Fertilizer News

IFFCO starts selling urea in 45 kg bags

noreply@blogger.com (Mohd Khalid Siddiqui) — Wed, 25 Apr 2018 13:28:00 +0000

IFFCO has starts selling urea in 45-kg bags in the Katihar district and become first urea company to do so.

The government has notified that urea, the highly subsidised fertiliser, will be sold in the market in a 45-kg bag instead of 50-kg from 1st Mar. 2018. The government has also permitted fertiliser companies to sell the old stock of 50-kg bags for next two months.

The purpose is to reduce urea consumption and promote balanced use of fertilisers. Since urea is cheaper than other fertilisers, farmers are using this product widely.

Normally, farmers use urea by counting number of bags for each hectare of land. When farmers are told to reduce the number of 50-kg bags, they do not listen. So, the government has decided to promote use of 45-kg bag as a trick to reduce consumption.

A 45-kg urea bag will be sold at Rs 242 excluding taxes, a government notification said.

The price is determined on the basis of government's fixed price of Rs 5,360 per tonne. The Centre bears the difference between the maximum retail price (MRP) and cost of production.

Happy New Year 2017 to all

noreply@blogger.com (Mohd Khalid Siddiqui) — Sat, 31 Dec 2016 09:40:00 +0000

Wishing you and your family members a happy and prosperous New Year 2017.

US based firm Stonetek Energy plans India's first coal-based urea plant worth Rs 6,000 crore in Chandrapur, Nagpur

noreply@blogger.com (Mohd Khalid Siddiqui) — Sat, 29 Oct 2016 10:16:00 +0000

The proposed plant will be first of its kind, which will produce urea from coal. Coal based fertilizer manufacturing with coal gasification technology is going to be implemented for the first time in the country, with lower production cost and minimal emission. This urea will be cheaper in cost and farmers will get urea in less rates. This coal-urea is going to be available Rs 10,000 per tonne cheaper than present rates.

Maharashtra Government has already allotted a piece of land to the US based firm, and Western Coalfields Limited (WCL) has agreed for coal linkage to the proposed plant. Coal is available in abundance in Vidarbha Region.

Presently urea manufacturing units are either gas based on naphtha based and both the process are costly than this new technology of producing urea from coal. The technology is eco-friendly and being implemented in Chandrapur as a pilot plant. Once it is successful, it could be replicated in other plants.

Hopefully the project would start producing urea in 36 months.

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Kribhco investing Rs 1000 crores to setup P&K plant in Andhra Pradesh

noreply@blogger.com (Mohd Khalid Siddiqui) — Tue, 27 Sep 2016 11:04:00 +0000

Urea producer, public sector giant Kribhco is all set to stablish a 6 lakh tonnes per annum P&K plant in Krishnapatnam, Andhra Pradesh with an investment of Rs 1000 crores. This project would be completed in next four years. The company would double it's capacity later on to make it 12 lakh tonnes per annum.

Presently Kribhco producing 22 lakh tonnes of urea per annum at Hazira Gujrat. It has one plant in Shahjahanpur U.P. in partnership with Shyam Group to produce urea. Capacity of this plant is 10 lakh tonnes per annum. Besides this Kribhco has one another plant in Oman in partnership with Iffco.

Kribhco wants to tap the incentives AP government offering to new enterant in the state. The government will provide power at Rs 1 per unit for next 10 years. VAT will also not to be charged for next 7 years. Besides this lots of other incentives are being offered by the state government. Kribhco has done the calculations and excepts Rs 500 crores savings by government incentives.

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Talcher Fertilizer will be functional by 2018, government announced

noreply@blogger.com (Mohd Khalid Siddiqui) — Tue, 06 Sep 2016 14:18:00 +0000

The Union Government has announced to produce Urea from Talcher Fertilizer by using coal gassification technology from 2018. Once operation is resumed, the plant will annually produce 13 lakh tonne of urea per annum. Government plans to laid foundation stone in November this year.

Union Petroleum Minister Dharmendra Pradhan has informed that Urea produced by this coal gassification technology will cost Rs 2 to 3 thousand less per tonne and farmers will get the benefit from this.

Present NDA Government has decided to revive the sick urea units in Uttar Pradesh(Gorakhpur), Bihar (Barauni), Odisha (Talcher) and Jharkhand (Sindri) by investing Rs 40000 crores. This Talcher Revival Project will cost Rs 9000 crores to the Government.

