Page 49 - Chambal SR_2015-16

3.2 per cent in 2017, supported by generally less in turnover mainly on account of higher sales
restrictive fiscal and still accommodative monetary of products like imported fertilisers, and own-
stances worldwide. manufactured single super phosphate. The traded
products continued to make significant contribution
The Indian economy, on the other hand, has to our bottom-line. These products contribute
bucked the global trend. India has proved to be heavily to our revenue and profitability, mitigating
the proverbial silver lining in an otherwise gloomy the challenges faced by own-manufactured
scenario; becoming one of the fastest growing fertilisers on account of delay in subsidy payments
large economies in the world. The 7.6 per cent and lack of decisive government policies.
growth in the GDP at constant market prices in
2015-16, according to the advanced estimates of The shipping division has also registered a higher
the Central Statistics Office, compare favourably turnover mainly on account of better realisations
with growth in the previous three years - 7.2 per from our vessels, and achieved an improved
cent in 2014-15, 6.6 per cent in 2013-14 and performance in comparison to the previous year.
5.6 per cent in 2012-13. It is noteworthy that this During FY 2015-16, we completed the sale of our
growth is estimated to have been achieved despite textile business i.e. Birla Textile Mills to Sutlej Textiles
subdued global demand that dampened India’s and Industries Limited as an ongoing concern on
exports significantly, and two consecutive below- slump-sale basis with effect from April 1, 2015.
normal monsoons that impacted farm output and
productivity. During FY 2015-16, we produced and sold 2.13
million MT and 2.07 million MT of urea respectively.
OuR APPROACh We have registered encouraging growth in sales
economic Stability to Attain Sustainability volumes of traded fertilisers. The revenue from
Our business bandwidth comprise two segments: traded products was ` 4394.03 crore during the
1. Fertilisers and other agri-products. 2. Shipping. financial year 2015-16 in comparison to ` 3209.71
crore in the previous year.
The previous financial year was relatively better
for the Indian fertiliser industry, with most Economic value generated (EVG) by us in 2015-
of the companies including Chambal achieving 16 was ` 96816 million as compared to ` 90172
production in excess of 100% capacity. million in the previous year, an increase of around
Our fertiliser division registered an increase seven percent. The Board recommended a dividend

2013-2014 2014-2015 2015-2016
million InR million InR million InR

economic value generated (evg) 81434 90172 96816

economic value Distributed (evD)
Operating costs 74470 82915 91389

Employee benefits and wages 1487 1598 1474
Payment to providers of capital 2767 2361 2198

Payment to government (Indian) 563 1794 1760

Community investments 27 84 90.59
economic value Retained (evR) 2118 1420 (97)

Table 2: Economic contribution at a glance.

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