KRISHAK BHARATI COOPERATIVE LIMITED

  PERFORMANCE: 2005-06

Society’s performance during the financial year 2005-06, has been one of the best since its inception in the year 1980.

The salient features are as follows:

•   Lowest cost of urea production in the whole country.

•  Least subsidy on fertilizers in the industry from Govt. of India. 

•  Highest contribution to the exchequer in the cooperative sector, in the country.

•  Highest dividend payment to share holders in the cooperative sector, in the country.

•  Highest dividend payment to Govt. of India in the cooperative sector, in the country.

•  Energy efficiency of international standards achieved.

•  72 new records were established in all spheres of its activity.

•  Net profit of Rs 280 Crore. was achieved, which is 50% more than last year.

•  Achieved First position in Ammonia capacity utilization in mega size gas based plants in the industry, in the country,
  

       for  the last 3 years continuously.

• Highest production of urea of 18.07 lakh MT since inception.

• Highest sale  of urea of 28.2 lakh MT since inception, which is 41% more than last year.

• Achieved First Position in Production & sale of Bio-fertilizers in the country.

• Highest ever production & sale of seeds of 1.60 & 1.53 lakh qtls. respectively.

• Highest ever productivity of 1826  MT production/Employee & 4315 MT sale/Employee which is 4% and 49% respectively

       higher than last year.

•  6.8 Lakh farmers benefited from 1707 programmes.

•  60 Villages were adopted

• Highest profitability of Rs. 2.84 Crore for Seeds was achieved, which is 13% more than last year.

• The joint venture fertilizer project in Oman in the very 1^st  year of its operation:

1.     Achieved 105% capacity utilization against 90% planned.

2.     It was completed with a saving of US $ 74 million.

3.     It achieved a surplus of US $ 47 million against the projected US $ 37 million.

• KRIBHCO acquired a private co. to form a JV co. KRIBHCO Shyam Fertilizers Ltd.(KSFL).Prior to acquisition it was operating at less than 100 % capacity utilization for the last 5 yrs. However within 3 months of acquisition:

1.     The capacity utilization was increased from less than 100% to 104% for the whole year.

2.     The production was increased by 234 MT per day (10%).

3.     The specific consumption was reduced from 5.85 Gcal/MT to 5.76 Gcal/MT (1.6 %).