'kdksa dh f'kdk;Rkksa grievances are adequately addressed at the Annual General Meeting,
dk lek/kku fd;k TkkRkk gSA which is held once in every year at New Delhi.
31-3-2009 dks lfefr dh 'ks;jiwath 426-28 djksM+ #i;s Fkh ¼xr o"kZ tCr The Share Capital of the Society was Rs.426.28 crore (with
iwath lfgr½ vkSj '®;j/kkfjRkk dk fooj.k fuEu Ádkj Fkk % forfeited capital as last year) as on March 31, 2009 and the
distribution of shareholding was as under:
'ks;jksa dk ewY; 'ks;j /kkjdksa dh la[;k vkoafVr 'ks;jksa dh la[;k Value of Shares No. of Shareholders No. of Shares held
1]000 37]048 3]46]156 1,000 37,048 3,46,156
10]000 2]543 39]648 10,000 2,543 39,648
1]00]000 233 35]264 1,00,000 233 35,264
;ksx 39]824 4]21]068 Total 39,824 4,21,068

6- lapkj ds lk/ku 6. Means of Communication

dkjiksjsV foRrh; dk;Zfu"iknu ls lacaf/kr lwpukvksa dk lrr] laxr] Timely disclosure of consistent, relevant and reliable information on
fo'oluh; rFkk le; ls izdVu Js"B xous±l dk vk/kkj gSA lfefr ds Nekgh Corporate Financial Performance is at the core of good governance.
vkSj ys[kkijhf{kr foRrh; ifj.kkeksa v©j egRoiw.kZ dk;kZy;h lekpkjksa d® The half-yearly unaudited financial results and recent official news
lfefRk dh osc lkbV www.iffco.nic.in ij Mkyk TkkRkk gSA lfefRk dh okf"kZd are displayed on Society's Web Site www.iffco.nic.in Full Annual
fji®VZ osc lkbV ij bl Ádkj ls Mkyh TkkRkh gS fd bPNqd O;fDRk mls vklkuh Report is also available on the Web site in a user-friendly and
ls ns[k ldsa v©j vko';d g®us ij Mkmuy®M dj ldasA lfefr okf"kZd fjiksVZ] downloadable form. The Society communicates with its shareholders
okf"kZd vke cSBdksa rFkk osclkbV ij nh xbZ lwpukvksa ds ek/;e ls vius through its Annual Report, Annual General Meetings and disclosures
'ks;j/kkfj;ksa ds lkFk lEidZ lk/krh gSA bl osclkbV ij dk;kZy;h lekpkjksa] through Web Site. The Society's official news releases, other press
izSl dojst vkfn dks Hkh LFkku fn;k tkrk gSA 'ks;jèkkjh] lfefr dh ossc lkbV coverages are also hosted on the website. The Shareholders can
78 dks ns[k ldrs gSa vkSj vko';d foRrh; tkudkjh rFkk lfefr ls laac) u, visit the Society's Web Site for all financial information and new
fodkl dk;ks± laacaèkh tkudkjh izkIr dj ldrs gaSA developments related to the Society.
a Auditors’ Report to Shareholders

a Balance Sheet

a Profit & Loss Account

a Schedules

a Cash Flow Statement

a Production and Sales

 ys[kkijh{kdksa dh fjiksV]Z 'ks;jèkkfj;ksa dks Auditors' Report to the Shareholders

geus bafM;u QkjelZ QfVZykbTkj d®vkijsfVo fyfeVsM ¼cgqjkT; We have audited the attached Balance Sheet of Indian Farmers
lgdkjh lfefr½ ds 31 ekpZ] 2009 Rkd ds layXu Rkqyu&i= RkFkk Fertiliser Cooperative Limited (Multi State Cooperative Society) as at
mlds lkFk layXu mlh fRkfFk d® lekIRk g®us okys o"kZ ds yk“&gkfu 31st March, 2009 and the Profit and Loss Account for the year ended
ys[® RkFkk udnh Áokg fooj.k dh ys[kkijh{kk dh gSA bu foRrh; on that date annexed thereto and Cash Flow Statement for the year
fooj.kksa dk nkf;Ro lfefRk ds Áca/ku dk gSA gekjk mRrjnkf;Ro ended on that date. These financial statements are the responsibility
ys[kkijh{kk ds vk/kkj ij bu foRrh; fooj.kksa ij viuh jk; O;ä of the Society's management. Our responsibility is to express an
djuk gSA opinion on these financial statements based on our audit.
geus viuh ys[kkijh{kk “kjRk esa vkeRk©j ij Lohdk;Z ys[kkijh{kk ekudksa We conducted our audit in accordance with auditing standards generally
ds vuqlkj dh gSA bu ekudksa esa ;g vis{kk dh TkkRkh gS fd ge viuh accepted in India. Those Standards require that we plan and perform
ys[kkijh{kk bl Ádkj ls djsa fd ,d mfpRk lhek Rkd bl ckRk dh laRkqf"V the audit to obtain reasonable assurance about whether the financial
g® lds fd foRrh; fooj.kksa esa fdlh Ádkj dh xyRkc;kuh ugÈ gSA statements are free of material misstatement. An audit includes
ys[kkijh{kk dk;Z esa uewuk Tkkap] jkf'k;ksa ds leFkZu esa lk{; v©j foRrh; examining, on a test basis, evidence supporting the amounts and
fooj.kksa esa muds ÁdVu vkfn dk dk;Z 'kkfey g®R® gSaA lkFk gh] ys[kkijh{kk disclosures in the financial statements. An audit also includes assessing
ds n©jku viuk, x, ys[kkadu fl)kaRkksa v©j Áca/ku }kjk R©;kj fd, x, the accounting principles used and significant estimates made by
egRoiw.kZ vuqekuksa dh leh{kk v©j lexz :i ls foRrh; fooj.kksa ds management, as well as evaluating the overall financial statement
ÁLRkqfRkdj.k ds ewY;kadu dk dk;Z “h 'kkfey g®Rkk gSA gesa iwjk fo'okl gS presentation. We believe that our audit provides a reasonable basis for
fd gekjh ys[kkijh{kk] gekjs bl fopkj d® mfpRk vk/kkj Ánku djRkh gSA our opinion.
ge ;g fji®VZ nsR® gSa fd % We report that:
d½ geus os l“h lwpuk,a ,oa Li"Vhdj.k Tk® gekjh Tkkudkjh ,oa fo'okl (a) We have obtained all the information and explanations which to
ds vuqlkj ys[kkijh{kk ds fy, vko';d F®] ÁkIRk dj fy, gSa( the best of our knowledge and belief were necessary for the
[k½ gekjs fopkj ls] lfefRk us cgqjkT; lgdkjh l®lkbVh fu;ekoyh] purposes of our audit;
2002 v©j lfefRk ds mifu;eksa ds vuqlkj ;Fkkvko';d ys[kk&iqLRkdsa (b) In our opinion, proper books of account as specified in the Multi-
leqfpRk :i ls j[kh gSa] T©lk fd iqLRkdksa dh Tkkap ls ÁRkhRk g®Rkk State Cooperative Societies Rules, 2002 have been kept by the
gS( vkSj ftu 'kk[kkvksa esa ge ugha tk ik, gSa] ogka ls leqfpr fjVUlZ Society so far as appears from our examination of the books and
gesa izkIr gks xbZ gSa vkSj ;s fjVUlZ ys[kkijh{kk ds gekjs iz;kstu ds proper returns adequate for the purpose of our audit have been
fy, i;kZIr FkhaA received from the branches not visited by us.
x½ v®eku fLFkRk lqj czkap ds [kkrksa] ftudh ys[kkijh{kk lfefr ds (c) The Accounts of Sur Branch at Oman which have been audited
ys[kkijh{kdksa ls fHkUu vU; ys[kkijh{kdksa ls djkbZ xbZ gS vkSj lqj by the auditors other than the Society's auditors and the financial
czkap ls izkIr foRrh; fooj.kksa dks] gekjs }kjk ;Fkk ys[kkijhf{kr foRrh; statements as received from the Sur Branch have been incorporated
fooj.kksa esa 'kkkfey dj fy;k x;k gSA in the financial statements as audited by us.
?k½ bl fji®VZ esa of.kZRk foRrh; fooj.k vFkkZr~ Rkqyu i=] yk“ o gkfu (d) The Financial Statements i.e. the Balance Sheet, Profit & Loss
ys[kk RkFkk udnh Áokg fooj.k ys[kk iqLRkdksa ls] lfefRk dh fons'k Account and Cash Flow Statement dealt with by this report are in
fLFkRk czkap ls ÁkIRk ys[kkijhf{kr foRrh; fooj.kksa lfgr] ls esy [kkR® agreement with the books of account after considering the audited
gSaA financial statements received from the foreign branch of the
p½ gekjh jk; esa v©j gekjh Tkkudkjh RkFkk gesa fn;s x;s Li"Vhdj.kksa Society.
ftUgsa lfefr dh ys[kk iqLrdksa esa n'kkZ;k x;k gS] ds vuqlkj mä (e) In our opinion and to the best of our information and according to
ys[ksa vuqlwph&20 esa nh xbZ fVIif.k;ka v©j egRoiw.kZ ys[kk uhfRk;ka] the explanations given to us and as shown by the books of account
Tk® fd bu okf"kZd ys[kkvksa dk “kx gSa] ds lkFk i<+us ij fuEufyf[kRk of the Society, the said Accounts, read together with Notes given
ds laca/k esa Hkkjr esa vkerkSj ij Lohdk;Z ys[kkadu fl)karksa ds vuq:i in Schedule-20 and Significant Accounting Policies, forming part
lgh v©j mfpRk fp= ÁLRkqRk djR® gSa % of the Accounts, give a true and fair view in confirmity with the
i½ 31 ekpZ] 2009 dh oLRkqfLFkfRk d® n'kkZus okyk Rkqyu i= lfefRk accounting principles generally accepted in India :
ds dk;ksZ dk mfpRk fp= ÁLRkqRk djRkk gSA i) In the case of Balance Sheet, of the state of affairs of the
ii½ yk“ o gkfu ys[kk] ml Rkkjh[k d® lekIRk gq, o"kZ ds fy, lfefRk Society as at 31st March, 2009.
ds yk“ ds laca/k esa lgh v©j mfpRk fp= ÁLRkqRk djRkk gS( RkFkk ii) In the case of Profit & Loss Account, of the Profit of the
iii½ udnh Áokg fooj.k ds laca/k esa] ml Rkkjh[k d® lekIRk gq, o"kZ Society for the year ended on that date; and
ds fy, lfefRk ds udnh Áokg dk lgh v©j mfpRk fp= ÁLRkqRk iii) In the case of Cash Flow Statement, of the Cash Flows of the
djR® gSaA Society for the year ended on that date.

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 egÙoiw.kZ ys[kk uhfr;ka Significant Accounting Policies

1- foÙkh; fooj.k R©;kj djus dk vkËkkj 1. Basis of Preparation of Financial Statements

;s foRrh; fooj.k HkkjRk esa vkeRk©j ij Lohdk;Z ys[kk fl)kaRkks]a The Financial Statements are prepared on accrual basis
baLVhVÓwV v‚Q pkVsZM a ,dkmaVVas ~l v‚Q bafM;k }kjk Tkkjh of accounting under the historical cost convention in
ys[kkadu ekudksa v©j cgqjkT; lgdkjh l®lkbVh vfËkfu;e] 2002 accordance with the generally accepted accounting
ds ÁkoËkkuksa ds vuqlkj fgLV®fjdy ykxRk ijEijk ds vaRkxZRk principles in India, the Accounting Standards issued by the
,Øw vy vkËkkj ij R©;kj fd;s x;s gSAa Institute of Chartered Accountants of India and the relevant
provisions of Multi State Co-operative Societies Act, 2002.

2- vuqekuksa dk mi;®x 2. Use of Estimates

;s foRrh; fooj.k vkeRk©j ij Lohdk;Z ys[kkadu fl)kaRkksa ds The preparation of financial statements, in conformity with
vuq:i R©;kj fd;s x;s gSa fTkuds vaRkxZRk fji®VZxRk vofËk ds the generally accepted accounting principles, require
n©jku foRrh; fooj.kksa d® R©;kj djus dh Rkkjh[k d® mu jkf'k;ksa estimates and assumptions to be made that affect the
ds vuqeku v©j iwokZuqeku yxk;s Tkkus dh vko';dRkk g®Rkh gS reported amount of assets and liabilities as of the date of
Tk® ifjlEifRr;ksa v©j ns;Rkkvksa dh vkSj jktLo vkSj O;; dh the financial statements and the reported amount of
fji®VZxRk jkf'k;ksa ij ÁHkko MkyRkh gSAa okLRkfod ifj.kkeksa v©j revenues and expenses during the reporting period.
vuqekuksa ds chp ds vaRkj d® ml vofËk ds n©jku ekU;Rkk Ánku Difference between the actual results and estimates are
dh TkkRkh gS Tkc bu ifj.kkeksa dk iRkk py TkkRkk gSA recognized in the period in which the results materialise.

3- LFkk;h ifjlEifRr;ka 3. Fixed Assets

¼i½ LFkk;h ifjlEifRr;ksa dk mYys[k fgLV®fjdy ykxRk esa ls (i) Fixed Assets are stated at historical cost less
lafpRk ewY;gzkl ?kVkdj fd;k x;k gSA ykxRk esa [kjhn accumulated depreciation. Cost comprises of the
ewY; v©j ml ifjlEifRr d® okafNRk mi;®x dh fLFkfRk purchase price and any attributable cost of bringing
esa ykus ds fy, O;; dh xbZ lHkh jkf'k;ksa d® Hkh 'kkfey the asset to its working condition for its intended use.
fd;k x;k gSA
¼ii½ lfØ; mi;ksx ls gVkbZ xbZ ifjlEifRr;ksa vkSj fuiVku (ii) Assets retired from active use and held for disposal
ds fy, j[kh xbZ ifjlEifRr;ksa dks vyx ls LFkk;h are shown separately under Fixed Assets at lower of
ifjlEifRr;ksa ds varxZr fuoy [kkrk ewY; ds U;wure ij net book value and estimated realisable value.
vkSj vuqekfur olwyh ;ksX; ewY; ij n'kkZ;k x;k gSA
4- fuekZ.k vofËk ds n©jku fd;k x;k O;; 4. Expenditure incurred during Construction Period
bdkbZ;ksa ds u;s@Áeq[k foLRkkj ds lacËa k esa okf.kfT;d mRiknu In respect of new/major expansion of units, the indirect
vkjaHk g®us dh Rkkjh[k Rkd fuekZ.k vofËk ds n©jku fd;s x;s expenditure incurred during construction period upto the
vÁR;{k O;; tksfd ml ifj;®Tkuk ds fuekZ.k ls lacfa ËkRk gS] date of the commencement of commercial production,
d® vkuqikfRkd vkËkkj ij iwTa khÑRk fd;k x;k gSA which is attributable to the construction of the project, is
capitalised on proportionate basis.

5- vewRkZ ifjlEifRr;ka 5. Intangible Assets

fdlh vewRkZ ifjlEifRr d® RkHkh vewRkZ ifjlEifRr ekuk x;k gS An intangible asset is recognised where it is probable that
Tkc ,slh laHkkouk g® fd Hkfo"; esa ml ifjlEifRr ls lfefRk d® the future economic benefits attributable to the asset will
vkfFkZd ykHk feysxk v©j ml ifjlEifRr dh ykxRk dh x.kuk flow to the Society and the cost of the asset can be
foÜoluh; Rk©j ij dh Tkk ldRkh gSA ,slh ifjlEifRr;ksa d® pqdk, measured reliably. Such assets are stated at cost less
x, _.k d® ?kVkus ds ckn ykxRk ij n'kkZ;k x;k gSA accumulated amortisation.

