Rashtriya Chemicals & Fertilizers releases FY26 sustainability report

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Key Highlights
  • Total energy consumption rose slightly to 3,37,04,257 GJ in FY26
  • Scope 1 emissions fell to 35,90,921 MT CO2e, while Scope 2 rose to 1,23,599 MT
  • In-house STPs generated 8,474 million litres of treated water for reuse
  • Hazardous waste generation jumped to 4,760.99 MT, driving total waste higher
  • Employee LTIFR improved to 0.45, but worker LTIFR increased to 1.11
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Rashtriya Chemicals & Fertilizers has published its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 2026. The standalone report outlines the company’s environmental, social, and governance performance across its fertilizer and chemical manufacturing operations.

Environmental Performance

The company reported a total energy consumption of 3,37,04,257 Giga Joules for FY26, up from 3,35,36,248 Giga Joules in the previous year. Non-renewable sources accounted for the vast majority of this intake, with fuel consumption standing at 2,90,12,121 Giga Joules. However, renewable electricity consumption rose to 59,709 Giga Joules, compared to 56,820 Giga Joules in FY25.

Greenhouse gas emissions saw a mixed trend. Scope 1 emissions decreased to 35,90,921 metric tonnes of CO2 equivalent from 37,54,391 metric tonnes in FY25. In contrast, Scope 2 emissions increased significantly to 1,23,599 metric tonnes from 73,592 metric tonnes. The combined emission intensity per rupee of turnover fell to 0.0000201000 from 0.0000226058.

Water and Waste Management

Water withdrawal totaled 2,34,40,752 kilolitres, with third-party supplies contributing 1,49,66,270 kilolitres. Notably, the company utilized 84,74,482 kilolitres of water produced in-house through its two Sewage Treatment Plants (STPs) at the Trombay unit. These plants treated municipal sewage, generating approximately 8,474 million litres of treated water during the year, which was used for industrial processes and supplied to partners like Bharat Petroleum Corporation Limited.

Total waste generated rose to 18,248.95 metric tonnes from 15,085 metric tonnes in FY25. This increase was primarily driven by other hazardous waste, which jumped to 4,760.99 metric tonnes from 1,469.01 metric tonnes. Despite the rise in generation, waste recovery through recycling increased sharply to 9,604.90 metric tonnes from 5,268 metric tonnes.

Social and Governance Metrics

The company employs 1,424 permanent employees and 4,050 workers. Women constitute 9.90% of permanent employees and 5.85% of workers. The Board of Directors includes 60% female representation. Employee turnover for permanent staff remained stable at 3.49%, while worker turnover stood at 2.99%.

Safety metrics showed a decline in the Lost Time Injury Frequency Rate (LTIFR) for employees to 0.45 per million person-hours worked, down from 0.91 in FY25. However, the LTIFR for workers increased to 1.11 from 0.28. There were 2 fatalities among workers in FY26, compared to 1 in the prior year.

What the Numbers Show

A key operational divergence is visible in the company’s carbon footprint profile. While direct operational emissions (Scope 1) declined by over 1.6 million metric tonnes, indirect emissions from purchased electricity (Scope 2) surged by nearly 50,000 metric tonnes. This suggests that while process efficiency improvements reduced direct fossil fuel combustion or chemical process emissions, the company’s reliance on grid power for non-renewable energy may have intensified, or the grid mix itself became more carbon-intensive during the reporting period.

Metric FY26 FY25
Total Energy Consumption (GJ) 3,37,04,257 3,35,36,248
Scope 1 Emissions (MT CO2e) 35,90,921 37,54,391
Scope 2 Emissions (MT CO2e) 1,23,599 73,592
Total Waste Generated (MT) 18,248.95 15,085
Employee LTIFR 0.45 0.91

Historical Stock Returns for Rashtriya Chemicals & Fertilizers

1 Day5 Days1 Month6 Months1 Year5 Years
+0.51%-6.38%-10.11%-5.75%-27.12%+51.88%

What specific strategies is Rashtriya Chemicals & Fertilizers implementing to mitigate the significant rise in Scope 2 emissions from purchased electricity?

How does the sharp increase in hazardous waste generation impact the company's compliance costs and long-term environmental liability?

What corrective actions are being taken to address the rising Lost Time Injury Frequency Rate and fatalities among contract workers?

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Rashtriya Chemicals seeks approval for ₹1,500 crore FPO at AGM

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Key Highlights
  • Rashtriya Chemicals proposes a ₹1,500 crore FPO for capital expansion
  • Shareholders to approve ₹1,100 crore NCD issuance via private placement
  • Final dividend of ₹1.34 per share recommended for FY26
  • Shivakumar Subramaniam appointed as Chairman & Managing Director
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Rashtriya Chemicals & Fertilizers has scheduled its 48th Annual General Meeting for September 25, 2026, to seek shareholder approval for significant capital raising measures. The company proposes a Further Public Offering (FPO) of equity shares aggregating up to ₹1,500 crore to fund capital expenditure and business expansion.

The meeting will also address the issuance of secured or unsecured Non-Convertible Debentures (NCDs) on a private placement basis, with an aggregate limit of ₹1,100 crore. These funds are intended to augment long-term resources for ongoing capital requirements and general corporate purposes.

Dividend Payout

The Board has recommended a final dividend of ₹1.34 per equity share for the financial year ended March 31, 2026. This is in addition to an interim dividend of ₹1 per equity share already paid in March 2026. The record date for determining entitlement to the final dividend is fixed as September 18, 2026.

Dividend Component Amount Per Share Status
Interim Dividend ₹1 Paid in March 2026
Final Dividend ₹1.34 Recommended for FY26

Board Appointments

Shareholders will vote on several key board appointments:

  • Shri Shivakumar Subramaniam will be appointed as Chairman & Managing Director, effective February 13, 2026, until his superannuation on July 31, 2030.
  • Dr. Krishna Kant Pathak will be appointed as Government Nominee Director, effective April 21, 2026.
  • Shri Rajnikant Bhulabhai Tandel will be appointed as Independent Director, effective August 31, 2026.
  • Shri Niranjan S. Sonak and Ms Aparna S. Sharma retire by rotation and offer themselves for reappointment.

Memorandum of Association Amendment

The company seeks approval to amend its Memorandum of Association (MoA) to align with the Companies Act, 2013. The amendments aim to diversify business activities into new sectors, including renewable energy, water management, and agro-based products, leveraging its Navratna status for greater operational flexibility.

Voting Details

The register of members and share transfer books will remain closed from September 19, 2026, to September 25, 2026. Remote e-voting facilities are available from September 21, 2026, at 9:00 am to September 24, 2026, at 5:00 pm. The cut-off date for voting entitlement is September 18, 2026.

Historical Stock Returns for Rashtriya Chemicals & Fertilizers

1 Day5 Days1 Month6 Months1 Year5 Years
+0.51%-6.38%-10.11%-5.75%-27.12%+51.88%

How will the ₹1,500 crore FPO impact existing shareholder equity dilution and near-term earnings per share metrics?

What specific capital expenditure projects in renewable energy and water management are prioritized with the proceeds from the proposed fundraising?

How might the appointment of Shivakumar Subramaniam as CMD influence the company's strategic shift towards diversifying beyond traditional fertilizers?

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