1. General Profile:

@ Plant capacity increased from 396 thousand tonne of urea to 544.5 thousand tonne after commissioning of Kalol Expansion on 31.8.1997.

2. Corporate Office:

2A. Marketing Division:

3. Plant: Kalol

Plant: Kandla

Plant: Phulpur

Plant: Aonla

4. Production Performance: (Qty. in Thousand MT)

* Commercial production started from 22.12.1997

# Commercial production started from 25.12.1996

@ Commercial production of Kandla II started from 5.8.1999

5. Sales Performance: (Qty. in Thousand MT)

Stocks (Qty. in Thousand MT)

6. Financial Performance: (Rs. Crore)

7. Diversification into General Insurance Business

The company "IFFCO-TOKIO General Insurance Company Ltd." (ITGI) was registered under the Companies Act, 1956 and the certificate for incorporation (Number 55-107621 of 2000-2001) was issued by the Registrar of Companies on 8^th September, 2000. The Foreign Investment Promotion Board (FIPB) gave the approval for The Tokio Marine & Fire Insurance Co., Ltd. to subscribe and hold 26% of the equity share capital of the proposed joint venture insurance company on 15^th September, 2000 and accordingly IFFCO & Associates and Tokio Marine have subscribed equity share capital of ITGI in the ratio of 74:26. Insurance Regulatory & Development Authority (IRDA) issued a licence no. 106 dated 4.12.2000 to ITGI to transact General Insurance Business.

ITGI has commenced operations in three Zones viz. New Delhi, Mumbai and Bangalore and Branches covering major cities like Hyderabad, Chennai, Chandigarh, Ludhiana, Bhopal, Lucknow, Ahmedabad, Vadodara, Pune, Kolkata and Cochin. Efforts are being made to launch rural products in Ludhiana in Punjab and Hubli in Karnataka on 2^nd October, 2001.

8. Proposals under consideration/Implementation

ICS Expansion Project:

IFFCO is partner in a joint venture company, ICS Senegal since 1984 for manufacture of phos. acid. The capacity, of the existing plant is 330,000 MT P2O5 per annum, is being further expanded to 660,000 MT P2O5 per annum at a total estimated cost of US$ 250 million. IFFCO's equity participation in the expansion project is US$ 20 million out of the total equity capital of US$ 100 million. The expansion plant is expected to be commissioned shortly.

Oman India Fertiliser Project:

Government of India and Government of the Sultanate of Oman signed an Memorandum of Understanding (MOU) on July 30,1994 to initiate plans for construction of ammonia/urea complex in Oman. The MOU was also signed by KRIBHCO, RCF and OOC (Oman Oil Company) as co-sponsers. The Joint Venture Company, with RCF, KRIBHCO and OOC as partners was formed in February 1998.

The project would be located in Qalhat near Sur on the east coast of Oman, and have a capacity of 16.52 lakh tonne of urea per annum. The plant capacities would be 2*1750 tonne per day for ammonia plant and 2*2530 tonne per day for urea plant. Auxiliary facilities such as power plant, desalinated water plant , jetty, urea & ammonia storage would be included in the project scope.

IFFCO has purchased the shares of RCF in Oman India Fertiliser Company (OMIFCO) and become a partner in the Joint Venture Company on signing of the Amended and Restated Joint Venture Agreement between IFFCO / KRIBHCO and Oman Oil Company (OOC) on 20th October 2000.

The project cost has been estimated at US$ 969 million and will be financed by debt and equity in the ratio of 2:1 . IFFCO & KRIBHCO will contribute US$ 80 million each and Oman Oil will contribute US$ 160 million as their equity.

Nellore Fertiliser Project:

Meeting of the PIB to consider the project was held on 29th April 1999. Final decision from GOI is awaited. The validity of the bids for ammonia and urea plants expired on 31.3.2000 and the bid bonds have been returned to the respective bidders. In case of active consideration of the Project by GOI, fresh bids will be invited. The estimated Project cost as per third estimate worked out in April 2001 is Rs. 1946 crore.

Indo-Iran Qeshm Grassroots Project:

IFFCO and KRIBHCO are exploring the feasibility of a Joint Venture Ammonia Project in Iran in collaboration with Qeshm Free Area Authority having capacity of 1750 MTPD.The total project cost is expected to be US $ 262 million.

Joint Venture Phos. Acid Project with GFCL,CPG & GCT in Tunisia:

IFFCO and Godavari Fertilisers & Chemicals Ltd. (GFCL) have entered into a Memorandum of Understanding with Groupe Chimique Tunisien (GCT) and Compagnie des Phosphates de Gafsa (CPG) of Tunisia for a Phos. acid project at Skhira, Tunisia to set up a new Phos. Acid Project having capacity of 1.8 lakh tonne P2O5 per annum and acquiring the existing Phos. Acid Plant of 3.6 lakh tonne P2O5 per annum capacity.