6- ifjlEifRr;ksa dk gkfudj.k 6. Impairment of Assets

ÁR;sd Rkqyu&i= R©;kj djus dh Rkkjh[k d® ;g vkdyu fd;k At each balance sheet date an assessment is made
TkkRkk gS fd D;k fdlh ifjlEifRr ds gkfudj.k ds fy, fdlh whether any indication exists that an asset has been
Ádkj dk d®bZ ladRs k e©Tkwn gSA vxj ,slk d®bZ ladRs k fn[kkbZ impaired. If any such indication exists, an impairment loss
nsRkk gS] Rk® foPNsnu gkfudj.k dh jkf'k vFkkZRk~ ml ifjlEifRr i.e. the amount by which the carrying amount of an asset
dh og dSfjax jkf'k Tk® lEifRr dh olwyh ;®X; jkf'k ls vfËkd exceeds its recoverable amount, is provided in the books
g®] dk ys[kk iqLRkdksa esa ÁkoËkku fd;k TkkRkk gSA of account.

7- fuos'k 7. Investments
d½ nh?kZkofËkd fuos'kksa dk fglkc ykxr ij yxk;k x;k gSA a) Long Term Investments are carried at cost. Provision
,sls fuos'kksa ds ewY; esa deh dk izkoËkku dsoy ml voLFkk for diminution in the value of such investments is
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 esa fd;k x;k gS tc og deh fuos'k dh ykxr esa vLFkk;h made to recognise a decline, other than temporary,
rkSj ls fHkUu gksA in the value of the investments.
[k½ pkyw fuos'kksa dk ewY; ykxr ds U;wu ij vFkok izR;sd b) Current Investments are valued at lower of cost and
fuos'k ds vkËkkj ij leqfpr ewY; ij fuËkkZfjr fd;k x;k fair value determined on an individual investment
gSA basis.

8- ekylwfp;ka 8. Inventories
ekylwfp;ksa dk ewY;kadu] ykxr vFkok fuoy olwyh ;ksX; ewY;] Inventories are valued at lower of cost or net realisable
tks Hkh de gks] ij fd;k x;k gSA value.
d½ ekylwph dh fofHkUu enksa dh ykxr fuEufyf[kr vkËkkj a) The cost in respect of various items of inventory is
ij fudkyh xbZ gS % computed as under:
i½ dPps eky] iSfdax lkexzh] fuekZ.k lkexzh] LVkd esa i) Raw Materials, Packing Materials, Construction
ywt VwYl] LVkd esa dSfedy ,oa dsVkfyLV rFkk Materials, Loose Tools in Stock, Chemicals &
Lis;lZ vkSj LVkslZ dh ekfld Hkkfjr vkSlr ykxr Catalysts in Stock and Stores & Spares at monthly
ijA weighted average cost.
ii½ izfØ;kËkhu LVkd dk izR;{k ykxr ij vkSj mifj&[kpksZa ii) Stock-in-Process at direct cost and an appropriate
ds leqfpr Hkkx dks tksMd + jA portion of overheads.
iii½ rS;kj eky% iii) Finished Goods:
& mRikfnr fd;s x;s ukbVªkt s hul moZjd tks xzqi – Manufactured Nitrogenous Fertilisers covered
fj;k;r ;kstuk ds varxZr vkrs gS]a dk ewY;kadu la;=
a by Group Concession Scheme at Annualised
Lrj ij okf"kZd mRiknu ykxr esa ls moZjd m|ksx Cost of Production at Plant after adjustment of
leUo; lfefr ¼,QvkbZlhlh½ ds la'kksfËkr ekudksa subsidy as determined as per the Revised
ds vuqlkj fuËkkZfjr dh xbZ vFkZlgk;rk ds lek;kstu Norms of the Fertiliser Industry Coordination
djus ds cknA Committee (FICC).
& mRikfnr fd;s x;s QkLQsfVd moZjd tks xzqi – Manufactured Phosphatic Fertilisers at
fj;k;r ;kstuk ds varxZr vkrs gS]a dk ewY;kadu Annualised Cost of Production at Plant plus
la;=a Lrj ij okf"kZd mRiknu ykxr tek xksnkeksa freight upto the warehouses after adjustment
rd ekyHkkM+k] bl lacËa k esa Kkr ekudksa ds vuqlkj of subsidy as estimated in accordance with
vuqekfur vFkZlgk;rk dk lek;kstu djus ds cknA known policy parameters in this regard.
& vk;kfrr ukbVªkt s hul moZjd [kjhn ykxr ij tek – Imported Nitrogenous Fertilisers at
izR;{k O;; esa ls Hkkjr ljdkj }kjk r; dh xbZ procurement cost plus direct expenses less
gSM
a fyax ykxr dh izfriwfrZ ?kVkdjA reimbursement of handling cost as fixed by the
& vk;kfrr QkLQsfVd moZjd [kjhn ykxr ij tek Government of India.
izR;{k O;; esa ls bl lacËa k esa Kkr uhfr ds ekudksa – Imported Phosphatic Fertilisers at procurement
ds vuqlkj vuqekfur vFkZ lgk;rk ds lek;kstu ds cost plus direct expenses after adjustment of
cknA subsidy as estimated in accordance with known
policy parameters in this regard.

[k½ rS;kj eky ds fuoy olwyh ;ksX; ewY; dk fuËkkZj.k O;kikj b) Net realisable value of Finished Goods is determined
dh lkekU; ifjfLFfr;ksa esa vuqekfur fcØh ewY; esa ls fcØh at estimated selling price in the ordinary course of
djus ds fy, vko';d ykxrksa dks ?kVkus ds ckn fd;k business less the estimated costs necessary to make
tkrk gSA the sale.

9- ewY;gzkl@ifj'kksËku 9. Depreciation / Amortisation

d½ LFkk;h ifjlEifRr;ksa ij ewY;gzkl lhËkh i)fRk ¼LVsªV ykbu a) Depreciation on Fixed Assets is provided on Straight
eSFkM½ ij fuEufyf[kRk vuqlkj ÁHkkfjRk fd;k x;k gS% Line Method as follows:
i½ 31 ekpZ] 1990 rd vfËkxzghRk dh xbZ ifjlEifRr;ksa (i) In respect of assets acquired upto 31st
ds lacËa k es]a vk;dj vfËkfu;e] 1961 v©j blds March,1990 at the rates prescribed under Income
vaRkxZRk cuk;s x;s fu;eksa esa fuËkkZfjRk dh xbZ njksa ijA tax Act, 1961 and rules framed thereunder.
ii½ 31 ekpZ] 1990 ds ckn vfËkxzghRk dh xbZ ifjlEifRr;ksa ij (ii) In respect of assets acquired after 31st
daiuh vfËkfu;e] 1956 dh vuqlp w h&14 esa vkËkkfjRk njsAa March,1990 at the rates based on schedule XIV
flok;] ikjknhi bdkbZ esa vf/kxzghr LFkk;h ifjlEifRr;ksa to the Companies Act,1956 except for fixed assets
ds] ftuds ewY;gzkl dh x.kuk] mDr ifjlEifRr;ksa dh taken over at Paradeep Unit which are depreciated
mi;ksxh thoukofËk ds vk/kkj ij dh xbZ gSA based on useful life of such assets.

[k½ ifjlEifRr;®a d® mudh ewy ykxRk dh 95 ÁfRk'kRk lhek b) Assets are depreciated to the extent of 95% of the
82 Rkd ewY;gzkflRk fd;k TkkRkk gS] flok; ,slh ifjlEifRr;ksa original cost except assets individually costing upto
 ds] fTkudh ykxRk ÁR;sd ekeys esa 5]000@& #i;s Rkd Rs.5,000/- which are fully depreciated in the year of
g®Rkh gS] d® vfËkxzg.k ds o"kZ esa gh iwjh Rkjg ewY;gzkflRk acquisition.
dj fn;k TkkRkk gSA
x½ *v®u ;®j oSxu ;®Tkuk* ds vaRkxZRk jsyos oSxuksa dk ewY;gzkl c) Railway wagons under "Own Your Wagon Scheme"
10 o"kks± dh vofËk ds ckn yxk;k x;k gSA are depreciated over a period of ten years.

?k½ e'khujh Lis;lZ ftudk mi;ksx la;= a o e'khujh dh fdlh d) Machinery Spares which can be used only in
en ds lac/a k esa gh fd;k tk ldrk gS rFkk bldks vfu;fer connection with an item of Plant & Machinery and its
:i ls mi;ksx esa ykus dh laHkkouk gS] dk iw.kZ ewY;gzkl use is expected to be irregular, are fully depreciated
lEc) ifjlEifRr dh '®"k mi;®xh TkhoukofËk ij fd;k over the remaining useful life of the related asset.
x;k gSA
p½ iÍs okyh Hkwfe ds vfËkxzg.k ds fy, Áhfe;e ds HkqxRkku e) Premium paid for acquisition of leasehold land, other
d® LFkk;h yht ds varxZr vf/kx`ghr Hkwfe dks NksMd+ j] than those acquired under perpetual lease basis, is
iÍs dh vofËk esa foHkDRk fd;k x;k gSA amortised over the period of lease.

N½ iÍs okys Hkouksa ij iw.kZ ewY;gzkl iÍk vofËk esa vFkok ,sls f) Leasehold Buildings are fully depreciated over the
Hkouksa dh mi;®xh Tkhou vofËk ds fy,] Tk® Hkh de g®] period of lease in case period of lease is less than
yxk;k TkkRkk gS v©j blds fy, njsa daiuh vfËkfu;e dh the useful life derived from the rates as per Schedule-
vuqlp w h&14 esa fuËkkZfjRk njsa viukbZ TkkRkh gSAa XIV of Companies Act.

Tk½ Tk®M+h xbZ ifjlEifRr;ksa ij ewY;gzkl iwjs o"kZ ds fy, yxk;k g) Addition to assets are depreciated for the full year
x;k gS] pkgs mUgsa ÁkIRk djus dh Rkkjh[k Tk® Hkh g® v©j irrespective of the date of addition and no depreciation
o"kZ ds n©jku csph xbZ@jÌ ?k®f"kRk dh xbZ ifjlEifRr;ksa is provided on assets sold/ discarded during the
ij d®bZ ewY;gzkl ugÈ yxk;k x;k gSA RkFkkfi] ifj;®Tkuk year. However, in the case of capitalisation of
d® iwTa khÑRk fd;s Tkkus ds ekeys es]a ewY;gzkl] okf.kfT;d project, depreciation is provided on a pro-rata basis
mRiknu vkjaHk g®us dh Rkkjh[k ls vkuqikfRkd vkËkkj ij from the date of commencement of commercial
yxk;k x;k gSA production.

>½ vewRkZ ifjlEifRr;ksa dk ifj'k®Ëku mudh vuqekfuRk mi;®xh h) Intangible assets are amortised over their estimated
Tkhou vofËk esa fd;k TkkRkk gS c'kR¨Z fd mi;®x ds fy, useful lives but not exceeding ten years when the
miyCËk g®us ij ,slh lEifRr dh ;g vofËk 10 o"kZ ls asset is available for use.
vfËkd ugÈ g®uh pkfg,A
10- jkTkLo dk Lohdj.k 10. Revenue Recognition
jkTkLo dk Lohdj.k ml lhek Rkd fd;k TkkRkk gS Tkgka Rkd Revenue is recognised to the extent that it can be reliably
mld® foÜoluh;Rkk ds vkËkkj ij vkadk Tkk ldRkk gS v©j measured and is probable that the economic benefits will
;g laHkkouk g®Rkh gS fd blls lfefRk d® vkfFkZd ykHk gksx
a As flow to the Society.

d½ eky dh fcØh a) Sales of Goods

& ?kjsyw fcfØ;ksa dk fglkc fuxZe v©j fjyhTk vkns'kksa ds – Domestic Sales are recognised on the basis of
Lohdkj g®us ds vkËkkj ij fd;k TkkRkk gS fTklds vaRkxZRk issue and acceptance of Release Orders whereby
ekfydkuk gd ds lHkh Áeq[k Tk®f[ke v©j ykHk [kjhnnkj all significant risks and rewards of ownership are
d® vaRkfjRk g® TkkR® gSa v©j lfefRk ds ikl eky ij transferred to the buyer and the Society retains no
bl Ádkj dk d®bZ ÁHkkoh fu;a=.k ugÈ g®Rkk Tk®fd effective control of the goods transferred to a
vkeRk©j ij ekfydkuk gd ls TkqMk+ g®A degree usually associated with the ownership.
& gkbZ lh fcfØ;ksa dh x.kuk ØsRkk ds i{k esa fcy v‚Q – High Sea sales are recognised upon endorsement
ySÇMx ds i`"Bkadu ij dh TkkRkh gSA of bill of lading in favour of buyer.

[k½ HkkjRk ljdkj ls vFkZ&lgk;Rkk b) Subsidy from Government of India

HkkjRk ljdkj ls ÁkIRk g®us okyh moZjd lac/a kh jkTkLo Revenue Subsidy from Government of India allowable
vFkZ&lgk;Rkk dh x.kuk lacfa Ëkr fj;k;r ;kstuk ds varxZr under Concession Scheme with regard to Fertilisers
,d lqfuf'pRk rkSj ij ml vkËkkj ij dh TkkRkh gS fTkldh is recognised on a systematic basis to match with the
lEc) ykxRk dh ÁfRkiwfRkZ g®us dh laHkkouk g®Rkh gSA related costs that are intended to compensate.

x½ vU; vk; c) Other Income

i½ ykHkka'k vk; dh x.kuk RkHkh dh TkkRkh gS Tkcfd mldk i) Dividend income is recognised when the right to
HkqxRkku ÁkIRk g®us dk vfËkdkj iôk g® TkkRkk gSA receive payment is established.
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 ii½ xzkgdksa ls] nsj ls ÁkIRk g®us okys HkqxRkkuksa ij C;kTk] ii) Interest on delayed payments from customers,
chek nkoks]a dksy xzM s fLyist nkoks]a rS;kj eky ds Insurance claims, Coal grade slippage claims,
fy, jsyos nkoksa rFkk f'kieSVa ij fMLiSp euh ds dkj.k Railway claims for finished goods and claims
izkI; nkoksa dks rHkh ekU;rk iznku dh tkrh gS tc receivable on account of despatch money on
olwy dh tkus okyh jkf'k ds ckjs esa vkSj mldh shipments are recognised when no significant
vafre olwyh ds ckjs esa fdlh izdkj dh dksbZ 'kadk uncertainty exists with regard to the amount to be
ugha jgrhA realised and ultimate collection thereof.
iii½ lfVZQkbM beh'ku fjMD'ku ¼lhbZvkj½ ds varj.k iii) Income from transfer of Certified Emission
dh vk; dks Øsrk ds [kkrs eas lhbZvkj dh fMyhojh Reduction (CER) is recognised on delivery of
gksus ij tks fd ¼lhbZvkj½ ds varj.k dh iqf"V CERs to the buyer's account as evidenced by the
ds lacËa k esa varj.k nLrkost dh izfr ls Kkr gksrs copy of transfer documentation, confirming the
gSaA transfer of CERs.
iv½ LdzSi@lkYost vkSj csdkj lkeku ls gksus okyh vk; dks iv) Income from Scrap / salvage and waste material
rHkh [kkrksa esa fy;k tkrk gS tc mls cspk tkrk gSA is recognised, when sold.

