The pair of blue elephants, familiar to lakhs of farmers in the country, look geared to do a gravity-defying act. From representing a public sector fertilizer company on the verge of closure, these elephants on the logo of Fertilisers And Chemicals Travancore Limited (FACT) may soon stand for a Mini Ratna corporation. The turnaround has happened in a short time and has been quite dramatic, prompting some to call it a miracle.
Veteran trade union leader and FACT Employees’ Association president K. Chandran Pillai says the company is in glory. It can now achieve greater heights.
The sentiment is echoed by other trade union forums as well as the team of officials and employees. They heap praise on the management team led by chairman and managing director Kishor Rungta, who took charge in August 2020 amid great uncertainty.
