Hindustan Fertilizer Corporation Limited (HFCL) emerged as a separate company following the reorganization of the erstwhile FCIL and NFL group of companies in early 1978. The newly formed Corporation under its ambit of control got the operating Units at Durgapur (W. Bengal), Barauni (Bihar), and Namrup. A fertilizer –cum – chemical project at Haldia (W. Bengal) was also annexed to HFCL. Namrup Unit has been demerged from HFCL and formed into a new Company, namely, Brahmaputra Valley Fertilizer Corporation Limited (BVFCL) w.e.f. 01.04.2002.
The Govt. of India declared closure of plants HFCL in September, 2002 and majority of its employees were released under VSS. HFCL, at present has three closed plants, one each at Barauni in Bihar and Durgapur and Haldia in West Bengal. Presently, HFCL has only 1 regular employee on roll.