11- fons'kh eqæk esa ysu&nsu 11. Foreign Currency Transactions

d½ fons'kh eqæk esa fd, x, l©nksa d® vkjafHkd Lohdj.k ij a) Foreign Currency transactions are recorded on initial
l©ns dh Rkkjh[k d® ykxw fofue; nj ij fjdkMZ fd;k recognition at the exchange rate prevailing on the
TkkRkk gSA l©nksa dk fuiVku g® Tkkus ij fons'kh eqæk ds date of the transaction. On settlement of transactions,
l©nksa ij g®us okys fdlh ykHk vkSj gkfu d® ykHk o gkfu the realized gains and losses on foreign exchange
[kkR® esa n'kkZ;k x;k gSA transactions are recognized in the Profit and Loss
Account.
[k½ o"kZ dh lekfIRk ij fuiVku ds fy, cdk;k fons'kh eqæk b) Foreign currency monetary items remaining unsettled
dh ekSfnzd enksa d® o"kZ ds vaRk esa ÁpfyRk nj®a ij :ikarfjr at the end of the year are reported at year-end rates.
fd;k x;k gSAa buesa vkus okys fofue; nj ds vaRkj d®] The exchange rate differences arising thereof are
ykHk&gkfu [kkR® esa n'kkZ;k x;k gSA xSj&ekSfnzd ens]a fTkUgsa recognized in the Profit & Loss Account. Non-
fgLV®fjdy ykxRk ij fy;k x;k gS v©j fons'kh eqæk esa monetary items which are carried at historical cost
n'kkZ;k x;k gS] d® ysu&nsu dh Rkkjh[k d® ÁpfyRk fofue; denominated in a foreign currency are reported
nj dk mi;®x djds fy;k x;k gSA using the exchange rate at the date of the transaction.
x½ QkjoMZ dkaVªDs V ds lac/a k esa QkjoMZ ,Dlpst a dkaVªDs Vksa ds c) In respect of forward contracts premium or discount
vkjaHk gksus ij izhfe;e vFkok feyus okyh Nw V d® Bsds arising at the inception of forward exchange contracts
dh vofËk esa vk; vFkok O;; ds :i esa ifj'kksfËkr fd;k is amortised as an expense or income over the period
TkkRkk gSA bl o"kZ dh lekfIr ij fuiVku ds fy, cdk;k of the contract. Forward contracts remaining unsettled
QkjoMZ dkaVªDs Vksa dks o"kZ ds var dh njksa ds :i esa fjiksVZ at the end of the year are reported at year end rates.
fd;k x;k gSA QkjoMZ ,Dlpst a Bsdksa dks jn~n djus ;k Any profit or loss arising on cancellation or renewal
uohd`r djus ls gksus okys fdlh ykHk vFkok gkfu dks] of forward exchange contracts is recognised as income
ml vof/k ftlesa mDr ykHk vFkok gkfu gqbZ gS] esa vk; or expense in the year in which such profit or loss
vkSj O;; ds :i esa fglkc esa fy;k x;k gSA arises.
?k½ fons'kh 'kk[kkvksa ds foRrh; fooj.kksa d® ,dhÑRk :i esa d) Financial statements of Foreign branches are
fy;k x;k gS v©j bls fuEukuqlkj :ikarfjr fd;k x;k considered to be Integral and are translated as
gS% follows:
& e©fæd ifjlEifRr;ksa v©j ns;Rkkv®a d® o"kZ ds vaRk esa – Monetary assets and liabilities at rates of exchange
ÁpfyRk fofue; njksa ijA prevailing at the end of the year.
& xSj&e©fæd enksa d® l©ns dh Rkkjh[k d® ÁpfyRk fofue; – Non-monetary items at exchange rates prevailing
nj ijA on the date of transaction.
& jkTkLo enksa d® ,Dlpst a nj ij] tks ysu&nsu dh rkjh[k – Revenue items are accounted for at the exchange
dks ekStnw k nj ds vkl&ikl gksrh gS] ij fglkc esa rate, which approximates the rate prevailing as on
fy;k x;k gSA the date of transaction.
& bl izdkj ls gksus okys 'ks"k :ikarj.k varjksa dks ykHk – Resultant translation differences arising therefrom
o gkfu [kkrs esa Mkyk x;k gSA are recognized in the Profit & Loss Account.

12- pkyw dj] vkLFkfxRk dj vkSj vuqykHk dj 12. Current Tax, Deferred Tax & Fringe Benefit Tax
bl vofËk ds nkSjku dj O;; ftuesa pkyw dj] vkLFkfxr dj Tax expense for the period, comprising Current Tax,
vkSj vuqykHk dj 'kkfey gS]a dks bl o"kZ ds fuoy ykHk@¼gkfu½ Deferred Tax and Fringe Benefit Tax, is included in
dk fuËkkZj.k djrs le; fy;k x;k gSA determining the Net Profit/(Loss) for the year.
84
 d½ pkyw dj dk izkoËkku ykxw MhVh,, ds izko/kkuksa dks /;ku a) Provision for Current Income Tax is made as per
esa j[krs gq, vk;dj vfËkfu;e] 1961 ds izko/kkuksa ds vuqlkj provisions of Income-tax Act, 1961 after considering
fd;k x;k gSA the applicable DTAA provisions.
[k½ vkLFkfxRk dj] dj ;®X; vk; v©j ys[kk vk; ds chp ,d b) Deferred Tax resulting from "timing differences"
vofËk esa g®us okys **le; vaRkjkyks*a * ds chp dj ;®X; vk; between taxable income and accounting income is
v©j ys[kk vk; dk fuËkkZj.k Rkqyu&i= Rkkjh[k d® ykxw ;k determined by using the tax rates and the tax laws
i;kZIRk :i ls ykxw dj njksa v©j dj lacËa kh dkuwuksa d® mi;®x that have been enacted or substantively enacted as
esa ykdj fuËkkZfjRk fd;k TkkRkk gSA vkLFkfxr dj ifjlEifRr;ksa on the balance sheet date. Deferred tax assets are
dks okftc@Hkkoh dj ;ksX; ykHk esa ys tk;k tkrk gS tks carried forward to the extent it is reasonably/virtually
fd ml le; miyCËk gksxk tc bl izdkj dh vkLFkfxr certain that future taxable profit will be available
dj ifjlEifRr;ksa dk Hkqxrku djuk gksxkA against which such deferred tax assets can be realized.
x½ vuqykHk dj dk ÁkoËkku] dj ds fy, fofufnZ"V nj ij c) Fringe Benefit Tax is provided on the aggregate
lac) dkuwuksa ds ÁkoËkkuksa ds vuqlkj fuËkkZfjRk fd;s x;s amount of fringe benefits determined in accordance
vuqykHk dh ldy jkf'k ij fd;k TkkRkk gSA with the provisions of the relevant enactments at the
specified rate of tax.

13- _.k ykxRk 13. Borrowing Cost

_.k ykxRk fTkUgsa vfËkxzg.k ;k DokfyQkbax ifjlEifRr;ksa ds Borrowing costs that are attributable to the acquisition
fuekZ.k ds fy, vkcafVRk fd;k x;k gS] d® bu ifjlEifRr;ksa or construction of qualifying assets are capitalised as
dh ykxRk ds :i esa iwTa khÑRk fd;k x;k gSA DpkfyQkbax part of cost of such assets. A qualifying asset is one
ifjlEifRr og ifjlEifRr g®Rkh gS fTkls okafNr mi;®x gsRkq that necessarily takes substantial period of time to get
R©;kj g®us esa vfuok;ZRk% dkQh le; yxRkk gSA vU; lHkh _.k ready for intended use. All other borrowing costs are
ykxRkksa d®] ml vofËk] fTklesa mUgsa O;; fd;k x;k gS] esa O;; recognised as an expense in the period in which they
ds :i esa fy;k x;k gSA are incurred.

14- deZpkfj;ksa dks ykHk 14. Employee Benefits

d½ vYidkfyd deZpkjh ykHk a) Short Term Employee Benefits
deZpkfj;ksa d® vYidkfyd ykHkksa dks ml o"kZ ds ykHk Short Term Employee Benefits are recognized as an
o gkfu ys[kk esa vufMLdkamfVM vkËkkj ij O;; ds :Ik expense on an undiscounted basis in the Profit & Loss
esa fy;k tkrk gS] ftl o"kZ ;s lsok,a izkIr dh tkrh Account of the year in which the related service is
gSaA rendered.

[k½ fu;kstu ds mijkUr ykHk b) Post Employment Benefits

deZpkfj;ksa dhs minku fufËk ;kstuk vkSj Hkfo"; fufËk ;kstuk The employees' gratuity fund scheme and provident
lfefr dh ikfjHkkf"kr ykHk ;kstuk,a gSa ftudk foRr iks"k.k fund scheme are the Society's defined benefit plans
lfefr }kjk fd;k tkrk gS vkSj izcËa ku vyx U;kl }kjk which are funded by the Society and are managed by
fd;k tkrk gSA separate trusts.
i½ minku ;kstuk ds varxZr lfefr ds nkf;Ro Hkkj dk i) The present value of Society's obligations under
fuËkkZj.k o"kZ ds var esa okLrfod ewY;kadu ds vkËkkj gratuity scheme is determined on the basis of
ij vkSj minku ;kstuk ds varxZr ldy nkf;Ro esa actuarial valuation at the year end and the fair
ls Iyku dh ifjlEifRr;ksa dk mfpr ewY; ?kVk dj value of plan assets is reduced from the gross
fuoy vkËkkj ij nkf;Ro dks ekU;rk iznku dh tkrh obligations under gratuity scheme, to recognize
gSA the obligation on net basis.
ii½ Hkfo"; fufËk vkSj ifjokj is'a ku ;kstuk ds varxZr fd;s ii) The contribution to Provident Fund and Family
tkus okys va'knku dks O;; ekuk tkrk gS vkSj mls Pension Scheme is recognized as expense and
ykHk o gkfu ys[ks esa izHkkfjr fd;k tkrk gSA is charged to the Profit & Loss Account.
lfefr dks Hkfo"; fufËk U;kl }kjk fd;s x;s fuos'kksa ls The Society has an obligation to make good the
feyus okys izfrykHk vkSj vfËklwfpr C;kt njksa ds chp shortfall, if any, between the return from the
ds vUrj dks] ;fn dksbZ gks rks] dks iwjk djuk gksrk gSA investments of Provident Fund Trust and the notified
bl deh ds dkj.k cuus okyh ns;rk] ;fn dksbZ gks rks] interest rates. Liability, on account of such shortfall,
dks ekU;rk o"kZ ds var esa okLrfod ewY;kadu ds vkËkkj if any, is recognized on the basis of actuarial valuation
ij nh xbZ gSA carried out at the year end.

x½ nh?kZdkfyd deZpkjh ykHk c) Long Term Employee Benefits

NqV~Vh uxnhdj.k@dEialfs VM vuqifLFkfr dh ns;rk dks The liability for Leave Encashment/Compensated
ekU;rk o"kZ ds var esa okLrfod ewY;kadu ds vkËkkj ij Absences is recognized on the basis of an actuarial
nh tkrh gSA valuation made at the end of the year. 85
 ?k½ VfeZus'ku ykHk d) Termination Benefits
LoSfPNd lsok fuo`fr ;kstuk ds varxZr Hkqxrku fd;s x;s The compensation paid under Voluntary Retirement
eqvkots dk ifj'kksËku 5 o"kZ dh vofËk esa leku fdLrksa esa Scheme is amortised over a period of five years in
fd;k tkrk gSA ifj'kksfËkr u dh xbZ jkf'k dks ^^fofoËk O;; equal instalments. The unamortized amount is shown
ftUgsa jkbV vkWQ ugha fd;k x;k** esa n'kkZ;k x;k gSA as "Miscellaneous Expenditure not written off".

p½ okLrfod ewY;kadu ds QyLo:i gksus okys ykHk vkSj gkfu;ksa e) Gains and losses arising out of actuarial valuation are
dks rRdky ykHk o gkfu [kkrk esa Mkyk tkrk gSA recognized immediately in the Profit & Loss Account.

15- ÁkoËkku] Áklafxd ns;Rkk,a v©j Áklafxd ifjlEifRr;ka 15. Provisions, Contingent Liabilities and Contingent
Assets
d½ ns;rkvks]a ftudk vkdyu Bksl vuqekuksa ds vkËkkj ij a) Provisions are recognised for liabilities that can be
fd;k tk ldrk gS] ds fy, izkoËkku rHkh fd;k tkrk measured by using a substantial degree of estimation,
gS tc% if:
i½ lfefRk ij e©Tkwnk nkf;Ro foxRk ifj.kke ds dkj.k i) the Company has a present obligation as a result
gS( of a past event;
ii½ lalkËkuksa ds izR;kf'kr vkmV¶y® ftlls vkfFkZd ykHkksa ii) a probable outflow of resources embodying
ds nkf;Ro ds fuiVku dh laHkkouk gS( vkSj economic benefits is expected to settle the
obligation; and
iii½ nkf;Ro dh jkf'k dk fo'oluh; rkSj ij vuqeku yxk;k iii) the amount of the obligation can be reliably
Tkk ldRkk gSA estimated.

[k½ izklafxd ns;rk dks ml fLFkfr esa fMLdykst fd;k tkrk gS% b) Contingent liability is disclosed in case of :
i½ Tkc lfefRk ij e©Tkwnk nkf;Ro foxRk ifj.kke ds dkj.k i) a present obligation arising from a past event
gS vkSj ;g laHkkouk ugha gS fd nkf;Roksa ds fuiVku when it is not probable that an outflow of resources
ds fy, vkfFkZd ykHk okys lalkËkuksa ds vkmV¶y® dh embodying economic benefits will be required to
vko';drk gksxhA settle the obligation.
ii½ dksbZ laHkkfor nkf;Ro] c'krsZ fd fuiVku esa vkmV¶yks ii) a possible obligation, unless the probability of
dh laHkkouk cgqr de gSA outflow in settlement is remote.

x½ fdlh izkoËkku dk fuiVku djus ds fy, vko';d O;; c) Reimbursement expected in respect of expenditure
ds lacËa k esa izR;kf'kr izfriwfrZ dks dsoy rHkh fglkc esa required to settle a provision is recognised only when
fy;k tkrk gS tc ;g iw.kZ :i ls fuf'pr gks tkrk gS it is virtually certain that the reimbursement will be
fd izfriwfrZ dh jkf'k izkIr gks tk,xhA received.

?k½ Áklafxd ifjlEifRr;ksa d® u rks fglkc esa fy;k tkrk gS vkSj d) Contingent assets are neither recognised nor disclosed
u gh foRrh; fooj.kksa esa budks fMLdykst fd;k TkkRkk gSA in the financial statements.

16- vkijsÇVx yhTk 16. Operating Leases

yhTk ij vfËkxzghRk ifjlEifRr;ks]a fTkuesa LokfeRo ds fjLd v©j Assets acquired on leases wherein a significant portion of
fjokMZ ds egRoiw.kZ Hkkx d® yhTkdRkkZ }kjk ËkkfjRk fd;k TkkRkk the risks and rewards of ownership are retained by the
gS] d® vkijsÇVx yhTk ds :i esa oxhZd`r fd;k TkkRkk gSA ,slh lessors are classified as operating leases. Lease rentals
yhTk ds fy, ÁnRr yhTk fdjk, d® yhTk dh vofËk Rkd LVªVs paid for such leases are recognised as an expense on
ykbu vkËkkj ij O;; ds :i esa fglkc esa fy;k x;k gSA straight line basis over the term of lease.

