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Fortune India Magazine ranks GNFC Ltd. No.1 PSU in terms of Market Cap growth for FY 18

Mar 28th, 2018 2:59 pm | By | Category: LATEST NEWS

Dr. Rajiv Kumar Gupta, IAS (MD) GNFC Ltd.
Fortune India Magazine ranks Gujarat Narmada Valley Fertilizers and Chemicals (GNFC) Ltd. as No.1 PSU in terms of Market Cap (M-cap) growth for FY 2018.
Dr. Rajiv Kumar Gupta is the Managing Director of GNFC ltd.

Fortune India Magazine in its latest issue of March, 2018 has released the list of India’s Most Profitable PSU’s, in which GNFC features at 36th position, climbing up from last year’s 43rd position. GNFC is the only Fertilizers and Agro Chemicals Company of India to feature in the list.

Among all the PSUs analyzed by Fortune India, GNFC attains top rank (1st position) among Top 10 best performing PSU’s on the basis of highest Market Cap (M-cap) growth.

In terms of growth in M-cap, GNFC outsmarts its peers with a phenomenal 120.70% growth rate compared to last year.
GNFC is also among the best PSUs to give best returns on the investments.

GNFC had also featured in last year’s ‘Top 500 India’s Most Valuable Companies 2017’ list, released by Business Today (BT) magazine. BT had ranked GNFC at 358th position compared to year 2016’s 499th position, a quantum jump of 141 places.

The list released by Fortune India has been prepared based on the audited results of FY17. The data has been sourced from 2 corporate databases: The Centre for monitoring Indian Economy’s Prowess and Capital Market Publishers India’s Capitaline Plus.

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