If we look back to Talcher Fertilizer (Odissa), it started urea production in 1980 with the capacity of 1500 tpd Urea and 900 tpd Ammonia. At that time the company had 1400 permanent employees and 3000 casual workers.

The company declared sick in 1991 by the government and sent it to the Board of Financial and Industrial Reconstruction (BIFR) for making a survival program. Though production continued till 1999, when the NDA government ordered to stop manufacturing urea from the plant. As a result, about 1200 employees were given voluntary retirement from the plant in 2002.

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Indian Fertilizer Industry is in doldrum, now Birlas want an exit from Fertilizer Business

noreply@blogger.com (Mohd Khalid Siddiqui) — Wed, 31 Aug 2016 17:18:00 +0000

Indo Gulf Fertilizer, a subsidiary of Aditya Birla Nuvo is planning to exit low margin fertilizer business. Last month only, Tata Chemicals had sold its fertilizers business to Norway's Yara Chemicals for Rs 2670 crores.

Tatas and Birlas are large established players in fertilizer industry and they are leaving the industry means a serious condition. Infact Government is not fulfilling it's promises. There is no guarantee of capital gain which was promised. Subsidy payments get delayed for several months due to which companies faces cash flow problem. Birla fertilizers had earnings of Rs 209 crores on revenues of Rs 2498 crores which comes to a return of 11% in FY16. One can earn this much of money from bank deposit without taking any tension of running a large factory.

Indo Gulf Fertilizer is India's 8th largest Urea producer and they are thinking to leave the industry. As per a banking source, sale would be complete by the next financial year.

On the other hand some of the industrialists are pouring huge amount in the fertilizers industry. Chambal group is investing Rs 5000 crores to set up a plant and a multinational purchasing Tata Chemicals.

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Matix Fertilisers and Chemicals Limited facing slow start

noreply@blogger.com (Mohd Khalid Siddiqui) — Fri, 15 Jul 2016 08:15:00 +0000

Matix Fertilisers and Chemicals Limited, promoted by Kanodia family of the Datamatics Group, facing a slow start due to partial availability of gas from Essar Oil Ltd's Raniganj field.

Essar Oil Ltd. has commenced supply of CBM, presently at around 200,000 scmd, for pre-commissioning activities to Matix Fertilisers.

The stranded Rs 6000 crore Marix Fertilizers that is wholly dependent on the scaling up of CBM production from Essar Oil, is the world’s largest single stream 1.3 MTPA urea plant and the first designed for CBM as the feedstock.

The plant needs 2.4 mmscmd of gas but Essar will be able to ramp up production to 2 mmscmd only by March, 2017. Further the unit can go into full production only by mid 2017-18 when output will be ramped up further from the CBM field.

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IFFCO plans to buy fruit of Neem from farmers

noreply@blogger.com (Mohd Khalid Siddiqui) — Mon, 20 Jun 2016 09:32:00 +0000

India's largest fertilizer co-operative Indian Farmers Fertiliser Cooperative Limited (IFFCO) has come up with a scheme that will help farmers increase their income. It's a good news for farmers.

The company will purchase fruit of neem (nimori), usually discarded as waste, at the rate of Rs 15 a kilo. Farmers can visit any IFFCO office to sell nimori.

As the government has made it mandatory for fertiliser firms to produce neem-coated urea, the demand for neem extracts is expected to rise. The IFFCO has already planted over 1.5 lakh neem saplings.

Neem coated urea is eco-friendly, cost effective and has efficiency advantages. IFFCO also plans to process the nimori to make agro-based products like oil and fertilizers.

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Urea imports decline 23% in April-May this year compared to same period last year

noreply@blogger.com (Mohd Khalid Siddiqui) — Mon, 13 Jun 2016 10:19:00 +0000

India had imported 7.71 lakh tonnes of urea in April-May 2016 compared to 10.03 lakh tonnes in the same period last year. This is a decline of 23%.

Last financial year 2015-16,urea imports were at 84.74 lakh tonnes, a drop of 3.41%, due to higher domestic production. Official data records show India’s urea imports stood at 87.49 lakh tonnes in the fiscal of 2014-15. The production of urea reached its highest ever capacity of 245 lakh tonnes in 2015-16, a surge of 20 lakh tonnes from the previous output in 2014-15.

