Thursday 2 August 2012

Opening for the post of Plant Manager at Madras Fertilizer, India




Company profile: MFL was incorporated on December 8, 1966 as a joint venture between GOI and AMOCO India incorporated of U.S.A (AMOCO) in accordance with the Fertilizer Formation Agreement executed on 14.5.1966 with equity contributions of 51% and 49% respectively.  In accordance with the participation agreement between GOI, AMOCO and National Iranian Oil Company (NIOC), an undertaking of Government of Iran, NIOC acquired 50% of the shareholding of AMOCO in MFL on 22.11.1972.   With this acquisition, shareholding of AMOCO and NIOC were at 24.5% each, with the balance 51% being held by GOI.   Subsequently, on 22.7.1985, the shareholding of AMOCO was proportionately purchased by GOI and NIOC.  As a result, GOI and NIOC shareholding was revised to 67.55% and 32.45% respectively.   Subsequent to the issue of rights shares in 1994 for part-financing the project, the holding of GOI and NIOC stood at 69.78% and 30.22% respectively. MFL had an initial public offering of its shares in May 1997.

Eligibility: Masters in Sciences

Last Date: 17/8/12

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