GNFC records highest ever market capital reflecting market confidence in company`s performance

  • | Tuesday | 5th September, 2017

Gujarat Narmada Valley Fertilizers and Chemicals- GNFC records highest ever market cap of Rs 5223 crore. It reflects the market confidence in GNFC`s performance.

Gujarat Narmada Valley Fertilizers and Chemicals GNFC mark another milestone this year.  It recorded highest ever the market capital of Rs 5223 on 5th September. It not only reflects the strength of the company but also the market confidence in GNFC`s performance.

Recently when GNFC announced the results of its first quarter it proved to be the best in last decade. Gujarat Narmada Valley Fertilizers and Chemicals is working to increase sales of products made from neem. Along with these products, organic farming is also encouraged by the company. Their project of has been an inspiration for many in Gujarat

According to industry estimates, India can get 35 lakh MT of neem seeds annually and 7 lakh MT of neem oil can be produced from it. There is scope for neem-based products in India.

Prime Minister Narendra Modi’s idea for Neem Coated Urea was adopted and fulfilled by the company. The abundance of neem trees has also given employment to a large number of people in Bharuch district- Gujarat. For the collection of neem seed, rural women are employed making them self-reliant. This project is active in 4000 villages in 22 districts of Gujarat. In the last two years, 2.25 crore women earn 25 crore rupees and 75,000 people have benefited.

GNFC has also won a number of awards like CSR Summit Award, CMO Asia CSR Award, Skoch Award and much more for its incredible work.

 


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