Last year, neem coated urea was made compulsory by the government, as it works as an insecticide and is beneficial to the soil. The coating of urea with neem also helps in diverting the fertiliser to be used for non-agricultural purposes in the industry.

The annual demand of urea in India is estimated to be 300 lakh tonnes, while output was stagnant at about 220 lakh tonnes in the last few years. The country had to import urea to meet the rest of the demand.

In India, urea is a controlled fertiliser and is marketed at a fixed price of Rs.5,360 a tonne. The subsidy is based on the difference between the selling price and cost of production, which is then given to the producers.

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Chambal Fertilisers (CFCL) profit down 27% at Rs 216.08 crore in FY'16

noreply@blogger.com (Mohd Khalid Siddiqui) — Thu, 09 Jun 2016 05:14:00 +0000

K.K. Birla group company Chambal Fertilisers and Chemicals Limited (CFCL) reported a 27% decline in its consolidated net profit at Rs 216.08 crore during last fiscal (ending Mar'16). Its net profit stood at Rs 294.61 crore in the year-ago period, according to a regulatory filing.

However, the company's total income from operations rose to Rs 10,527.32 crore in the FY15-16 from Rs 9,737.74 crore in the previous fiscal.

Share’s Data :-
BSE Code : 500085
Mkt. Cap : Rs 2,765.70 Crores
Chambal Fertilisers & Chemicals Ltd. share’s CMP is Rs 66.45 on 9th Jun 2016.

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TERI-IFFCO Kisan Sanchar Ltd enter partnership to improve farmer livelihood

noreply@blogger.com (Mohd Khalid Siddiqui) — Wed, 08 Jun 2016 04:40:00 +0000

TERI and IFFCO Kisan Sanchar Limited (IKSL) signed a Memorandum of Understanding to work together with the objective to “empower farmers and people living in rural India with pertinent and high quality information and services through affordable communication network in a sustainable manner.” The partnership is based on TERI’s expertise in developing knowledge based sustainable solutions in the field of agriculture and rural electrification, with the aim of mitigating impact of climate change and promoting efficient use of natural resources. While IKSL has extensive experience in broadcasting informal messages to rural communities, this is the first time that the organization will venture into enlightening rural households as part of its mandate. In this, IKSL finds an appropriate partner in TERI, which works with the underlying philosophy of implementing solutions at the grass root level to provide proof of concept and scale up solutions that work.

The scope of partnership will include:
 Awareness about benefits and availability of clean lighting and cooking solutions
 Providing information on energy solutions that enhance livelihoods (irrigation, poultry, processing), and community level solutions that improve energy conditions in schools, public health centers, etc.
 Training and capacity building for energy entrepreneurs and technicians at a village level for
providing clean energy
 Water use efficiency using low cost water management and storage solutions
 Promotion of integrated pest and nutrient management of various crops
 Promotion of bio-pesticide and bio-fertilizer
 Centralized service for community radio

Talking about the partnership, Dr Ajay Mathur, Director General, TERI said, “The TERI-IFFCO Kisan Sanchar Ltd partnership will provide bio-based products such as pesticides and fertilizers, and awareness about efficient use of natural resources to farmers in order to support increased productivity with increased sustainability. This will enhance the livelihoods and the quality of life of over one billion Indians who depend on agriculture”.

Mr Sandeep Malhotra, CEO, IKSL said, “We are relying on the technology developed by TERI to provide the kind of support that will empower the farmer, and disseminate that research knowledge through our platforms. We hope to synergise on each other’s strengths. This is a great opportunity, and we hope to
deepen this partnership further by exploring more areas for collaboration.”

About IFFCO Kisan Sanchar ltd :
IKSL, a subsidiary of IFFCO, works with the mandate to empower rural India by providing voice and text based alert, advisories and information for farmers to make informed decisions. Every day, it provides customized voice and text advisories to farmers in local languages free of cost. At present, more than 16 lakh farmers actively use these services. Further, IKSL has also launched a mobile agriculture application named
‘IFFCO Kisan’ exclusively dedicated to the farmers from villages who can also use data services. Through a combination of voice, text and data services, IFFCO Kisan strives to increase income, improve yield, enhance quality and reduce costs for farmers. The information provided includes latest mandi prices, weather forecast, latest agricultural advisory, farming best practices tips, animal husbandry, horticulture, agriculture expert advice, buyers & sellers platform, all agriculture news and information about government schemes.

