Madras Fertilizers Limited Recruitment For The Post Of Management Trainee In Chennai

Madras Fertilizers Limited (MFL) Recruitment: Apply Online for 34 Management Trainee Posts Interested candidates who completed all Eligibility Can Read the Full Advertisement Details and Apply Online 

B.E./B.Tech / M.Sc. / B.Sc / MBA / MCA / CA / ICWA

Madras Fertilizers Limited is looking for B.E. / B.Tech , MBA / PGDM / MBM , B.Sc , MCA , CA , ICWA profile candidates.

Candidate Apply Before 16th Oct 2019

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.