CCI approves acquisition of Kenvue Inc. by Kimberly-Clark (See 'Corp Brief') CCI approves Adani Power to buy stake of GVK Energy (See 'Corp Brief') IBC - If transaction was builder-linked contractual arrangement rather than pure financial debt default, Section 7 IBC proceedings cannot be used in parallel with DRT recovery proceedings: SC (See 'Legal Desk') CCI approves acquisition of stake in Llyods Engineering by Thriveni Earthmovers (See 'Corp Brief') CCI approves acquisition by CPPIB India in Ctrl S Datacenters (See 'Corp Brief') Govt pushes India Post toward Corporate-Style Efficiency (See 'Corp Brief') IPR - Use of house mark does not by itself obviate infringement or passing off: HC (See 'Legal Desk') Present petro conservation intended towards long-run capacity building: RM (See 'Corp Brief') Atal Innovation Mission hosts AIM Sumvaad- Central India to strengthen regional incubators (See 'Corp Brief') FERA - Foreign judgment is unenforceable in India as it fell within exceptions u/s 13 CPC: SC (See 'Legal Desk') Forum of Regulators celebrates 21 Years of strengthening India's Power Sector (See 'Corp Brief') A&C - Once seat of arbitration is expressly designated by agreement of parties, that seat becomes juridical home of arbitration and operates akin to exclusive jurisdiction clause: SC (See 'Legal Desk') Supreme Court lays down scenarios for lifting of Doctrine of Corporate Veil (See 'CORP EINSICHTf') Fisheries Secy visits ornamental fish brood bank in Maharashtra (See 'Corp Brief') Company Law - For purpose of maintainability of petitions u/s 397 & 398, expression ‘member' is not to be confined only to formal entry in register of members u/s 41(2): SC (See 'Legal Desk') Over 3,500 Participants compete in AB PM-JAY Hackathon (See 'Corp Brief') Scindia, Fadnavis inaugurate renovated Andheri RS Post Office as Future-Ready Service Hub (See 'Corp Brief') IBC - While subsidiary companies are separate legal entities, corporate veil may be lifted if associated companies are inextricably connected so as to form one concern: SC (See 'Legal Desk')

NFL total fertilizer sale reaches all-time high at 18.79 Lakh MT in April-July

Published: Aug 08, 2020

By TIOLCORPLAWS News Service

NEW DELHI, AUGUST 08, 2020: NATIONAL Fertilizers Limited (NFL's) total fertilizer sale has touched a new high of 18.79 Lakh MT in April-July'20 showing a growth of more than 20% than the previous best of 15.64 Lakh MT recorded during the same period last year. This includes the sale of Urea, DAP, MoP, NPK, SSP, and Bentonite Sulphur during the said period.

As per a Statement of NFL, out of this, the sale of company's core product, Urea has registered a sale of 15.87 Lakh MT, higher by 17% than the Corresponding Period Last Year.

Elated at the encouraging sale figures, Mr VN Datt, C&MD has congratulated the marketing team for successfully distributing the record quantity of ‘Kisan' fertilizers even under the constraints of COVID19.

NFL operates five urea manufacturing plants, one each at Nangal and Bathinda in Punjab, Panipat in Haryana and two plants at Vijaipur in M.P. The company has a urea production capacity of 35.68 Lakh MT annually. Other than its own products like Urea, Bio Fertilizers and Bentonite Sulphur, the company trades in various complex fertilizers with the objective of providing all types of Fertilizers to farmers under one roof.

TIOL CORP SEARCH

TIOL GROUP WEBSITES