17- xRkkofËk vk;@O;; 17. Prior Period Income / Expenditure

xRkkofËk;ksa dh vk;@O;; ensa fTkudh jkf'k ÁR;sd ekeys esa Income/Expenditure items relating to prior period(s) not
2]00]000@& #i;s ls vfËkd ugÈ gS] d® pkyw o"kZ dh vk;@O;; exceeding Rs.2,00,000/- each is treated as Income/
ds :i esa ekuk x;k gSA Expenditure for the current year.

18- iwoZ&ÁnRr O;; 18. Pre-Paid Expenses

50]000@& #i;s Rkd ds izR;sd ekeys esa flok; chek Áhfe;e Expenditure upto Rs.50,000/- in each case except
ds O;; d® mlh o"kZ ds [kkRkksa esa fy;k x;k gS fTkl o"kZ ;g Insurance Premium is accounted for in the year in which
jkf'k O;; dh xbZ gSA the same is incurred.

86
 vuqlwph 20 Schedule 20
fVIif.k;ka] Tk® 31 ekpZ] 2009 Notes Forming Part of the
Rkd ds ys[kkvksa dk “kx gSaA Accounts as at 31st March, 2009
1- iwaTkhxRk ÁfRkc)Rkk,a 1. Capital Commitments
iwaTkhxRk dk;ksZa ds fy, fu"ikfnRk fd;s Tkkus okys vuqca/kksa dk vuqekfuRk ewY;] Estimated value of contracts to be executed on capital account and
fTkldk Áko/kku ugÈ fd;k x;k gS] 442-70 djksM+ #i;s ¼xRk o"kZ 328-38 not provided for amounts to Rs.442.70 crore (Previous year
Rs.328.38 crore).
djksM+ #i;s½ A
2- Áklafxd ns;Rkk,a 2. Contingent Liabilities

d½ bl o"kZ dh lekfIRk ij Áklafxd ns;Rkk,a 228-28 djksM+ #i;s ¼xRk o"kZ a) Contingent liabilities at the year end Rs. 228.28 crore (Previous year
Rs.774.01 crore) as given below:
774-01 djksM+ #i;s½ Fkha fTkudk fooj.k fuEu Ádkj gS %
As at As at
31 ekpZ] 2009 Rkd 31 ekpZ] 2008 Rkd 31.03.2009 31.03.2008
¼djksM+ #i;s esa½ ¼djksM+ #i;s esa½ (Rs. in crore) (Rs. in crore)
i) dk;Zfu"iknu xkjafV;ka i) Performance Guarantees
¼tkjh fd, x, lk[k i=ksa lfgr½ (incl. Letters of Credit issued)
¼d½ la;qDRk m|eksa@lgk;d a) In respect of Joint
daifu;ksa ds lacaËk esa 162-16 458-65 Ventures/ Subsidiaries 162.16 458.65
¼[k½ vU; 6-54 33-52 b) Others 6.54 33.52

ii) lfefRk ds fo:) nkos@fookfnRk ns;Rkk,a ii) Claims against Society/Disputed

fTkUgsa _.k ds :i esa Lohdkj ugÈ fd;k x;k gS 25-08 12-46 Liabilities not acknowledged as Debt 25.08 12.46

iii) vk;dj] lhek 'kqYd] mRikn dj v©j iii)Claims against Demand Notices
fcØh dj ÁkfËkdj.kksa }kjk Tkkjh fd;s issued by Income Tax, Customs,
x;s ekax u®fVlksa ds fo#) nkos 25-85 267-30 Excise and Sales Tax Authorities 25.85 267.30
iv) vU; 8-65 2-08 iv)Others 8.65 2.08

;®x % 228-28 774-01 Total: 228.28 774.01

[k½ ekuuh; mPp U;k;ky; }kjk izos'k dj ds ckjs esa fn;s x;s vkns'k rFkk tSlk b) Pursuant to order pronounced by Hon'ble High Court in the matter
fd lfefr dks ijke'kZ fn;k x;k] lfefr us ikjknhi bdkbZ ds ekeys esa bl of entry tax and as advised, the Society has not provided for entry
o"kZ esa izos'k dj ds fy, 15-81 djksM+ #i;s dh jkf'k dk izko/kku ugha fd;k tax amounting to Rs. 15.81 crore for the year in respect of Paradeep
Unit. Pending disposal of matter by the Hon'ble Supreme Court,
gSA ekuuh; loksZPp U;k;ky; }kjk ;g ekeyk fuyfEcr j[ks tkus ds dkj.k entry tax paid/provided by the Unit for earlier years has not been
bl bdkbZ }kjk iwoZ o"kkZsZa esa Hkqxrku@izko/kku fd;s x;s izos'k dj dks jkbV considered for write-back.
cSd djus ij fopkj ugha fd;k x;k gS A
3. Fixed Assets
3- vpy ifjlEifRr;ka
i) Include Building costing Rs.0.72 crore ( Previous year Rs.0.72
i) bu ifjlEifRr;ksa es]a Qwyiqj RkFkk dy®y bdkbZ dh 169 ,dM+ Hkwfe RkFkk Hkou] crore) and land measuring 169 acres at Phulpur and Kalol leased
fTkudh vuqekfuRk ykxRk 0-72 djksM+ #i;s ¼xRk o"kZ 0-72 djksM+ #i;s½ gS] to Cooperative Rural Development Trust (CORDET) upto 27th
April, 2009 at an annual lease rent of Re.1/-.
'kkfey gS]a Tk® iÍs ds vk/kkj ij lgdkjh xzkeh.k fodkl U;kl ¼d‚jMsV½ d®
27 vÁSy] 2009 Rkd 1@&#i;k okf"kZd yht fdjk;s ij nh xbZ gSA ii) Land acquired includes Freehold Land Rs.4.59 crore (Previous
ii) vf/kx`ghRk Hkwfe esa 4-59 djksM+ #i;s ¼xRk o"kZ 4-59 djksM+ #i;s½ dh Ýh year Rs.4.59 crore), Leasehold Land Rs.0.61 crore (Previous year
Rs.0.61 crore), and Building includes Leasehold Office Building
gksYM Hkwfe] 0-61 djksM+ #i;s ¼xRk o"kZ 0--61 djksM+ #i;s½ dh yht
Rs.0.45 crore (Previous year Rs.0.45 crore), which are pending
gksYM Hkwfe vkSj Hkou esa yht gksYM dk;kZy; Hkou 0-45 djksM+ #i;s registration/ transfer in the name of the Society.
¼xRk o"kZ 0-45 djksM+ #i;s½ dh jkf'k 'kkfey gS] fTkldk lfefRk ds
uke esa [email protected] g®uk ckdh gS A iii)Capital Work-in-Progress includes Rs.34.22 crore (Previous year
Rs.47.43 crore) towards advances paid to vendors/ suppliers.
iii) iwaTkhxRk pkyw fuekZ.k dk;ksZa esas oSaMjksa@vkiwfRkZdRkkZvksa d® fn;s x;s 34-22
djksM+ #i;s ¼xRk o"kZ 47-43 djksM+ #i;s½ ds vfxze 'kkfey gSa A iv)The compensation for the land acquired at Nellore has been paid
iv) uS Y yw j es a vf/kx` g hRk Hkw f e dk eq v koTkk fTkldk fu/kkZ j .k jkT; as determined by the State Government/ Local Authorities.
Additional compensation, if any, payable to erstwhile Land Owners
ljdkj@LFkkuh; Ákf/kdj.k us fd;k gS] dk HkqxRkku dj fn;k x;k gS A will be accounted for on intimation from the State Government/
;fn Hkwfe ds iwoZ ekfydksa d® fdlh vfRkfjDRk eqvkots dk HkqxRkku fd;k Local Authorities.
Tkkuk gksxk rks jkT; ljdkj@LFkkuh; Ákf/kdj.k ls lwpuk ÁkIRk g®us ds
ckn mls [kkRkksa esa Mkyk Tkk,xk A v) The value of total land measuring 291.80 acres out of total land
measuring 1273 acres belonging to Aonla Unit has been taken on
v) vkaoyk bdkbZ dh dqy 1273 ,dM+ Hkwfe esa ls 291-80 ,dM+ Hkwfe dk ewY;kadu the basis of Judgement of Additional District Judge (IV), Bareilly.
vfrfjDr ftyk/kh'k (iv)] cjsyh ds fn, x, fu.kZ; ds vk/kkj ij fd;k x;k However, the Society has gone for an appeal in Hon'ble High
gSA rFkkfi lfefRk us vfrfjDr ftyk/kh'k (iv)] cjsyh }kjk fuèkkZfjr eqvkots Court at Allahabad against compensation determined by the
Additional District Judge (IV), Bareilly.
ds fo#) ekuuh; mPp U;k;ky;] bykgkckn esa vihy nkf[ky dh gqbZ gSA
vi) dkaMyk bdkbZ ds la;=a dh Hkwfe dk yht djkj uohdj.k ds fy, dkaMyk iksVZ VªLV vi)The renewal of Lease Agreement in respect of land for the plant
at Kandla Unit is pending for approval with Kandla Port Trust.
ds vuqeksnu ds fy, yfEcr gSA yht djkj dk uohdj.k yfEcr gksus ds dkj.k
Pending renewal of Lease Agreement, provision for liability towards
106 yht fdjk;s ds lac/a k esa ns;rk dk izko/kku vuqekfur vk/kkj ij fd;k x;k gS A lease rent has been made on an estimated basis.
4- fuos'k 4. Investments
i) As on 31st March, 2009, the Society has made an equity investment
i) 31 ekpZ] 2009 ds vuqlkj lfefr us felz esa ,d QkLQksfjd ,flM ifj;kstuk
of Rs. 38.89 crore in a Joint Venture Company 'Indo Egyptian
yxkus ds fy, *baMks bftfI'k;u QfVZykbtj daiuh* uked ,d la;Dq r m|e Fertilizer Company' for setting up a Phosphoric Acid Project in
daiuh esa 38-89 djksM+ #i;s dk fuos'k fd;k gqvk gS A visf{kr vuqeksnu ds Egypt. Pending requisite approvals, the Project has been put on
yfEcr gksus ds dkj.k ifj;kstuk dk dke jksd fn;k x;k gS A visf{kr vuqeksnu hold. Project's activities are expected to be resumed on the receipt
ds izkIr gksus ds ckn ifj;kstuk xfrfof/k;ka iqu% vkjaHk gksus dh vk'kk gS A of requisite approvals.

ii) vkbZlh,l] flusxy esa fuos'k dh xbZ jkf'k esa 81-16 djksM+ #i;s dh tks ii) Diminution in the value of investment amounting to Rs. 81.16 crore
deh vkbZ gS mls vkbZlh,l] flusxy dh iwt
a h iqu% lajpuk ds ifj.kkeLo:Ik in ICS, Senegal has been written-off during the year consequent
upon capital restructuring of ICS, Senegal.
bl o"kZ fjVu vkWQ dj fn;k x;k gS A
iii) 31 ekpZ] 2009 ds vuqlkj lfefr ds ikl 6638-95 djksM+ #i;s ¼xr o"kZ iii)As on 31st March,2009, the Society holds Government of India
646-16 djksM+ #i;s½ ds Hkkjr ljdkj moZjd ckaM Fks ftuij fuEu Fertilizer Bonds amounting to Rs. 6,638.95 crore (previous year
Rs. 646.16 crore) bearing different rates of interest as per details
fooj.k ds vuqlkj vyx&vyx C;kt njsa Fkha %& hereunder :-

31 ekpZ] 2009 rd 31 ekpZ] 2008 rd As at As at

31.03.2009 31.03.2008
¼djksM+ #i;s esa½ ¼djksM+ #i;s esa½ (Rs. in crore) (Rs. in crore)

7-95 izfr'kr moZjd daifu;ka & 646-16 7.95% Fertilizer Companies — 646.16
Hkkjr ljdkj Lis'ky ckaM] 2026 GOI Special Bonds, 2026

7-00 izfr'kr moZjd daifu;ka 2900-97 & 7.00% Fertilizer Companies 2900.97 —
Hkkjr ljdkj Lis'ky ckaM] 2022 GOI Special Bonds, 2022

6-20 izfr'kr moZjd daifu;ka 2106-33 & 6.20% Fertilizer Companies 2106.33 —
Hkkjr ljdkj Lis'ky ckaM] 2022 GOI Special Bonds, 2022

6-65 izfr'kr moZjd daifu;ka 1631-65 & 6.65% Fertilizer Companies 1631.65 —
Hkkjr ljdkj Lis'ky ckaM] 2023 GOI Special Bonds, 2023

;ksx% 6638-95 646-16 Total 6638.95 646.16

5- pkyw ifjlEifRr;ka] _.k o vfxze

5. Current Assets, Loans and Advances

i) udn ;k oLRkq :i esa ÁkIRk g®us okyh ;k olwyh ;®X; is'kfx;ka o vU; i) Advances and other amounts recoverable in cash or in kind or for
jkf'k;ka fuEu Ádkj gSa %& value to be received include :

31 ekpZ] 2009 Rkd 31 ekpZ] 2008 Rkd As at As at

31.03.2009 31.03.2008
¼djksM+ #i;s esa½ ¼djksM+ #i;s esa½ (Rs. in crore) (Rs. in crore)
deZpkfj;ksa ls ÁkI; 98-87 96-02
iwoZ&ÁnRr O;; 31-64 35-92 Due from Employees 98.87 96.02
Prepaid Expenses 31.64 35.92
;ksx 130-51 131-94 Total 130.51 131.94
ii) ÁfRkHkwfRk v©j vU; Tkek jkf'k;ka fTkuesa fookfnRk ns;Rkkvksa ds fy, fd;s ii) Security and Other Deposits include payments against disputed
x;s HkqxRkku 'kkfey gSa %& liabilities :

31 ekpZ] 2009 Rkd 31 ekpZ] 2008 Rkd As at As at

¼djksM+ #i;s esa½ ¼djksM+ #i;s esa½ 31.03.2009 31.03.2008
(Rs. in crore) (Rs. in crore)
fcØh dj 5-01 27-05
Sales Tax 5.01 27.05
“wfe dk eqvkoTkk 0-90 0-90 Land Compensation 0.90 0.90
;ksx 5-91 27-95 Total 5.91 27.95

iii) _.k o vfxze esa fuEufyf[kr jkf'k 'kkfey gS % iii)Loans & Advances include an amount of :
& izkIr dsuosV ØsfMV vkSj vkLFkfxr dsuosV ØsfMV ds cdk;k 7-46 - Rs.7.46 crore (Previous year Rs.7.42 crore) outstanding on
djksM+ #i;s ¼xRk o"kZ 7-42 djksM+ #i;s½ account of Cenvat Credit Receivable and Cenvat Credit Deferred.
& vkbZihlhvks@mM+hlk jkT; ljdkj ds ikl vfrfjDr Hkwfe ds vfèkxzg.k - Rs.114.18 crore (Previous year Rs.29.93 crore) deposited with
ds fy, tek 114-18 djksM+ #i;s +¼xRk o"kZ 29-93 djksM+ #i;s½ IPCO/ State Govt. of Orissa for acquisition of additional land.
iv) QkLQksfjd ,flM dk ,d f'kiesaV *,eVhLVksYV LVsªaFk* ftldk ewY;
164-80- djksM+ #i;s Fkk] gkbZ lh esa leqnzh yqVsjksa }kjk vigfjr dj iv)One Phosphoric Acid Shipment 'MT STOLT STRENGTH' valuing
Rs. 164.80 crore was captured by pirates on high seas, which
fy;k x;k FkkA ftls rqyu&i+= dh rkjh[k rd NksM+uk ckdh Fkk A remains to be released as on the Balance Sheet date. The value
^ekxZLFk eky* ds bl ewY; dks fuoy olwyh ;ksX; ewY; dh vuqekfur of these 'Goods in Transit' has been written down by an amount of
jkf'k fudkyus ds fy, 107-68 djksM+ #i;s de djds bl ^ekxZLFk eky* Rs. 107.68 crore to arrive at the estimated net realisable value of
such 'Goods in Transit' at Rs. 57.12 crore.
dk ewY; 57-12 djksM+ #i;s dj fn;k x;k gSA 107
 vuqlwph 20 ¼tkjh½ Schedule 20 (Contd.)

