SIA Linas Agro, a subsidiary of AB Akola Group, has acquired 100% of SIA Elagro Trade, a Latvian agricultural company. The deal was approved by the Competition Council of Latvia. Initially valued at €22 million, the final transaction amount rose to €25.5 million. This increase was due to higher-than-expected net Read more
Major Investment in Panagarh Plant Matix Fertilizers and Chemicals, a leading urea producer in India, has revealed plans to invest ₹7,500 crore in a brownfield expansion at its existing plant in Panagarh Industrial Park, West Bengal. The expansion aims to double the company’s urea production capacity, further cementing its leadership Read more
Madras Fertilizers Limited (MFL) is taking a major step towards self-sufficiency in fertilizer production by expanding its facilities. The company plans to establish a new Ammonia and Urea Complex at its site in Manali, Chennai. To begin the project, Madras Fertilizer invited online bids to prepare a Pre-Feasibility Report (PFR). Read more
Rashtriya Chemicals and Fertilizers Ltd. (RCF), one of India’s leading public sector enterprises in the fertilizer industry, has issued a tender for the supply of 50,000 metric tons (MT) of Di-Ammonium Phosphate (DAP). This tender supports RCF’s ongoing efforts to ensure a steady supply of fertilizer for the upcoming agricultural Read more
In a major step to revive Assam’s fertilizer industry and strengthen its agricultural sector, the Assam Cabinet approved the purchase of a 40% equity stake in Brahmaputra Valley Fertilizer Corporation Limited (BVFCL). Consequently, this decision clears the way for establishing the Rs 10,601 crore Namrup Fertilizer Plant-IV. Government Partnership for Read more
The fertilizer department has proposed a major reform to improve subsidy distribution. It asked the agriculture ministry to create a system using land records, cropping patterns, and soil health data. This system will determine subsidies for farmers and aims to roll out Direct Cash Transfers (DCT). Moreover, a parliamentary panel Read more
In a significant address on the ongoing fertilizer crisis, Indian Farmers Fertiliser Cooperative Limited (IFFCO) Chairman, Dilip Sanghani, discussed the acute shortage of liquid fertilizer in the country. He attributed the crisis to China’s decision to halt fertilizer exports, a move that has disrupted India’s agriculture sector. Speaking to the Read more
India is grappling with a severe shortage of Di-Ammonium Phosphate (DAP), a critical fertilizer for crops like wheat and mustard. The crisis is hitting hard in agriculturally dominant states like Punjab, Haryana, and Uttar Pradesh. Let’s explore what’s behind the shortage and how it’s affecting farmers. Why is There a Read more
In a significant development aimed at bolstering bilateral trade, Russia has expressed its readiness to ramp up fertilizer exports to India. This move comes after positive discussions with Indian counterparts regarding potential import tariff reductions. Dmitry Volvach, Russian Deputy Minister of Economic Development, highlighted the strategic importance of this partnership Read more
National Fertilizers Limited (NFL), a leading public sector enterprise, has invited global bids for the import of bulk urea (fertilizer grade). This move aims to meet the increasing demand in the agricultural sector and ensure a consistent supply of fertilizers for upcoming crop cycles. The tender is being floated on Read more
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