Gujarat Narmada Valley Fert & Chem

GNFC executive announced that the company's upcoming power plant launch in FY 2025-26 is expected to reduce operational costs for TDI production at the Dahej plant, which will enhance margins at the Dahej complex. The company also reported that production at the Bharuch complex has stabilized following the completion of its annual turnaround.

Gujarat Narmada Valley Fertilizers & Chemicals Limited reported operating revenue of ₹1,601 crores in Q1 FY 25-26, down from ₹2,021 crores in the same quarter last year. Profit after tax declined to ₹78 crores from ₹115 crores year-on-year. The company attributed the lower performance to annual planned maintenance shutdown at its Bharuch complex during April, which impacted volumes and increased unproductive costs and repairs expenses. Both fertilizer and chemical segments faced challenges, with chemicals experiencing tough market conditions for products like TDI and Aniline. The company successfully extended Anti-Dumping Duty on Aniline till July 2030. Management noted significant cash flow improvement due to timely subsidy receipts and expects gradual improvements in Q2. Three projects are under execution including a coal-based power plant, ammonia expansion, and weak nitric acid capacity addition.

Gujarat Narmada Valley Fertilizers & Chemicals Limited announced changes to its Board of Directors on August 6, 2025. The company re-appointed Shri Bhadresh Mehta as an Independent Non-Executive Director for a second term of three consecutive years, effective from September 27, 2025 to September 26, 2028. Additionally, Shri Susanta Kumar Roy was appointed as an Additional Director in the Independent category for a three-year term from August 6, 2025 to August 5, 2028. Both appointments are subject to shareholder approval at the upcoming Annual General Meeting and were made based on recommendations from the Nomination and Remuneration Committee. Shri Bhadresh Mehta is a Chartered Accountant, Company Secretary and Cost Accountant with over 25 years of experience in finance, audit and information technology functions. Shri Susanta Kumar Roy brings over 40 years of experience in power station management from NTPC and the private power sector, including roles in operation, construction management, and board positions. Both directors confirmed they meet independence criteria under applicable regulations and have not been debarred from holding directorship positions.