v)
Áca/ku dh jk; esa O;kikj dh lkekU; ifjfLFkfRk;ksa esa pkyw ifjlEifRr;ksa] v) In the opinion of the management, the value of Current Assets,
_.kksa RkFkk vfxzeksa dh olwy g®us okyh jkf'k ml ewY; ls de ugÈ g®xh Loans & Advances on realization in the ordinary course of business,
will not be less than the value at which these are stated in the
fTkldk mYys[k Rkqyu&i= esa fd;k x;k gS A Balance Sheet.
6- yk“&gkfu ys[kk
6. Profit & Loss Account
i) deZpkfj;ksa dk ikfjJfed RkFkk fgRk&ykHk esa 'kkfey gSa%
i) Employees’ Remuneration & Benefits includes:
ÁcaËk funs'kd ,oa QaD'kuy funs'kdksa dk ikfjJfed% Remuneration to Managing Director and Functional Directors :
¼djksM+ #i;s esa½ ( Rs. in Crore )
ÁcaËk funs'kd QaD'kuy funs'kd Managing Director Functional Directors
31-3-2009 31-3-2008 31-3-2009 31-3-2008 Year ended Year ended
d® lekIRk o"kZ d® lekIRk o"kZ d® lekIRk o"kZ d® lekIRk o"kZ 31.3.2009 31.3.2008 31.3.2009 31.3.2008

osRku]“Rrs o Salaries, Allowances &

“fo"; fufËk esa va'knku 0.25 0.21 1.04 0.87 Contribution to Provident Fund 0.25 0.21 1.04 0.87
minku 0.03 0.02 0.13 0.08 Gratuity 0.03 0.02 0.13 0.08
vuqyk“ RkFkk vU; Perquisites & Other
dY;k.k dk;ks± ij O;; 0.01 0.01 0.04 0.05 Welfare Expenses 0.01 0.01 0.04 0.05

;ksx 0.29 0.24 1.21 1.00 Total 0.29 0.24 1.21 1.00
ii) lfefr ds deZpkfj;ksa dk osru la'kksËku 1-1-2007 ls gksuk gSA osru ii) Salary Revision of the employees of the Society is due w.e.f.
la'kksËku ,xzhesaV ds yafcr gksus ds dkj.k vc 312-14 djksM+ #i;s dh 1.1.2007. Pending finalization of Salary Revision Agreement,
jkf'k dk izko/kku ¼igys gh nh tk pqdh 117-14 djksM+ #i;s dh jkf'k an amount of Rs. 312.14 crore (including payment of Rs. 117.14
lfgr½ vuqekfur vkËkkj ij 1-1-2007 ls 31-3-2009 rd dh vof/k ds crore already made) has been provided on an estimated basis
towards Employees Cost for the period from 01.01.2007 to
fy, deZpkjh ykxr gsrq fd;k x;k gSA 31.03.2009.
iii) bl o"kZ ds n©jku 36-98 djksM+ #i;s ¼xRk o"kZ 22-89 djksM+ #i;s½ dh
iii) Borrowing cost amounting to Rs.36.98 crore (Previous year
jkf'k d® mËkkjksas ij vkus okyh ykxRk esas iwaTkhÑRk fd;k x;k gSA Rs.22.89 crore) has been capitalized during the year.
iv) vewRkZ ifjlEifRr;ksa dk ifj'k®Ëku fuEu Ádkj ls fd;k x;k gS %
iv) The intangible assets are amortised as follows :
¼d½ Rkduhdh Kku 10 o"kZ
¼[k½ ykblsal 10 o"kZ (a) Technical Know-how 10 years
(b) Licenses 10 years
v) LV®lZ o Lis;lZ dh Lyks ;k ukWu&ewfoax enksa dks rduhdh vuqekuksa ds
vkËkkj ij vuqekfur olwyh ;ksX; ewY; ij ewY;kafdr fd;k x;k gS rkfd v) Items of Stores & Spares which are slow or non-moving are valued
muds iqjkus gksus vFkok ewY; esa vU; deh ds izHkko dks n'kkZ;k tk ldsA at estimated realisable value based on technical estimates to
reflect the impact of obsolescences or other diminuation in value.
vi)la;a=ksas dh deh'kfuax ds ifj.kkeLo:i tkjh dSVkfyLV vkSj jsftUl dks]
rduhdh :i ls vkdfyr mudh vuqekfur mi;ksxh thoukofËk ds vi) Catalysts and Resins issued subsequent to Commissioning of
the Plants are charged to revenue over their estimated useful
vuqlkj jkTkLo esa izHkkfjr fd;k x;k gSA mu enksa dks ftUgsa ifj;kstuk lives as technically assessed. Such issues prior to commissioning
O;; ds :Ik esa ekuk x;k gS] la;a= ds pkyw gksus ls igys fuekZ.k ij gksus being attributable to construction of the project are treated as
okys O;; dks fuekZ.kkËkhu vofËk ds nkSjku fy;k x;k gS A part of expenditure during construction period.
vii) ikjknhi bdkbZ esa vf/kx`ghr dh xbZ LFkk;h ifjlEifRr;ksa ij ewY;gzkl
vii) Depreciation on Fixed Assets taken over at Paradeep Unit have
dk izko/kku ifjlEifRr;ksa dh mi;ksxh thoukof/k ds vk/kkj ij LVªVs ykbu been provided at the rates on straight line method based on
eSFkM dh njksa ij fd;k x;k gS ftls izca/ku }kjk rduhdh ewY;kadu ds useful life of assets given below as per technical evaluation
vuqlkj fuEu izdkj ls vuqeksfnr fd;k x;k gS %& approved by the Management :-
la;a= vkSj e'khujh 14 o"kZ Plant and Machinery 14 years.
Hkou ¼QSDVªh½ 24 o"kZ Building (Factory) 24 years.
Hkou ¼ vU;½ 54 o"kZ Building (Others) 54 years.

7- Hkkjr ljdkj ls vFkZlgk;rk 7. Subsidy from Government of India.

i) ukbVªkt s hul moZjd Hkkjr ljdkj }kjk le;&le; ij ;Fkk vfËklwfpr i) Nitrogenous Fertilisers are under the Concession Scheme as
fj;k;r ;kstuk ds vUrxZr vkrs gSa A ukbVªkt s hul moZjdksa ij vFkZlgk;rk dk notified by Government of India (GOI) from time to time. The
fglkc] pkyw vofËk ds fy, bDosfVM HkkM+s lfgr] vfËklwfpr fj;k;r ewY; ds subsidy on Nitrogenous Fertilisers including Equated Freight for
the current period has been accounted for on the basis of Notified
vkËkkj ij yxk;k x;k gSA ftls mDr ;kstuk ds vËkhu fuËkkZfjr ;k vfËklwfpr Concession Price, further adjusted for input price escalation/ de-
ekunaMksa ds vkËkkj ij vknku ewY;ksa dh o`f)@deh ds fy, vkxs lek;ksftr escalation based on the norms prescribed or notified under the
dj fn;k tkrk gSA Hkkjr ljdkj }kjk vafre fj;k;r ewY; vkSj bDosfVM HkkM+k said scheme. On fixation of Final Concession Price and Equated
fuËkkZfjr dj fn;s tkus ds ckn iwoZ o"kksZa ds fy, lek;kstu] ;fn dksbZ gksxa ]s ml Freight by the GOI, necessary adjustments, if any, will be made in
o"kZ] ftlesa mDr ewY; fuËkkZfjr fd;k x;k gS] ds [kkrksa esa fd, tk,axAs the accounts for the year in which such price is fixed.

ii) QkLQsfVd moZjdksa ij fj;k;r dks Hkkjr ljdkj }kjk vfËklwfpr ii) Concession on Phosphatic Fertilisers has been accounted for based
ekfld njksa ds vkËkkj ij yxk;k x;k gSA tuojh] 2009 ls ekpZ] 2009 on monthly concession rate as notified by Government of India.
rd dh vofËk ds fy, ykxw ekfld fj;k;r njksa lacaËkh vfËklwpuk Pending notification of monthly concession rate applicable for the
108
vuqlwph 20 ¼tkjh½ Schedule 20 (Contd.)

yfEcr gksus ds dkj.k bldk fglkc Kkr uhfrxr ekunaMksa ds vuqlkj period January, 2009 to March, 2009, the same has been
vuqekfur vkËkkj ij yxk;k x;k gS A accounted for on an estimated basis in line with the known policy
parameters.
8- fons’kh eqnzk fofue;
8. Foreign Exchange Transactions
i½ fons'kh eqnzk fofue; esa gqbZ 148-84 djksM+ #i;s dh gkfu ¼fuoy½ dh jkf'k dks i) Amount of exchange loss (net) debited to Profit & Loss Account
¼xr o"kZ gq, 5-10 djksM+ #i;s½ dks ykHk&gkfu [kkrs esa ls ?kVk fn;k x;k gS A amounting to Rs. 148.84 crore (Previous year Rs. 5.10 crore).

ii½fons'kh eqnzk dh jkf'k ftldh MsfjosfVo baLVzweSaV~l ls ;k vU;Fkk gSftax ii) The amount of foreign currency exposure that are not hedged by
ughaa dh xbZ] 31-3-2009 dks 1712-70 djksM+ #i;s ¼xr o"kZ 976-66 djksM+ derivative instruments or otherwise as on 31.3.2009 is Rs. 1712.70
crore (Previous year Rs.976.66 crore).
#i;s½ gSA
9- vk;dj 9. Income Tax
i) pkyw dj i) Current Tax:
bl o"kZ vk;dj ns;rk dk izko/kku vkseku dh lYrur ds lkFk fd;s x;s The provision for the year's tax liability has been made after
MhVh,, ds vUrxZr feyus okys VSDl ØsfMV ,ykmal ds ykHkksa dks /;ku taking into consideration the benefit of deemed tax credit allowable
esa j[krs gq, fd;k x;k gSA under DTAA entered into with Sultanate of Oman.
ii) vkLFkfxRk dj
ii) Deferred Tax:
ys[kkadu ekud&22 ^^vk; ij djksa dk ys[kkadu** ds vuqlkj 7-93 In accordance with Accounting Standard-22 "Accounting for Taxes
djksM+ #i;s ¼xRk o"kZ 56-14 djksM+ #i;s½ dks pkyw o"kZ ds fy, izHkkj ds on Income", the Deferred Tax Liabilities (Net) of Rs. 7.93 crore
:i esa n'kkZ;k x;k gSA (Previous year Rs.56.14 crore) has been shown as charge for
current year.
vyx&vyx le; vUrjkyksa ds fy, dj ds izHkkoksa ds vkdyu ds fy, l`fTkRk
Major elements of deferred tax liabilities/ assets created for tax effects
vkLFkfxRk dj ns;Rkkvksa@ifjlEifRr;ksa ds izeq[k ?kVd fuEukuqlkj gSa % of timing difference are as under :-
(Rs.in Crore)
¼djksM+ #i;s esa½
As at As at
31 ekpZ] 2009 Rkd 31 ekpZ] 2008 Rkd 31.03.2009 31.03.2008
vkLFkfxRk dj ns;Rkk % ¼d½ Deferred Tax Liability:(A)
ewY;gzkl 614-15 607-07 Depreciation 614.15 607.07
vkLFkfxRk dj ifjlEifRr;ka % ¼[k½ Deferred Tax Assets:(B)
deZpkfj;ksa ds fy, lsokfuo`fRr yk“ gsrq izkoèkku 71-35 72-13 Provision for Employees'
lafnXËk _.kksa ds fy, ÁkoËkku 0-65 0-71 Retirement Benefits 71.35 72.13
Provision for Doubtful Debts 0.65 0.71
vU; 0-03 0-04 Others 0.03 0.04
;ksx 72-03 72-88 Total 72.03 72.88

vkLFkfxRk dj ns;Rkk ¼fuoy½ % ¼d&[k½ 542-12 534-19 Deferred Tax Liability (Net): (A-B) 542.12 534.19

10- deZpkfj;ksa dks ykHk 10. Employee Benefits

i) fu;kstu i'pkr~ ykHkksa vkSj nh?kZdkfyd deZpkjh i) The summarized position of Post-employment benefits and long term employee benefits
ykHkksa dh laf{kIr fLFkfr dks ykHk&gkfu [kkrs vkSj recognized in the Profit & Loss Account and Balance Sheet as required in accordance
rqyu i= esa ys[kkadu ekud&15 ¼la'kksfèkr½ dh with Accounting Standard - 15 (Revised) are as under:
vis{kkvksa ds vuqlkj fuEu izdkj ls n'kkZ;k x;k gS %
¼d½ ykHk vkSj gkfu [kkrs esa Mkys x;s O;; (a) Expenses Recognised in Profit & Loss Account
(Rs. in Crore)

As at 31.3.2009 As at 31.3.2008

Gratuity Leave Encashment/ Gratuity Leave Encashment/

Compensated Compensated
absences absences
Funded Unfunded Funded Unfunded

pkyw lsok ykxr Current Service Cost 11.31 11.75 10.32 10.58
C;kt ykxr Interest Cost 15.30 11.36 14.76 11.31
Iyku ifjlEifÙk;ks a ij la H kkfor Expected return on (16.25) — (9.33) —
Plan Assets
izfrykHk
Actuarial (Gain)/ Loss (1.59) — (1.11) —
Iyku ifjlEifÙk;ksa ij okLrfod on Plan Assets
¼ykHk½@gkfu Actuarial (Gain)/ Loss 10.36 3.69 2.74 (6.23)
nkf;Roksa ij okLrfod ¼ykHk½@gkfu on Obligations

¼ykHk½@gkfu [kkrs esa Mkyk x;k Total expense recognised 19.13 26.80 17.38 15.66
dqy O;; in Profit & Loss Account
109
 vuqlwph 20 ¼tkjh½ Schedule 20 (Contd.)
[k½ rqyu i= esa Mkyh x;h jkf'k (b) Amount recognized in the Balance Sheet
(Rs. in Crore)

As at 31.3.2009 As at 31.3.2008

Gratuity Leave Encashment/ Gratuity Leave Encashment/

Compensated Compensated
absences absences
Funded Unfunded Funded Unfunded

o"kZ ds var esa nkf;Roksa dk Estimated Present value of 251.46 186.54 218.61 162.09
orZeku vuqekfur ewY; obligations as at the end of
the year
o"kZ ds var esa Iyku ifjlEifÙk;ksa Fair value of Plan Assts as 230.41 — 170.79 —
dk mfpr ewY; at the end of the year
rqyu i= esa Mkyh x;h xSj&foÙk Unfunded Net Liability 21.05 186.54 47.82 162.09
iksf"kr fuoy ns;rk recognised in Balance Sheet

x½ nkf;Roksa ds orZeku ewY;ksa esa ifjorZu (c) Changes in the present value of the obligations
(Rs. in Crore)

