NFL was incorporated on 23rd August 1974 with two manufacturing Units at Bathinda and Panipat. Subsequently, on the reorganization of Fertilizer Group of Companies in 1978, the Nangal Unit of Fertilizer Corporation of India came under the NFL fold. The Company expanded its installed capacity in 1984 by installing and commissioning of its Vijaipur gas based Plant in Madhya Pradesh.
Subsequently, the Vijaipur plant doubled its capacity to 14.52 Lakh MT by commissioning Vijaipur Expansion Unit i.e. Vijaipur-II in 1997. The annual capacities of Vijaipur-I and Vijaipur-II Plants have now been re-rated w.e.f. 1.4.2000 from 7.26 lakh MT of Urea to 8.64 Lakh MT each. With an overall capacity utilization of 104.6%, the company produced a total of 33.80 lacs MT of Urea in the year 2010-11. In 2010-11, sales turnover of the company was Rs. 5791 Crore.