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…
Rashtriya Chemicals and Fertilizers (RCF) had just released one of its biggest tenders for Diammonium Phosphate (DAP), a vital fertilizer for India’s farmers. The competition was fierce, with major global players bidding to secure the contract. Among them was Midgulf, a seasoned player in the international fertilizer trade, known for its smart pricing and efficient…
In the global fertilizer market, few commodities hold as much significance as rock phosphate. Essential for the production of agricultural fertilizers, it has become a lifeline for farmers across the world. Governments and corporations alike recognize its value, leading to intense competition whenever a new tender is announced. One such tender was floated by a…
An ACFI-EY report projects that with the right support, India’s agrochemical exports could exceed Rs 80,000 crore in the next four years. Currently, the industry exports more than Rs 43,000 crore, leveraging its competitive edge in quality and affordability to achieve this ambitious target. The report, titled “Indian Agrochemical Industry: The Story, the Challenges, and…
Krishak Bharati Cooperative Limited (KRIBHCO) has appointed M. R. Sharma as its Managing Director, effective 1st September 2024. He will also continue as Director (Technical). Sharma is a Chemical Engineering graduate from IIT Roorkee (1981). He brings over 42 years of experience in the fertilizer industry. His expertise covers ammonia and urea production along with…
India’s reliance on urea imports is projected to drop to 10-15%, down from a high of 30% in FY 2021, according to a Crisil Ratings study. This reduction is driven by the launch of new urea production capacities. These plants are expected to achieve regulated returns as utilization rates improve. Additionally, older plants will maintain…
Indian fertilizer importer FACT has recently made changes to the closing date of its reissued FACT NPK tender, shifting the deadline from 29 August to 5 September. The tender aims to procure around 40,000t of 15-15-15 grade NPK fertilizer to support India’s agricultural needs. As per the updated timeline, the FACT NPK tender will close…
Chennai-based Kothari Industrial Corporation is set to expand its fertilizer and footwear businesses, including a major new fertilizer unit with a planned capital expenditure of Rs 7,000 crore. The company is in advanced discussions to establish an NPK (nitrogen, phosphorus, and potassium) unit in Qatar, with potential funding from the Qatari ruling family, according to…
