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RFCL declared its commercial operation of the Ramagundam Unit on March 22, 2021. For the financial year 2022–23, RFCL produced 8.40 LMT and dispatched 8.39 LMT of neem-coated prilled urea. For financial year 2023–24, RFCL produced 11.16 LMT and dispatched 11.09 LMT.Going forward RFCL endeavours to produce 12.7 Lakh MT per annum at 100 % capacity utilization.
The financial turnaround, with the company earning profits from the financial year 2022-23 onwards and experiencing significant profitability growth in the financial year 2023-24, is a positive outcome. This suggests effective strategic planning, efficient execution of plans, and a resilient organizational structure. Overall, the narrative paints a picture of a company that faced challenges head-on, demonstrated resilience, and ultimately achieved success under strong leadership and teamwork.
The comparative position for FY 2022-23 vis-à-vis FY 2023-24 is as under: