FACT (Fertilisers and Chemicals Travancore) issued a FACT Phosphoric Acid Tender for the supply of Phosphoric Acid, with a due date of September 19, 2024. Surprisingly, no bids were received for this critical tender, placing FACT in a challenging position. The FACT Phosphoric Acid Tender was anticipated to attract significant interest due to the rising…
RCF (Rashtriya Chemicals and Fertilizers Ltd.) has issued a tender for the bulk supply of Monoammonium Phosphate (MAP) and Diammonium Phosphate (DAP). Two leading companies, Hexagon Fertilizers Asia Pte. Ltd. and Midgulf International Ltd., are competing for this significant RCF MAP/DAP tender. The tender is crucial for securing a stable supply of fertilizers to support…
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…
Krishak Bharati Cooperative Limited (KRIBHCO) appointed M R Sharma as its Managing Director, effective 1st September 2024. In addition to his new role, Sharma will continue as Director (Technical). According to a press release from Indian Cooperative, Sharma, a Chemical Engineering graduate from IIT Roorkee (1981), brings over 42 years of experience in the fertilizer…
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…
The Indian Farmers Fertiliser Cooperative (IFFCO), one of India’s largest chemical fertilizer manufacturers, has made a significant investment of Rs 638 crore to establish nano fertilizer production plants in Uttar Pradesh. Substantial economic benefits are expected to be brought to the region by this strategic move, with over 600 jobs being created and infrastructure around…
Qatar’s state-owned sulphur producer and marketer, Muntajat/Qatar Energy, has increased the Qatar Sulphur Price (QSP) for September to $125/t FOB Ras Laffan/Mesaieed. This represents a $19/t rise from the August QSP of $106/t FOB, following an uptick in spot market prices. Recent spot tenders from Qatar and Kuwait received multiple bids in the $120s/t FOB…
