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CPMA Member Companies News - GSFC


GSFC declines after weak Q1 numbers 

Business Standard, 7th Aug 2017

Gujarat State Fertilizers & Chemicals fell 3.08% to Rs 132.05 at 9:52 IST on BSE after net profit fell 12.5% to Rs 40.52 crore on 10.4% increase in net sales to Rs 1137.57 crore in Q1 June 2017 over Q1 June 2016........................... Read more



GSFC closes 2 units due to operational hiccups

moneycontrol.com, 10th July 2017 

Gujarat State Fertilisers and Chemicals (GSFC) has shut down two units of its integrated plant because of operational issues............................ Read more


GSFC keen to set up ammonia urea plant in Iran 

Business Standard, 20th June 2017 

The state-owned Gujarat State Fertilizers and Chemicals (GSFC) today said it was exploring the possibility of setting up an ammonia-urea plant in Iran.............................. Read more



GSFC Board to consider FY17 results & Dividend on May 29, 2017 

Equity Bulls, 15th May 2017  

A Meeting of the Board of Directors of Gujarat State Fertilizers & Chemicals Ltd is scheduled to be held on May 29, 2017, for approving the Audited Annual Accounts / Financial Results of the Company for the Financial Year ended March 31, 2017 and recommendation of Dividend, if any, on the Equity Shares of the Company for the Financial Year 2016-17................................. Read more


GSFC Q3 drops 40% to Rs 61 cr

Business Standard, 23rd Jan 2017 

Gujarat State Fertilisers and Chemicals Ltd today reported 40 per cent decline in net profit to Rs 61.17 crore for the December quarter of the current fiscal................................. Read more



GSFC - Closure of Trading Window 

moneycontrol.com, 4th Jan 2017 

Gujarat State Fertilizers & Chemicals Ltd has informed BSE that In view of the ensuing Board Meeting scheduled on January 23, 2017, to review and take on record the Unaudited Financial Results for the quarter ended on December 31, 2016, Trading Window shall remain closed from January 16, 2017 to January 25, 2017................................. Read more


GSFC’s chemicals business gets profitability boost

livemint.com, 28th Dec 2016 

Shares of Gujarat State Fertilizers and Chemicals Ltd (GSFC) surged after reports that caprolactam prices have hit a two-year high.................................. Read more


GSFC - Closure of Trading Window

moneycontrol.com, 10th Oct 2016

Gujarat State Fertilizers & Chemicals Ltd has informed BSE that in view of the ensuing Board Meeting scheduled on October 24, 2016 to review and take on record the Unaudited Financial Results for the quarter ended on September 30, 2016, Trading Window shall remain closed from October 17, 2016 to October 27, 2016................................... Read more


How Govt intervention made a bad quarter worse for Coromandel, GSFC

livemint.com, 5th Aug 2016 

The government’s unexpected decision to cut prices of complex fertilizers, notably diammonium phosphate (DAP) and muriate of potash, made a bad quarter worse for Coromandel International Ltd and Gujarat State Fertilizers and Chemicals Ltd (GSFC)................................... Read more


GSFC reports 54% fall in Q1 net profit

livemint.com, 29th July 2016  

Gujarat State Fertilizers & Chemicals (GSFC) has reported results for first quarter ended June 30, 2016. The company has reported a fall of 54.13% in its net profit at Rs 46.30 crore for the quarter ended June 30, 2016 as compared to Rs 100.94 crore for the same quarter in the previous year. Total income of the company decreased by 5.29% to Rs 1091.80 crore for the quarter under review, from Rs 1152.82 crore for the corresponding quarter of the previous year.................................... Read more


GSFC - Closure of Trading Window

moneycontrol.com, 11th July 2016

Gujarat State Fertilizers & Chemicals Ltd has informed BSE that in view of the ensuing Board Meeting scheduled on July 28, 2016 to review and take on record the Unaudited Financial Results for the quarter ended on June 30, 2016, Trading Window shall remain closed from July 21, 2016 to July 31, 2016..................................... Read more


