History

The Fertilisers and Chemicals Travancore Ltd. (FACT) came into existence as in 1943 alongside the launch of its fertiliser plant in India at Udyogamandal. In 1947, the company began the production of Ammonium Sulphate at Udyogamandal, near Cochin. In the year 1960, it became a State PSU of Kerala, and on August 15, 1962, the Government of India became its major shareholder. FACT Engineering Works was established on April 13, 1966, as a unit to fabricate and install equipment for fertiliser plants. Over the following years, the company developed capabilities in fabricating pressure vessels and heat exchangers. It also undertook the laying of cross-country piping as well as the fabrication and installation of large penstocks of hydel projects. To diversify beyond fertilisers, a Caprolactam Plant at Udyogamandal was commissioned in 1990. In FY 1998-99, the company took up various new projects like conversion of the control system, revamping 3 boilers of the Cochin division thermal plant, replacement of the carbonate pumps, high-pressure valves in the urea plant, etc. During the year 2017-18, FACT Engineering Works (FEW) commissioned the operation of a barge for transportation of Ammonia. In FY 2020-21, it started trading chemicals like Ammonia and Sulphuric Acid. The company has adopted coastal shipping as its latest mode of transport for fertilisers being sent to the eastern and western coasts of the country. In recent times, it also started power trading through the Indian Electricity Exchange (IEX). It has also completed the trial run of its plant at Caprolactam.

Business Segments

The company's main business is the manufacture and marketing of:

1. Fertilisers- The organization produces a wide range of fertilisers such as Complex fertilisers (e.g. Factamfos), Straight fertilisers (e.g. Ammonium Sulphate), Organic fertilisers, Biofertilisers and Imported fertilisers (e.g. Muriate of Potash).
2. Caprolactam and Gypsum- The organization in addition produces bagged gypsum, and caprolactam used to manufacture nylon tyre cords, nylon filament yarns, engineering plastics, etc.
3. Engineering Consultancy and Fabrication of Equipment- This basically involves bringing forth the organization’s engineering expertise. Fabrication means putting together multiple pieces of equipment to build a single system of parts.

The company’s top sources of revenue as per percentage of revenue from operations in FY 2022 are:

1. Sale of owned products- Factamfos 20-20-0-13 (44.57%), Ammonium Sulphate (5.45%), Caprolactam (7.54%), Gypsum (0.51%) and others.
2. Sale of traded products- Muriate of Potash (1.075), organic manures (0.10%).
3. Subsidies or concessions on fertilisers- Factamfos 20-20-0-13 (35.48%), Ammonium Sulphate (2.58%) and others.

Subsidiaries The company does not have any subsidiaries.

Corporate Actions

The company has not had any stock splits, buyback of shares, bonus issues or rights issues in recent times.