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 Read more
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 Read more
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, Read more
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 Read more
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 Read more
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 Read more
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