GSFC to shutdown ammonia plant for 9 days

Business Standard, 27th June 2016 

Gujarat State Fertilizers & Chemicals Ltd (GSFC) will shut down its Ammonia-IV plant at its Vadodara site from June 27, 2016 till July 5, 2016 for carrying out maintenance....................................... Read more


GSFC Q4 net drops 50%

thehindubusinessline.com, 26th May 2016 

State-run fertiliser player, Gujarat State Fertilizers and Chemicals Ltd (GSFC), has posted a standalone net profit of Rs. 32.57 crore for the quarter ended March 2016, down by close to 50 per cent, against Rs. 64.5 crore in the corresponding quarter a year ago....................................... Read more


A M Tiwari appointed as GSFC Chairman & Managing Director

Business Standard, 25th February 2016 

A M Tiwari, a 1985 batch IAS officer, has been appointed as the Chairman and Managing Director of state-run Gujarat State Fertilisers and Chemicals Ltd (GSFC)....................................... Read more


GSFC - Intimation regarding Shutdown of Ammonia-IV Plant 

moneycontrol.com, 6th February 2016
Gujarat State Fertilizers & Chemicals Ltd has informed BSE that the Company's Ammonia-IV Plant shall undergo shut down for a period of 7 days i.e., till February 12, 2016 with a view to repair feed pre-heater and feed super-heater leakage and upon resolution, the said plant would come back into the mainstream from February 13, 2016. There will be no major impact on production due to the said shutdown....................................... Read more

GSFC Q3 net falls marginally
thehindubusinessline.com, 22nd January 2016 
State-promoted Gujarat State Fertilizer Corporation (GSFC) on Friday reported a marginal decrease in net profit during the third quarter of 2015-16, ended December 31, 2015, compared to the corresponding quarter of the previous fiscal......................................... Read more

GSFC roadshow in Mumbai tomorrow to promote new products
The Economic Times, 15th January 2016
State-run Gujarat State Fertilisers & Chemical (GSFC) will display its two new industrial products at a roadshow in Mumbai tomorrow.............................. Read more

GSFC eyes Rs 300 cr revenues from non-core businesss
moneycontrol.com, 9th January 2016
Gujarat State Fertilizer and Chemicals Ltd (GSFCL) has recently established a plant in September this year for fully drawn yarn, which is used in textile business......................... Read more

NHAI may use GSFC 'Nylon-6' products for projects
The Economic Times, 2nd January 2016
The National Highway Authority of India (NHAI) is likely to use Gujarat State Fertiliser and Chemicals (GSFC) 'Nylon 6 fibre products' for its infrastructure projects including construction of roads across the country............................. Read more

GSFC ups neem-coated urea production to 2 lakh ton after government nod
The Economic Times, 4th December 2015
State-run Gujarat State Fertilisers Company (GSFC) today said it has raised the production of neem-coated urea to full capacity of two lakh tonne to meet the requirements of farmers in the state............... Read more

GSFC Q1 net up 15% at Rs 142.64 crore
The Economic Times, 23rd October 2015
State-run GSFCBSE 10.09 % today posted a 15 per cent increase in its net profit at Rs 142.64 crore for the quarter ended September 30 on account of increase in sales................ …Read more

GSFC exports first consignment of new products to Myanmar
The Economic Times, 13th October 2015
Gujarat State Fertilizers & Chemicals Ltd (GSFC) today said it has exported the first consignment of the newly launched industrial products - Gujcon CRF & PRF - to Myanmar............. …Read more

GSFC - Closure of Trading Window
12th October 2015
Gujarat State Fertilizers & Chemicals Ltd has informed BSE that in view of the ensuing Board Meeting proposed to be held on October 23, 2015 to take on record the Un-Audited Financial Results for the Quarter ended on September 30, 2015, Trading Window shall remain closed from October 16, 2015 to October 26, 2015...................... …Read more