As at 31.3.2009 As at 31.3.2008

Gratuity Leave Encashment/ Gratuity Leave Encashment/

Compensated Compensated
absences absences
Funded Unfunded Funded Unfunded

Present Value of Obligations at

o"kZ ds vkjEHk esa nkf;Roksa dk beginning of the year 218.61 162.09 193.70 148.45
orZeku ewY; Interest Cost 15.30 11.36 14.76 11.31
C;kt ykxr
orZeku lsok ykxr Current Service Cost 11.31 11.75 10.32 10.58
Hkqxrku fd;s x;s ykHk Benefits Paid (4.12) (2.35) (2.91) (2.02)
nkf;Roksa ij okLrfod gkfu@¼ykHk½ Actuarial loss/(gain) 10.36 3.69 2.74 (6.23)
on Obligations
o"kZ ds vUr esa nkf;Roksa dk orZeku ewY; Present Value of Obligations 251.46 186.54 218.61 162.09
at year end

?k½ Iyku ifjlEifRr;ksa ds mfpr ewY; esa ifjorZu (d) Changes in Fair Value of Plan Assets
(Rs. in Crore)
As at 31.3.2009 As at 31.3.2008

Gratuity Leave Encashment/ Gratuity Leave Encashment/

Compensated Compensated
absences absences
Funded Unfunded Funded Unfunded
o"kZ ds vkjaHk esa Iyku ifjlaifÙk;ksa dk Fair Value of Plan Assets at
mfpr ewY; the beginning of the year 170.79 — 99.26 —
Iyku ifjlEifÙk;ksa ij okLrfod izfrykHk Actual return on Plan Assets 17.84 — 10.44 —
fu;kstd dk va'knku Employer contribution 45.90 — 64.00 —
Hkqxrku fd;s x;s ykHk Benefits Paid (4.12) — (2.91) —
o"kZ ds var esa Iyku ifjlEifÙk;ksa dk Fair Value of Plan Assets at
mfpr ewY; the end of the year 230.41* --- 170.79* ----
*minku fuf/k;ksa dk izc/a k fofHkUu thou chek dEifu;ksa }kjk fd;k *Gratuity Funds are managed by various Life Insurance Companies. However, individual investment
tkrk gSA rFkkfi] Iyku ifjlEifÙk;ksa dk fuos'k vuqlkj vyx&vyx
wise details of Plan Assets are not provided by these companies.
fooj.k bu dEifu;ksa }kjk miyC/k ugha djk;k tkrkA
p½ Hkfo"; fuf/k U;kl ds fuos'kksa dk fooj.k (e) Investment Details of Provident Fund Trust

As at 31.3.2009 As at 31.3.2008

Amount % of Amount % of
Invested Investment Invested Investment
(Rs. in Crore) (Rs. in Crore)
Central Govt. Securities 157.63 23.25 129.07 21.92
dsUnz ljdkj dh izfrHkwfr;ka
jkT; ljdkj dh izfrHkwfr;ka State Govt. Securities 128.69 18.99 118.46 20.12
foÙkh; laLFkkvksa ds ckaM Financial Institutions Bonds 258.10 38.08 207.67 35.28
vkjchvkbZ Lis'ky tek jkf'k;ka RBI Special Deposits 133.38 19.68 133.38 22.68
110 ;ksx Total 677.80 100.00 588.58 100.00
vuqlwph 20 ¼tkjh½ Schedule 20 (Contd.)

N½ rqyu i= dh rkjh[k dks izeq[k okLrfod voèkkj.kk,a (f) Principal actuarial assumptions at the Balance Sheet Date (expressed as weighted
¼Hkkfjr vkSlr ds :i esa½ average).

As at 31.3.2009 As at 31.3.2008
Method used Projected Unit Credit Method Projected Unit Credit Method

fMLdkmaV nj Discount Rate 7.00% 7.50%

Iyku ifjlEifÙk;ksa ij izfrykHk Expected rate of return
dh laHkkfor nj on Plan Assets
- minku dks"k - Gratuity Fund 9.50% 9.40%
- Hkfo"; fuf/k dks"k - Provident Fund 8.00% 8.00%
osru o`f) dh laHkkfor nj Expected rate of Salary Increase 6.00%* 7.00%*
* eqnkz fLQrh] ofj"Brk] inksUufr vkSj vU; lEc) dkjdksa dks /;ku esa j[krs gq,A * Considered taking into account inflation, seniority, promotion and othe relevant factors.

Year ended 31.3.2009 Year ended 31.3.2008

t½ minku fuf/k dh Iyku ifjlEifÙk;ksa ij okLrfod (g) Actual Return on Plan 8.92% 9.40%
Assets of Gratuity Fund
izfrykHk
(i) o"kZ ds nkSjku lfefr }kjk Hkfo"; fuf/k ;kstuk esa (i) The Society’s contribution to Provident Fund Scheme recognised as expense
fd;k x;k va'knku fuEu izdkj gS %& for the year are as under:
(Rs.in Crore)
Year ended 31.3.2009 Year ended 31.3.2008

-
Hkfo"; fuf/k esa va'knku - Contribution to Provident Fund 22.16 17.16
-
is'a ku fuf/k esa va'knku - Contribution to Pension Fund 4.25 4.32
-
Hkfo"; fuf/k U;kl dh ifjlEifRr;ksa ds mfpr ewY; - Liability recognised on account of Shortfall 1.80 2.57
vkSj Hkfo"; fuf/k U;kl ds nkf;Roksa ds orZeku ewY; between Fair Value of PF Trust Assets and
ds chp dh deh dh ns;rk Present Value of Obligations of the PF Trust
11- vkijsÇVx yhTk 11. Operating Lease
lfefRk dh egRoiw.kZ yhÇTkx O;oLFkk,a deZpkfj;ksa }kjk bLR®eky The Society's significant leasing arrangements are in respect of
dh Tkkus okys vkoklh; ifjljksa v©j dk;kZy; ifjljksa dh Operating Lease of premises for offices of the Society and residential
vkijsfVax yhTk ds lacaËk esa gSaA bu yht djkjksa dks vkerkSj ij use of employees. These leasing agreements are usually renewable
ikjLifjd lger 'krksZa ds vk/kkj ij uohd`r fd;k tkrk gS on mutually agreed terms but are cancelable. These payments are
ijUrq bUgsa jn~n Hkh fd;k tk ldrk gSA bu Hkqxrkuksa dks shown in Schedule-17 as 'Rent, Rates and Taxes'.
vuqlwph&17 esa *fdjk;k vkSj dj* ds :Ik esa n'kkZ;k x;k gS A
12. Segment Reporting
12- lsxesaV fji®fV±x
d½ Ákbejh lsxesaV a) Primary Segment
lfefRk ds dk;Z O;kikj dk ÁcaËk o Ápkyu mRiknksa dh The Society's operating business are organised and managed
ÁÑfRk ds vuqlkj vyx&vyx fd;k TkkRkk gS v©j ÁR;sd separately according to the nature of products, with each segment
lsxesVa d® fofHké mRiknksa ds fy, O;kkikj dk ,d vax representing a business unit that offers different products. The two
ekuk TkkRkk gSA n® lsxesVa ksa dh igpku dh xbZ gS Tk® identified segments are 'Urea' and 'NPK/DAP', while the third segment
*;wfj;k* v©j *,uihds@Mh,ih* ds :i esa gS Tkcfd Rkhljk
lsxesVa *vU;* gS fTklesa eq[; :i ls vk;kfRkRk Mh,ih] 'Others' mainly consist of traded products i.e. Imported DAP, Urea,
vk;kfRkRk ;wfj;k] ve®fu;k RkFkk ns'kh chTk v©j jlk;u®a Ammonia and Indigenous Seeds & Chemicals. Corporate income and
dk O;kikj 'kkfey gSA dkji®jsV vk; v©j O;; fTklesa expenses including interest are considered as part of unallocable
vYi vofËk C;kTk Hkh 'kkfey gS] d® xSj&vkoafVRk vk; income and expenses which are not identifiable to any business
v©j O;; dk fgLlk ekuk x;k gS] D;ksfa d bls fdlh Hkh segment.
O;kikj lsxesVa esa ugÈ Mkyk Tkk ldRkkA ( Rs. in Crore )

fooj.k Particulars Manufactured Fertilisers

UREA NPK/DAP Others Total
Year ended Year ended Year ended Year ended
31.03.09 31.03.08 31.03.09 31.03.08 31.03.09 31.03.08 31.03.09 31.03.08
jkTkLo Revenue
fcØh Sales 1,878 1,825 2,311 3,049 3,199 1,094 7,388 5,968
“kjRk ljdkj ls Subsidy from
ÁkIRk vFkZ lgk;Rkk Govt. of India 3,981 2,884 10,838 3,000 10,727 310 25,545 6,194
vU; jkTkLo Other Revenue 17 41 23 10 26 — 67 51
dqy jkTkLo ¼d½ Total Revenue (A) 5,876 4,750 13,172 6,059 13,952 1,404 33,000 12,213
Ápkyu O;; Operating Expenses
ÁR;{k O;; Direct Expenses 5,050 3,872 11,513 5,702 14,310 1,272 30,873 10,846
vkoafVr O;; Allocated Expenses 234 219 325 318 — — 559 537
dqy Ápkyu Total Operating
O;; ¼[k½ Expenses (B) 5,284 4,091 11,838 6,020 14,310 1,272 31,432 11,383
lsxesaVy Ápkyu Segmental Operating
vk; ¼d&[k½ Income (A-B) 592 659 1,334 39 (358) 132 1,568 830
xSj vkoafVRk O;; Unallocated Expenses 414 364
111
 vuqlwph 20 ¼tkjh½ Schedule 20 (Contd.)

fooj.k Particulars Manufactured Fertilisers

UREA NPK/DAP Others Total
Year ended Year ended Year ended Year ended
31.03.09 31.03.08 31.03.09 31.03.08 31.03.09 31.03.08 31.03.09 31.03.08

Ápkyu vk; Operating Income 1,154 466

tksM+sa % ykHkka’k dh vk; Add: Dividend Income 274 133
tksM+sa % fuos’kksa dh fcØh Add: Profit on sale
ij ykHk of investments — 115
tksM+sa % vU; vk; Add: Other Revenue 36 29
tksM+sa % C;kt vk; Add: Interest Income 166 27
?kVk,a% C;kt O;; Less: Interest Expense (1,023) (389)
?kVk,a% fuos'kksa ds ewY; esa deh@fcØh Less: Loss on Sale/Diminution
ij gqbZ gkfu in the value of Investments (165) —
dj iwoZ ykHk Profit before Tax 442 381
vk;dj ¼fuoy½ Income Tax (Net) 82 123
fuoy yk“ ¼dj i'pkr½ Net Profit (After Tax) 360 258
fu;®fTkRk iwaTkh Capital Employed
lsxesaV ifjlEifRr;ka Segment Assets 4,102 3,849 7,117 5,784 333 59 11,552 9,692
xSj vkoafVRk Unallocated
dkji®jsV ifjlEifRr;ka Corporate Assets 8,935 2,679
dqy ifjlEifRr;ka Total Assets 20,487 12,371
lsxesaV nsunkfj;ka Segment Liabilities 475 421 3,314 2,363 — — 3,789 2,784
xSj vkoafVRk dkji®jsV Unallocated Corporate
nsunkfj;ka Liabilities 12,739 5,898
dqy nsunkfj;ka Total Liabilities: 16,528 8,682
vU; lwpuk Other Information:
iwaTkhxRk O;; Capital Expenditure 200 330 482 234 — — 682 564
xSj vkoafVRk iwaTkhxRk Unallocated Capital
O;; Expenditure — — — — 27 21 27 21
ewY;gzkl@veksVkZbts’ku Depreciation/ Amortisation 183 173 276 231 — — 459 404
xSj vkoafVRk ewY;gzkl@ Unallocated Depreciation/
veksVkZbts’ku Amortisation — — — — 11 10 11 10
ewY;gzkl dks NksM+dj Non Cash Expenses
xSj udn O;; other than Depreciation 4 4 13 6 1 — 18 10

[k½ lSds.Mjh lsxesaV fjiksfVZax ¼T;ksxzkfQdy lsxesaV½ b) Secondary Segment Reporting (by Geographical Segments)
The following is the distribution of the Society's consolidated revenue
lfefr ds lesfdr jktLo ds forj.k] T;ksxzkfQdy ekdsZV }kjk] Hkys gh by geographical markets regardless of where the goods were
lkexzh dk mRiknu dgha Hkh gqvk gks] lacËkh fooj.k fuEukuqlkj gS % produced.
¼djksM+ #i;s esa½ (Rs. in Crore)
orZeku o"kZ xr o"kZ Current Year Previous Year
?kjsyw cktkj ls vk; 32,799 11,973 Revenue from Domestic Market 32,799 11,973
fons’kh cktkj ls vk; 134 190 Revenue from Overseas Market 134 190
;ksx 32,933 12,163 Total 32,933 12,163
?kjsyw cktkj ,oa fons’kh cktkj ds fy, dEiuh dh ifjlEifRr;ka ogh gSaS The Company has comman assets for producing goods for Domestic
blfy,] ifjlEifRr;ksa@LFkkbZ ifjlEifRr;ksa ds fy, vyx vkadM+ksa dk irk Markets and Overseas Markets. Hence, separate figure for assets/
addition to fixed assets can not be ascertained.
ugha yxk;k tk ldrk A
13- lEc) ikfVZ;ksa ds ckjs esa fooj.k 13. Related Party Disclosures
lEc) ikfVZ;ksa dh lwph List of Related Parties
¼d½ mPp ÁcaËku oxZ (A) Key Management Personnel
MkW- mn; 'kadj voLFkh & ÁcaËk funs'kd
Dr. U.S. Awasthi - Managing Director
Jh n;k Ñ".k “Í & mi ÁcaËk funs'kd&lg&foi.ku funs'kd Mr. D.K. Bhatt - Dy. M.D.- cum-Marketing Director
Jh jkds'k diwj & mi ÁcaËk funs'kd Mr. Rakesh Kapur - Dy. Managing Director
Jh oh ds ckyh & funs’kd ¼rduhdh½ Mr. V.K. Bali - Director (Technical)
Jh ,l ds feJk & funs’kd ¼,pvkjMh½ Mr. S.K. Mishra - Director (HRD)
Jh ds ,y flag & funs’kd ¼la;qDr m+n~;e½ Mr. K.L. Singh - Director (Joint Ventures)
MkW- th ,u lDlSuk & funs’kd ¼lgdkfjrk fodkl½ Dr. G.N. Saxena - Director (Cooperative Development)

112
vuqlwph 20 ¼tkjh½ Schedule 20 (Contd.)

