India has reduced the export duty on parboiled rice from 20% to 10%, the government announced in a Friday notification. The decision comes as the country’s rice inventories grow and farmers prepare to harvest a new crop in the coming weeks. This cut in export duty is expected to lower India’s export prices, increase shipments,…
Mangalore Chemicals and Fertilizers Ltd (MCF) has officially announced the Mangalore fertilizer plant resumption after a temporary shutdown. The shutdown, initiated in early September 2024, was necessary to replace the reformer catalyst in both the ammonia and urea plants. In a prior communication dated September 06, 2024, MCF had informed stakeholders of the planned maintenance….
Deepak Fertilisers And Petrochemicals Corporation Ltd (DFPCL), a leading company in the Deepak Fertilizer group, has received a boost. CRISIL Ratings assigned it a ‘CRISIL AA-/Stable’ rating. The positive Deepak Fertilizer CRISIL rating also includes the reaffirmation of the ‘CRISIL A1+’ rating for its commercial paper (CP) program. This signals a strong and stable outlook…
RCF Ltd., on behalf of the Department of Fertilizers (DOF) under the Ministry of Chemicals and Fertilizers, has issued a new tender for the purchase of Prilled or Granular Urea (46% Nitrogen) in bulk. The urea will be delivered to an Indian port by November 20, 2024. This RCF urea tender invites sealed offers from…
The Fertilizers and Chemicals Travancore Limited (FACT) has issued a tender inviting global suppliers to import 40,000 metric tonnes (MT) of Muriate of Potash (MOP). The FACT MOP Tender will occur at three key Indian ports: Mangalore, Tuticorin, and Kakinada. FACT, a leading fertilizer producer in India, aims to enhance agricultural productivity by securing a…
Hindustan Urvarak & Rasayan Limited (HURL) has issued a public tender to import 40,000 metric tons of Di-Ammonium Phosphate (DAP) – Bulk, fertilizer grade. The discharge ports for this consignment will be located on either the East Coast of India (ECI) or the West Coast of India (WCI). The last date for submitting bids has been…
DFPCL has announced an important expansion of its Nitric Acid plant in Dahej, Gujarat, to meet the growing demands of the merchant market and downstream industries. This ambitious project, with a budget of ₹1,950 crore, positions DFPCL as Asia’s largest manufacturer of Nitric Acid, further solidifying its leadership in the industry. For over 40 years,…
The Union Cabinet, under the leadership of Prime Minister Shri Narendra Modi, has approved the Nutrient Based Subsidy (NBS) rates for Phosphatic and Potassic (P&K) fertilizers for the upcoming Rabi Season 2024. This important decision, proposed by the Ministry of Chemicals & Fertilizers, ensures that farmers will have access to fertilizers at affordable prices from…
Hindustan Urvarak & Rasayan Ltd (HURL), a state-owned fertilizer giant, is investing approximately Rs 30 billion to expand its capacity across three major projects in Gorakhpur (UP), Barauni (Bihar), and Sindri (Jharkhand). This initiative aims to increase HURL’s total production capacity to 50 lakh tonnes in the next 2-3 years, up from the current 38…
The boardroom at National Fertilizer Ltd was filled with anticipation as the DAP tender results were about to be announced. Two leading names in the global fertilizer trade, MIDGULF International Limited, and Agrifields DMCC, had submitted bids after months of careful planning, strategy, and analysis of the commodities market. The bids were close. MIDGULF International…