GSFC eyes additional revenues from new yarn unit
thehindubusinessline.com, 3rd September 2015
Gujarat State Fertilizers and Chemicals Ltd (GSFC) on Thursday announced commissioning of Fully Drawn Yarn (FDY) Unit at Fibre Unit, Kosamba near Surat.............. …Read more


GSFC Q1 net declines 7% to Rs 101 cr
Business Standard, 29th July 2015
State-owned Gujarat State Fertilizers & Chemicals Ltd (GSFC) reported a marginal slide of seven per cent in net profit for the first quarter of 2015-16 compared to the corresponding period in last fiscal, the company informed the Bombay Stock Exchange (BSE)............... …Read more

GSFC - Closure of Trading Window
moneycontrol.com, 18th July 2015
Gujarat State Fertilizers & Chemicals Ltd has informed BSE that In view of the ensuing Board Meeting proposed to be held on July 28, 2015 to take on record the Un-Audited Financial Results for the Quarter ended on June 30, 2015, Trading Window shall remain closed from July 21, 2015 to July 31, 2015. The trading window closure is pursuant to Clause 6 of the Code of Conduct on Insider Trading Regulations. The Trading Window shall reopen from August 01, 2015.............. …Read more

GSFC to invest Rs 10,000 crore for 4 new projects at Dahej
The Economic Times, 2nd July 2015
The Gujarat State Fertilisers & Chemicals Ltd (GSFC) will invest Rs 10,000 crore for setting up four new projects at Dahej near here, a top official said............ Read more

GSFC Q4 net plunges to Rs. 65 cr
thehindubusinessline.com, 15th May 2015
State-run Gujarat State Fertilizers & Chemicals Ltd on Friday announced net profit of Rs. 65 crore for the quarter ended March 2015, down by over 50 per cent from Rs. 134 crore reported in the same period last year............ Read more

GSFC hopes to commission nylon project by August
Business Standard, 30th April 2015
Gujarat State Fertilisers & Chemicals Ltd (GSFC), maker of complex fertilisers and industrial chemicals, aims to commission its nylon project at Vadodara by August this year......... Read more

GSFC - FY15 results on May 14, 2015
moneycontrol.com, 24th April 2015
Gujarat State Fertilizers & Chemicals Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 14, 2015 inter alia, for.......... Read more

Gas pooling: Private urea makers get working capital relief
Livemint.com, 1st April 2015
The government's decision to pool and average natural gas cost for urea production has sparked gains in the shares of companies that produce it. Stocks of Gujarat State Fertilizers and Chemicals Ltd (GSFC), Rashtriya Chemicals and Fertilizers Ltd (RCF), National Fertilizers Ltd, Chambal Fertilisers and Chemicals Ltd and Zuari Agro Chemicals Ltd rose 3-10% on Wednesday......... Read more

GSFC lines up Rs 15,000 cr capex over next two years
Zee News, 22nd March 2015
Gujarat State Fertilizers & Chemicals Ltd (GSFC) on Sunday said it has lined up an investment of Rs 15,000 crore to expand capacity over the next two years............ Read more

India revives plans for urea plant in Iran; investing Rs 5,000 crore
The Economic Times, 10th March 2015
India has revived its plan to set up a fertiliser plant in Iran with an investment of about Rs 5,000 crore and has asked the Persian gulf nation to offer long term gas contract for manufacturing the soil nutrient......... Read more

For Gujarat State Fertilizers and Chemicals, worst is all but over
The Economic Times, 9th February 2015
Gujarat State Fertilizers and Chemicals (GSFC), a public sector undertaking promoted by the Gujarat government, has corrected by more than 20% after its lacklustre third quarter results......... Read more

GSFC Q3 net profit up 2 per cent at Rs 103.47 crore
The Economic Times. 27th January 2015
Gujarat State Fertilisers and Chemicals Ltd (GSFC) today reported 2 per cent rise in its net profit at Rs 103.47 crore for the quarter ended December 2014............................... Read more