¼[k½ lfClfM;jh dEifu;ka (B) Subsidiary Companies

& bQd® V®D;® Tkujy ba'k®jsal daiuh fyfeVsM - IFFCO-Tokio General Insurance Company Ltd.
& fdlku bUVjus'kuy VsªÇMx ,QT©MbZ - Kisan International Trading FZE
& bQdks fdlku cktkj fyfeVsM - IFFCO Kisan Bazar Ltd.
& baM® bfTkfI'k;u QfVZykbTkj daiuh] ,l,bZ - Indo Egyptian Fertilizers Company, SAE
& bQd® NRrhlx<+ ikoj fyfeVsM - IFFCO Chhattisgarh Power Ltd.
& bQdks fdlku lapkj fyfeVsM - IFFCO Kisan Sanchar Ltd.
& tksMZu bafM;k QfVZykbtj dEiuh] ,y-,y-lh - Jordan India Fertiliser Co., L.L.C.
& bQdks fdlku ,lbZtSM fyfeVsM - IFFCO Kisan SEZ Ltd.
QSyks lfClfM;jh Fellow Subsidiary
& bQd® V®D;® ba'k®jsal lfoZflTk fyfeVsM - IFFCO-Tokio Insurance Services Ltd.
& ckbfyl tujsVlZ fyfeVsM - Baylis Generators Ltd.
¼x½ la;qDr m|e (C) Joint Ventures
& baMLVªht f'kfed Mw flusxy - Industries Chimique du Senegal
& vkseku bafM;k QfVZykbtj dEiuh ,l-,-vks-lh - Oman India Fertilizer Company, S.A.O.C.

¼?k½ vU; lEc) ikfVZ;ka (D) Associates

- Indian Potash Ltd.
& bafM;u i®Vk'k fyfeVsM
& bafM;u QkeZ QkjsLVªh MsoyiesaV d®vkijsfVo fyfeVsM - Indian Farm Forestry Development Cooperative Ltd.
& lgdkjh xzkeh.k fodkl U;kl - Cooperative Rural Development Trust
& bQdks fdlku lsok VªLV - IFFCO Kisan Sewa Trust
& bQd® QkmaMs'ku - IFFCO Foundation
& ÝhIys ,uthZ bafM;k izk0 fyfeVsM - Freeplay Energy India Pvt. Ltd.
& vfj;k dSfedYl ¼mfM+lk½ fyfeVsM - Aria Chemicals (Orissa) Ltd.
lEc) ikfVZ;ksa ls ysu&nsu Transactions with Related Parties ( Rs. in Crore )

fooj.k Particulars Associates Joint Ventures Subsidiary Fellow Key Management

Period ended Period ended Companies Subsidiary Personnel
Period ended Period ended Period ended
31.03.09 31.03.08 31.03.09 31.03.08 31.03.09 31.03.08 31.03.09 31.03.08 31.03.09 31.03.08

fd;k x;k fuos'k Investments made 9.22 3.50 — — 215.11 34.84 — — — —

ÁkI; jkf'k Amount Receivable 24.56 1.47 10.20 6.34 64.83 12.65 –– — –– —
cdk;k _.k Loan Outstanding 26.43 — 81.20 59.96 — — — — — —
lkofËk Tkek ds :i esa ÁkIRk Received as Fixed Deposit — 1.50 — — 0.27 — 0.30 — — —
“qxRkku ;®X; jkf'k Amount Payable 689.56 1.22 35.75 –– 1156.15 0.33 — — — —
dPps eky dh [kjhn Purchase of Raw materials 1537.21 733.87 1119.54 469.58 2583.91 1,294.58 — — — —
R©;kj eky dh [kjhn Purchase of Finished Goods — — 29.79 66.32 3190.20 615.18 — — — —
lsokvksa ds fy, “qxRkku Payment for Services 0.93 — –– –– 68.83 46.60 — — — —
C;kTk dk “qxRkku Interest Paid 0.09 0.86 — — 12.73 — 0.01 — — —
ÁcaËkdh; ikfjJfed Managerial Remuneration — — — — –– — –– –– 1.50 1.24
R©;kj eky dh fcØh Sale of Finished Goods 407.25 179.73 — — 134.20 190.00 — — — —
lsokvksa ds fy, ÁkIRk jkf'k Receipt for Services 1.34 — 18.78 15.02 –– — — — — —
izkIr fd;s x;s nkos Claims Received — — –– –– 29.72 10.99 — — — —
ÁkIRk fd;k x;k fdjk;k Rent Received — 0.11 –– –– 3.26 3.07 — — — —
Hkqxrku fd;k x;k fdjk;k Rent Paid — –– — –– 0.53 –– — — — —
yk“ka'k vk; Dividend Income 0.87 0.87 245.55 111.98 27.81 18.53 — — — —
ÁkIRk C;kTk Interest Received 2.13 — 1.55 6.35 –– — — — — —
fn;k x;k vuqnku Grants Given 4.14 3.43 –– –– –– — — — — —

14- la;qDRk m|eksa esa lfefRk ds fgRk dh foRrh; fji®fV±x 14. Financial Reporting of Interest in Joint Ventures
31-3-2009 ds vuqlkj fuEufyf[kr la;qDr fu;U=.k okyh daifu;ksa esa lfefr Investments include Rs.409.45 crores (Previous year Rs.490.61 crore)
ds fgr dks n'kkZus okys fuos'k esa 409-45 djksM+ #i;s ¼xr o"kZ 490-61 djksM+ representing Society's interest in the following jointly controlled entities
as at 31.3.2009.
#i;s½ dh jkf'k 'kkfey gS A
dEiuh dk uke Name of the Company Contribution Country of %age holding
towards Equity Residence of IFFCO
(Rs. crores)

¼d½ vkseku bafM;k QfVZykbtj dEiuh ,l,vkslh a) Oman India Fertilizer Company, S.A.O.C. 329.08 Oman 25.00
¼[k½ baMLVªht f'kfed Mw flusxy b) Industries Chimique Du Senegal 80.37 Senegal 18.54
113
 vuqlwph 20 ¼tkjh½ Schedule 20 (Contd.)

baMLVªht f'kfed Mw flusxy dk o"kZ 2008 dk foRrh; fooj.k xSj&ys[kk The financial data in respect of ICS, Senegal for the year 2008 is
ijhf{kr [kkrksa ij vk/kkfjr gS A based on Unaudited Accounts.

la;qDRk :i ls fu;af=r dEifu;ksa esa lfefRk ds fgr ls lacaf/kr ifjlEifRr;ksa] The aggregate amount of each of the Assets, Liabilities, Income and
Expenses related to interest of the Society in the jointly controlled
ns;Rkkvksa] vk; v©j O;;] izR;sd dk fooj.k fuEu Ádkj gS % entities are as under :

ifjlEifRr;ka ,oa ns;Rkk,a ASSETS & LIABILITIES

¼djksM+ #i;s esa½ (Rs.in Crore)

31-3-2009 d® 31-3-2008 d® As at 31.3.2009 As at 31.3.2008

ns;Rkk,a Liabilities
'®;j iwaTkh 438 515 Share Capital 438 515
vkjf{kRk ,oa vfËk'®"k 188 ¼169½ Reserves & Surplus 188 (169)
_.k fufËk;ka 769 699 Loan Funds 769 699
Current Liabilities & Provisions 277 289
oRkZeku ns;Rkk,a ,oa izkoËkku 277 289
;®x 1,672 1,334 Total 1,672 1,334

ifjlEifRr;ka
Assets
fuoy LFkkbZ ifjlEifRr;ka lhMCY;wvkbZih lfgRk 1171 1027
Net Fixed Assets including CWIP 1171 1027
pkyw ifjlEifRr;ka] _.k o vfxze 501 307 Current Assets, Loans & Advances 501 307

;®x 1,672 1,334 Total 1,672 1,334

vk; o O;; INCOME & EXPENSES

¼djksM+ #i;s esa½ (Rs. in Crore)
31-3-2009 31-3-2008 Year ended Year ended
d® lekIr o"kZ d® lekIr o"kZ 31.3.2009 31.3.2008
vk; Income
Ápkyu ls vk; 733 465 Income from Operations 733 465
vU; vk; 28 71 Other Income 28 71

dqy vk; 761 536 Total Income 761 536

O;; Expenses
Ápkyu O;; 415 315 Operating Expenses 415 315
Non Operating Expenses 57 91
xSj izpkyu O;; 57 91
dqy O;; 472 406 Total Expenses 472 406

dj iwoZ yk“@¼gkfu½ 289 130 Profit / (Loss) before Tax 289 130
dj ds fy, ÁkoËkku ¼10½ ¼8½ Provision for Tax (10) (8)

dj i'pkRk yk“@¼gkfu½ 279 122 Profit / (Loss) after Tax 279 122

15- ÁfRk '®;j vTkZu 15. Earning per Share

ÁfRk '®;j vTkZu dk fglkc ys[kkadu ekud&20 ds vuq:i cgqjkT; lgdkjh Earning per share has been computed in accordance with Accounting
l®lk;Vh vfËkfu;e] 2002 ds vuq l kj fuoy ykHk d® bl vofËk ds fy, Standard-20 by dividing Net Profit as per Multi-State Cooperative
Societies Act, 2002 by the weighted average number of shares
'®;jks a dh HkkfjRk v©lRk la [ ;k ls Hkkx djds fudkyk x;k gS Tk® fuEu outstanding for the period as under :
Ádkj gS %

fooj.k d® lekIRk o"kZ Particulars Year ended Year ended

31.3.2009 31.3.2008
31-3-2009 31-3-2008
dj&i'pkr fuoy yk“ ¼djksM+ #i;s½ 360 258 Net Profit after Tax (Rs.crore) 360 258

'®;jksa dh “kfjRk v©lRk la[;k ¼la0½ 42,69,036 42,30,609 Weighted average number
of shares (Nos.) 42,69,036 42,30,609
#i;s esa fy;k x;k ÁfRk '®;j
Nominal Value per Share
u‚feuy ewY; 1,000 1,000
considered at Rupees 1,000 1,000
ÁfRk '®;j csfld RkFkk Mk;ywfVM vfu±x ¼#0½ 843 610
Basic & Diluted Earning Per Share (Rs.) 843 610

114
vuqlwph 20 ¼tkjh½ Schedule 20 (Contd.)

16- ÁkoËkku 16. Provisions

31-3-2009 Rkd ys [ kkvks a es a n'kkZ , x, fofHké ÁkoËkkuks a dh fLFkfRk The status of various provisions shown in the accounts as on
fuEukuq l kj gS a % 31.3.2009 is as under:-

¼djksM+ #i;s esa½ (Rs. in Crore)

fooj.k 1-4-2007 o"kZ ds n©jku mi;ksx dh 31-3-2008 Particulars As on Provided during Amount As on
d® miyC/k djkbZ x;h jkf'k d® 1.4.2008 the year Used 31.3.2009
xbZ jkf'k
“wfe dk eqvkoTkk 2-53 0-09 & 2-62 Land Compensation 2.53 0.09 — 2.62

17- LFkk;h ifjlEifRr;ksa dk foPNsnu 17. Impairment of Assets

ifjlEifRr;ksa ds foPNsnu ds lacaËk esa ys[kkadu ekud ¼,,l&28½ ds vuqlkj In accordance with the Accounting Standard (AS-28) on Impairment
of Assets, the society has assessed as on the balance sheet date,
lfefr us rqyu i= dh rkjh[k dks ;g vkdyu fd;k gS fd D;k fdlh
whether there are any indications (listed in paragraphs 8 to 10 of the
ifjlEifRr ds foPNsnu ds lacaËk esa dksbZ ladsr miyCËk gSa ¼ekud ds iSjk Standard) with regard to the impairment of any of the assets. Based
8 ls 10 rd lwphc)½A mDr vkdyu ds vkËkkj ij ;g fu.kZ; fd;k x;k on such assessment, it has been ascertained that no potential loss is
gS fd ekStwnk le; esa laHkkfor gkfu ughaa gS vkSj blfy,] olwyh ;ksX; jkf'k present and therefore, formal estimate of recoverable amount has
dk vkSipkfjd vuqeku ugha yxk;k x;k gS A rnuqlkj] [kkrksa esa foPNsnu not been made. Accordingly, no impairment loss has been provided
in the books of account.
gkfu dk izkoËkku ugha fd;k x;k gSA
18- ekbØks] y?kq vkSj e/;orhZ miØeksa ds lkFk ysu&nsu 18. Transactions with Micro, Small and Medium Enterprises

lfefr ds ikl miyC/k tkudkjh ds vuqlkj] ^ekbØks] y?kq vkSj e/;orhZ

Based on the information available with the Society, there is no
miØe fodkl vfËkfu;e] 2006* ds varxZr iathd`r ekbØks] y?kq vkSj outstanding dues for the Suppliers/ Contractors Service Providers,
eË;orhZ miØeksa ds vkiwfrZdrkZvksa@lafonkdkjksa] lsok iznkrkvksa dh dksbZ who are registered as Micro, Small or Medium Enterprises under
cdk;k jkf'k;ka ugha gSaA "Micro, Small and Medium Enterprises Development Act, 2006".

19- vk;kRk ewY; ¼ykxRk] chek o “kM+k vkËkkj ij½ 19. Value of Imports (C.I.F. Basis)

¼djksM+ #i;s esa½ (Rs.in Crore)

31 ekpZ] 2009 31 ekpZ] 2008 Year ended Year ended
31.3.2009 31.3.2008
dks lekIr o"kZ dks lekIr o"kZ
dPpk eky 9,718.88 4,029.62 Raw Materials 9,718.88 4,029.62
Lis;lZ ikV~lZ RkFkk dSVkfyLV 29.74 26.85 Spare Parts & Catalysts 29.74 26.85
iwaTkhxRk eky 7.84 100.30 Capital Goods 7.84 100.30
R©;kj eky 12,997.76 681.50 Finished Goods 12,997.76 681.50

;ksx 22,754.22 4,838.27 Total 22,754.22 4,838.27

20- fons'kh eqæk esa fd;k x;k O;; 20. Expenditure in Foreign Currency

fons'kh vuqca/kksa ij 4.05 4.34

On Overseas Contracts 4.05 4.34
;k=k O;; 2.48 2.82 Travelling expenses 2.48 2.82
bZlhch _.k@ck;lZ ØsfMV ij C;kt 112.40 107.97 Interest on ECB Loans / Buyers Credit 112.40 107.97
vU; 4.64 5.35 Others 4.64 5.35

;ksx 123.57 120.48 Total 123.57 120.48

21- fons'kh eqæk dk vTkZu 21. Earning in Foreign Currency

R©;kj eky dh VªsfMax 134.20 190.00 Trading of Finished Goods 134.20 190.00
yk“ka'k vk; 273.36 124.12 Dividend Income 273.36 124.12
vU; 18.79 15.00 Others 18.79 15.00

;ksx 426.35 329.12 Total 426.35 329.12

22- ys[kkijh{kdksa dk ikfjJfed 22. Auditors’ Remuneration
¼;Fkk ykxw lsok dj lfgr½ (Including Service Tax as applicable)
ys[kkijh{kk 'kqYd ¼fons'kh czkap lfgRk½ 0.30 0.30 Audit fee (including a Foreign Branch) 0.30 0.30
dj ys[kkijh{kk 'kqYd 0.04 0.04 Tax Audit fee 0.04 0.04
vU; :i esa 0.07 0.06 In other capacity 0.07 0.06

;ksx 0.41 0.40 Total 0.41 0.40

115
 vuqlwph 20 ¼tkjh½ Schedule 20 (Contd.)