GSFC to spend Rs 1,200 crore on expansions
thehindubusinessline.com, 21st January 2015
State-run Gujarat State Fertilizers and Chemicals Ltd (GSFC) plans to spend over Rs 1,200 crore towards capacity expansions this year. The company on Wednesday announced investments for the ongoing and future expansions in the Fertilizers and Nylon-6 manufacturing among others................... Read more

GSFC - Q3 results on Jan 27, 2015 
moneycontrol.com, 6th January 2015
Gujarat State Fertilizers & Chemicals Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on January 27, 2015, to consider and approve the Unaudited Financial Results for the 3rd quarter ended on December 31, 2014 (Q3).................. Read more

GSFC drops as RBI places restrictions on further purchases by RFPIs
Business Standard, 26th December 2014
Gujarat State Fertilizers & Chemicals lost 3.31% to Rs 105.05 at 11:21 IST on BSE after the Reserve Bank of India placed restrictions on further purchases of shares of the company by registered foreign portfolio investors............. Read more

GSFC net rises 22% in Q2
thehindubusinessline.com, 15th October 2014
State-promoted Gujarat State Fertilizer Corporation Ltd (GSFC) on Wednesday reported a 22 per cent increase in net profit and 4.5 per cent in sales in the second quarter of 2014-15, ended September 30, against the corresponding period in the last fiscal. While the company's sales were ₹1,482 crore (₹1,418 crore), profit after tax (PAT) was ₹124 crore (₹101 crore) in the period under review, said Atanu Chakraborty, Managing Director, in a statement here. He attributed the performance to the consistency in supply of raw materials such as benzene, sulphur ammonia etc............................ Read more

GSFC share gains from production restart, improving business outlook
livemint.com, 14th October 2014
The stock gained 67% in September to reach a new 52-week high of Rs116, as the company resumed production at units that made ammonia and urea....................... Read more

Gujarat State Petroleum Corporation's KG gas to sell at $4.2/unit till October
The Economic Times, 18th August 2014
Gujarat State Petroleum Corporation (GSPC) is ready to sell gas from its Krishna-Godavari (KG) basin block at $8.5 per unit, much lower than $13 proposed earlier, but the oil ministry will not allow it to charge more than $4.2 until the end of next month, government and industry sources said........ Read more

Gas pricing uncertainty stops GSPC from starting production
The Economic Times, 24th July 2014
Gujarat State Petroleum Corporation (GSPC), that is ready to pump natural gas from its Krishna-Godavari (KG) basin block, has not started commercial production, which industry and official sources say may be due to the uncertainty over gas prices................ Read more

GSFC jumps after Q4 results
Business Standard, 14th May 2014
Gujarat State Fertilizers & Chemicals jumped 5.80% to Rs 65.70 at 9:46 IST on BSE after net profit surged 129.4% to Rs 134.09 crore on 10.5% decline in net sales to Rs 1518.09 crore in Q4 March 2014 over Q4 March 2013............... Read more

State firms push foreign investment, Rs 670 crore capital outflows in July 
indianexpress.com,20th Aug 2013
Gujarat firms, including the state public sector units (PSUs) and their joint venture companies, were at the forefront in contributing about Rs 670 crore to foreign direct investment (FDI) outflows from the state in July alone. British Virgin Islands, Tunisia, Ireland, Egypt, Switzerland and Cyprus were some countries where the money from Gujarat went to................ Read more

Coromandel, GSFC's JV in Tunisia starts production
Business-standard.com, 15th July 2013
The Tunisian Indian Fertilizers (TIFERT), a joint venture of Coromandel International and Gujarat State Fertilizers and Chemicals Ltd (GSFC) with two state-owned units in Tunisia, has started production at its plant at Skhira, Coromandel said in a statement.............. Read more

GSFC may set up LNG terminal in partnership with GSPLSun,
Mint ; 13th May 2013
The company is awaiting the new urea policy before going ahead with its expansion plan Ahmedabad: Gujarat State Fertilizers and Chemicals Ltd GSFC) is considering the option of partnering with Gujarat State Petronet Ltd (GSPL) for setting up a................ Read more


 
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