23- {kerk] mRiknu] VªsfMM mRiknksa dh [kjhn] 23. Capacity, Production, Purchases of Traded Products, Sales, Closing Stock and Consumption
fcØh bfr LVkd rFkk dPps eky dh [kirA of Raw Materials.
i½ ykblsaLM rFkk LFkkfir {kerk,a vkSj mRiknu i) Licensed & Installed Capacities and Production
%
(Qty.LMTs)
fooj.k Particular Year Ended 31st March, 2009 Year Ended 31st March, 2008
Licensed Installed Production Licensed Installed Production
Capacity Capacity Capacity Capacity

ve®fu;k Ammonia 24.87 24.87 23.56 21.90 21.90 22.91

;wfj;k Urea 42.42 42.42 40.68 36.89 36.89 39.63
QkLQsfVd moZjd Phosphatic Fertilisers
¼ih2v®5 ds :i esa½ (in terms of P2O5) N.A. 17.85 9.32 N.A. 17.85 9.94
lYQ~;wfjd ,flM Sulphuric Acid N.A. 23.10 12.68 N.A. 23.10 11.23
QkLQ®fjd ,flM Phosphoric Acid N.A. 8.75 3.91 N.A. 8.75 3.54

ii½ iqu% fcØh ds fy, [kjhnk x;k eky ii) Purchase of Goods for re-sale

Year Ended 31st March,2009 Year Ended 31st March,2008

Quantity Amount Quantity Amount
(LMT) (Rs.in Crore) (LMT) (Rs.in Crore)

v®ebQd® ;wfj;k OMIFCO Urea 9.55 508.69 9.76 443.67

vk;kfRkRk ;wfj;k Imported Urea 7.82 417.89 5.36 243.22
vk;kfRkRk Mh,ih@,e,ih Imported DAP/MAP 23.26 13527.97 2.19 485.11
ve®fu;k Ammonia 0.70 78.73 1.66 66.32
chTk RkFkk jlk;u Seeds and Chemicals — 5.95 — 7.12

;®x Total 41.33 14,539.23 18.97 1,245.44

iii½ fcØh iii) Sales

Year Ended 31st March,2009 Year Ended 31st March,2008

Quantity Amount* Quantity Amount*
(LMT) (Rs.in Crore) (LMT) (Rs.in Crore)

R©;kj fd;s x;s mRikn Manufactured Products

;wfj;k Urea 40.71 5,858.65 39.66 4,587.25
,uihds 10%26%26 NPK - 10:26:26 10.76 4,650.82 9.31 1,538.98
,uihds 12%32%16 NPK - 12:32:16 5.51 2,318.35 8.83 1,384.96
Mh,ih 18%46%0 ¼dkaMyk½ DAP - 18:46:0 (Kandla) 1.98 855.21 6.80 1,181.86
Mh,ih 18%46%0 ¼ikjknhi½ DAP - 18:46:0 (Paradeep) 4.65 2,587.66 6.95 1,516.97
,uihds 20%20 NPK - 20:20 8.20 2,601.67 4.05 445.03
,e,ih MAP 0.25 132.53 0.48 103.53
mi&mRikn By-Products –– 1.48 –– ––

mi ;®x % Sub Total 72.06 19,006.37 76.08 10,758.58

csps x;s mRikn Traded Products

ve®fu;k Ammonia 0.70 134.21 1.66 189.99
v®ebQd® ;wfj;k Omifco Urea 10.19 553.20 9.41 433.71
vk;kfRkRk ;wfj;k Imported Urea 7.79 433.58 5.22 241.00
vk;kfRkRk Mh,ih@,e,ih Imported DAP/MAP 22.54 12,799.04 2.36 512.11
vk;kfRkRk ,evksih Imported MOP –– –– 0.16 19.00
chTk RkFkk jlk;u Seeds and Chemicals — 6.90 — 8.43

mi ;®x % Sub Total 41.22 13,926.93 18.81 1,404.24

dqy ;®x Grand Total 113.28 32,933.30 94.89 12,162.82

*fcØh esa vFkZ lgk;Rkk 'kkfey gSA *Sales includes Subsidy.

116
vuqlwph 20 ¼tkjh½ Schedule 20 (Contd.)

iv½ R©;kj eky ds LVkd dk fooj.k iv) Stock particulars of Finished Goods

fooj.k Particulars Year Ended 31st March,2009 Year Ended 31st March,2008
Quantity Amount Quantity Amount
(LMT) (Rs.in Crore) (LMT) (Rs.in Crore)

;wfj;k Urea 0.74 24.56 0.77 23.14

,uihds 10%26%26 NPK - 10:26:26 0.07 20.06 0.43 29.49
,uihds 12%32%16 NPK - 12:32:16 0.03 2.80 0.16 12.90
Mh,ih 18%46%0 ¼daMyk½ DAP - 18:46:0 (Kandla) 0.07 30.44 0.19 24.76
Mh,ih 18%46%0 ¼ikjknhi½ DAP - 18:46:0 (Paradeep) 0.01 0.02 0.25 22.47
,uihds 20%20 NPK - 20:20 0.53 52.13 0.03 1.92
v®ebQd® ;wfj;k Omifco Urea 0.45 19.27 1.15 49.90
vk;kfRkRk ;wfj;k Imported Urea 0.17 7.45 0.18 7.96
vk;kfRkRk Mh,ih Imported DAP 1.46 292.23 0.01 1.68
vk;kfRkRk ,evksih Imported MAP 0.01 0.25 — —
chTk RkFkk jlk;u Seeds and Chemicals — 0.14 — 0.02
;®x Total 3.54 449.34 3.17 174.24

v½ dPps eky dh [kiRk v) Raw Material Consumption

Year Ended 31st March, 2009 Year Ended 31st March,2008

fooj.k Particulars Unit Quantity Amount Quantity Amount
(Rs. in Crore) (Rs.in Crore)

ÁkÑfRkd xSl Natural Gas Million SM3 352.43 166.59 360.96 163.96
vkj&,y,uTkh R-LNG Million SM3 1,376.62 2,035.65 1,411.41 1,642.71
ih,eVhTkh PMTG Million SM3 283.64 355.06 210.76 162.34
uS¶Fkk Naphtha LMT 2.90 1,032.24 2.10 720.48
QkLQ®fjd ,flM Phosphoric Acid LMT 4.75 3,848.12 6.28 1,493.42
ve®fu;k Ammonia LMT 5.52 1,128.54 5.23 710.75
i®Vk'k Potash LMT 6.12 1,436.00 5.65 617.83
;wfj;k Urea LMT 0.54 165.51 0.31 44.47
fQYyj Filler LMT 0.51 0.79 0.66 0.91
j‚d QkLQsV Rock Phosphate LMT 17.73 1,680.31 16.41 600.22
lYQj Sulphur LMT 4.19 1,190.80 3.69 312.56
lYQ;wfjd ,flM Sulphuric Acid LMT 3.95 137.27 2.88 53.42
,e,ih MAP LMT 1.37 820.34 0.80 123.37

;®x Total 13,997.22 6,646.44

24. fo|qr rFkk b±/ku dh [kir 24. Power and Fuel Consumption

fooj.k Particulars Unit Year Ended Year Ended

31-3-2009 31-3-2008

i) fo|qRk i) Electricity
d½ [kjhnh xbZ a) Purchased
;wfuV Units Mwh 1,30,748 1,52,538
dqy jkf'k Total amount Rs.Crore 44.01 84.37
nj@;wfuV Rate / Unit Rs./Kwh 3.37 5.53

[k½ Lo;a mRikfnRk b) Own Generation

TksujsVj }kjk Through Generator
d®;yk Coal
;wfuV Units Mwh 3,72,184 3,40,181
dqy ykxRk Total Cost Rs. Crore 38.05 36.27
;wfuV izfr eh Vu d®;yk Units per MT of Coal Kwh 1.26 1.10
ÁfRk ;wfuV ykxRk Cost per Unit Rs./kwh 1.02 1.07

,y,l,p,l LSHS
;wfuV Units Mwh 96,204 1,02,894
dqy ykxRk Total Cost Rs. Crore 6.42 15.19
ÁfRk eh0 Vu ,y,l,p,l ls ;wfuVsa Units per MT of LSHS Kwh 18.20 5.65
ÁfRk ;wfuV ykxRk Cost per Unit Rs./Kwh 6.70 1.48

117
 vuqlwph 20 ¼tkjh½ Schedule 20 (Contd.)

fooj.k Particulars Unit Year Ended Year Ended

31-3-2009 31-3-2008
2007-08
xSl&,uTkh Gas-NG
;wfuV Units Mwh 82,645 86,719
dqy ykxRk Total Cost Rs. Crore 8.26 8.97
3
000,l,e3 xSl dh ;wfuVsa Units per 000SM of Gas Kwh 21.56 22.92
ÁfRk ;wfuV ykxRk Cost per Unit Rs./Kwh 1.00 1.03

xSl&vkj,y,uTkh Gas - RLNG

;wfuV Units Mwh 2,77,562 2,64,697
dqy ykxRk Total Cost Rs. Crore 70.65 48.60
3
000,l,e3xSl dh ;wfuVsa Units per 000SM of Gas Kwh 5.39 6.12
ÁfRk ;wfuV ykxRk Cost per Unit Rs./Kwh 2.55 1.84

xSl&ih,eVhTkh Gas - PMTG

;wfuV Units Mwh 37,674 40,814
dqy ykxRk Total Cost Rs. Crore 3.76 4.22
000,l,e3 xSl ls ;wfuVsa Units per 000SM3 of Gas Kwh 4.64 4.36
ÁfRk ;wfuV ykxRk Cost per Unit Rs./Kwh 1.00 1.03

uSQ~Fkk Naphtha
;wfuV Units Mwh 4,706.80 —
dqy ykxRk Total Cost Rs. Crore 1.77 —
uSQ~Fkk ds ÁfRk eh Vu ls ;wfuVsa Units per MT of Naptha Kwh 5.81 —
ÁfRk ;wfuV ykxRk Cost per Unit Rs./Kwh 3.78 —

,p,lMh HSD
;wfuV Units Mwh 2,92.039 2,59,824
dqy ykxRk Total Cost Rs. Crore 0.66 0.50
,p,lMh ds ÁfRk eh Vu ls ;wfuVsa Units per MT of HSD Kwh 1,544.68 1,709.91
ÁfRk ;wfuV ykxRk Cost per Unit Rs./Kwh 22.74 19.39

ii) b±Ëku dh [kiRk ii) Fuel Consumption

d½ ÁkÑfRkd xSl¼,uTkh@,Tkh½ a) Natural Gas (NG/AG)
ek=k Quantity 000SM3 78,858 1,03,412
dqy ykxRk Total Cost Rs. Crore 35.41 42.92
v©lRk nj@;wfuV Average rate/Unit Rs./000SM3 4,490 4,151

[k½ ÁkÑfRkd xSl¼vkjy,uTkh½ b) Natural Gas (RLNG)

ek=k Quantity 000SM3 1,68,510 1,51,741
dqy ykxRk Total Cost Rs. Crore 440.05 277.77
v©lRk nj@;wfuV Average rate/Unit Rs./000SM3 26,114 18,305

x½ ÁkÑfRkd xSl ih,eVhth c) Natural Gas (PMTG)

ek=k Quantity 000SM3 29,824 29,364
dqy ykxRk Total Cost Rs. Crore 13.82 13.23
v©lRk nj@;wfuV Average rate/Unit Rs./000SM3 4,633 4,507

?k½ uSQ~Fkk d) Naphtha

ek=k Quantity MT 56,149 36,910
dqy ykxRk Total Cost Rs. Crore 180.93 118.90
v©lRk nj@;wfuV Average rate/Unit Rs./MT 32,224 32,214

p½ b±Ëku vk;y@,y,l,p,l e) Fuel Oil/LSHS

ek=k Quantity MT 50,252 48,744
dqy ykxRk Total Cost Rs. Crore 154.82 117.47
v©lRk nj@;wfuV Average rate/Unit Rs./MT 30,809 24,099

N½ ,p,lMh f) HSD
ek=k Quantity KL 395 851
dqy ykxRk Total Cost Rs. Crore 1.38 2.76
v©lRk nj@;wfuV Average rate/Unit Rs./KL 35,011 32,436

t½ dks;yk g) Coal
ek=k Quantity MT 1,71,198 1,83,282
dqy ykxRk Total Cost Rs. Crore 32.76 33.64
v©lRk nj@;wfuV Average rate/Unit Rs./MT 1,913.80 1,836
118
vuqlwph 20 ¼tkjh½ Schedule 20 (Contd.)

fooj.k Particulars Unit Year Ended Year Ended

31-3-2009 31-3-2008

iii) ÁfRk ;wfuV mRiknu ij fo|qRk RkFkk b±Ëku dh [kiRk iii) Consumption of Power & Fuel per Unit of Production
d½ ;wfj;k a) Urea
fcTkyh - Electricity Kwh 13.814 15.820
xSl&,uTkh@,th - Gas – NG / AG 000SM3 0.029 0.030
xSl&vkj,y,uTkh - Gas – RLNG 000SM3 0.041 0.048
uSQ~Fkk - Naphtha KG 34.370 31.865
,y,l,p,l@,Qv® - LSHS / FO MT 0.009 0.010
d®;yk - Coal MT 0.054 0.059

[k½ QkLQsfVd moZjd b) Phosphatic Fertilisers

fcTkyh - Electricity Kwh 23.432 30.998
b±Ëku&R®y@,y,l,p,l - Fuel Oil / LSHS MT 0.004 0.004
dks;yk - Coal MT 0.080 0.090

iv) lexz ÅTkkZ [kiRk iv) Overall Energy Consumption

;wfj;k Urea

dy®y Kalol Gcal/MT 5.949 5.956

Qwyiqj&I Phulpur-I Gcal/MT 6.895 6.855
Qwyiqj&II Phulpur-II Gcal/MT 5.980 5.824
vkaoyk&I Aonla-I Gcal/MT 5.697 5.706
vkaoyk&II Aonla-II Gcal/MT 5.522 5.517

lexz Overall Gcal/MT 5.941 5.903

QkLQsfVd moZjd Phosphatic Fertilisers

dkaMyk ¼ih2v®5 ds :i esa½ Kandla (In terms of P2O5) Gcal/ MT 0.304 0.275
ikjknhi ¼ih2v®5 ds :i esa½ Paradeep (In terms of P2O5) Gcal/ MT 2.111 2.492

25- Tkgka&dgÈ vko';d le>k x;k gS] xRk o"kZ ds vkadM+ksa d® 25. Previous year figures have been regrouped wherever considered necessary
pkyw o"kZ ds vkadM+ksa ds lkFk n'kkZ;k x;k gS A to correspond with the Current year figures.

119
(Above): Shri Ram Vilas Paswan, Hon’ble Union Minister for Chemicals, Fertilizers and Steel
greeting Hon'ble Mr. Ousmane Ngom and other members of delegation from ICS Senegal
(Below): Dr. U.S.Awasthi, Managing Director, Shri Rakesh Kapur, Deputy M.D. and
Shri VK Bali, Director ( Tech) flanked by the FAI awardees
From the Art Collection of IFFCO
bQdks ds dyk laxzgky; ls

IFFCO: Riding High on Achievements

bQdks % u;s f’k[kj dh vksj

Painting by: Satish Gujral (Above): Union Minister for Agriculture, Shri Sharad Pawar, being given a cordial
fp=dkj % lrh”k xqtjky welcome at IFFCO’s exhibition stall in Maharashtra.
Medium: Acrylic on Canvas (Below): Dr. U.S.Awasthi, Managing Director, IFFCO and Mr. Joseph Gutnick, President
ek/;e % dSUol ij ,Øsfyd jaxksa ls and CEO, Legend International Holdings Inc., signing an agreement in Melbourne,
Size: 84” x 48” Australia. Mr. Atul Chaturvedi, Secretary, Department of Fertilizers, Government of
vkdkj % 84” x 48” India, is also seen in the photograph.
 Created by studio orange-Write Media & Printed by Viba Press Pvt. Ltd.

IFFCO Sadan, C-1 District Centre, Saket Place, Saket

New Delhi 110 017, www.iffco.nic.in