About TERI :
The Energy and Resources Institute is an independent, not-for-profit research institute focused on energy, environment, and sustainable development and devoted to efficient and sustainable use of natural resources. Since its inception in 1974, TERI has emerged as an institution of excellence for its path-breaking research, and is a global brand widely respected by political leaders, policy makers, corporate entities as well as the civil society at large.

Jaiprakash Associates Limited has announced the following results for FY 2015-16

noreply@blogger.com (Mohd Khalid Siddiqui) — Sat, 04 Jun 2016 08:59:00 +0000

The Audited Consolidated results for FY 2015-16

The Group has posted a net loss after taxes, minority interest and share of profit of associates of Rs. 3345 crore for the year ended March 31, 2016 as compared to net loss of Rs. 1735 crore for the year ended March 31, 2015. Total Income has decreased from Rs. 19811 crore for the year ended March 31, 2015 to Rs. 17406 crore for the year ended March 31, 2016.

Source : moneycontrol.com

NFL Board recommends 12.1% Dividend

noreply@blogger.com (Mohd Khalid Siddiqui) — Thu, 02 Jun 2016 09:35:00 +0000

National Fertilizers Limited has informed BSE that the Board of Directors of the Company at its meeting held on May 23, 2016, inter alia, has recommended a dividend of Rs. 1.21 (12.10%) per share on the paid-up equity capital.

Kanpur Fertilizer's energy efficiency cum capacity raising project likely to be start in June 2016

noreply@blogger.com (Mohd Khalid Siddiqui) — Tue, 19 Apr 2016 06:45:00 +0000

Kanpur based urea producing company, Kanpur Fertilizer's Rs 700 crore energy efficiency cum capacity raising project is likely to be start in June 2016. Contractor selection is underway and other works like land preparation, pre-feasibility report and environment ministry clearance have already been completed. Casale and KBR are working on this project with the company project team.

Under this investment plan company plans to increase its energy efficiency from 7.2 gcals per ton to 6.5 gcals per ton. The plan also includes raising capacity of urea production to 11 lakh tonnes per annum (tpa) from present 7.2 lakh tonnes per annum (tpa).

Source : moneycontrol.com

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RCF gets clearance from PIB for its new expansion project

noreply@blogger.com (Mohd Khalid Siddiqui) — Sun, 03 Apr 2016 11:11:00 +0000

Public sector urea producer Rashtriya Chemicals and Fertilizers Limited (RCF) has received the clearance from Project Investment Board (PIB) for its Thal Project.

Present capacity of RCF Thal is 1300 mtpd of Ammonia and 2210 of Urea. Now the company is going to expand its capacity. It will set up a 2200 mtpd of Ammonia plant and 3850 mtpd of Urea plant. A gas based captive power plant (CPP) of 30 MW is also coming up along with 2×1000 kva diesel generator.

RCF is going to invest Rs 5500 crore in this project. Environment clearance has already been issued by the Ministry of Environment earlier. Now company is waiting for the approval from Cabinet Committee on Economic Affairs (CCEA).

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Environment Ministry clears Rallis India Rs 200 crore project in Gujarat

noreply@blogger.com (Mohd Khalid Siddiqui) — Thu, 17 Mar 2016 06:49:00 +0000

A Tata Enterprise company Rallis India has received green clearance from Union Environment Ministry to set up a Rs 200 crore manufacturing unit in Gujarat. This agro-chemical manufacturing plant will come up at Dahej SEZ Bharuch district, Gujarat.

As per the proposal, the company will set up a manufacturing plant with a capacity to produce 52,000 TPA agrochemical technical products and 10,000 TPA of agrochemical formulations along with 6 MW captive power plant.

Rallis India, has three technical manufacturing plants and one formulation plant in various parts of Gujarat and Maharashtra.

The company manufactures agricultural products for crop protection in different categories like insecticides, fungicides and herbicides. Rallis is also in the business of producing seeds, plant growth nutrients and agri services.

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UBC group plans to setup a urea production unit in Andhra Pradesh

noreply@blogger.com (Mohd Khalid Siddiqui) — Tue, 15 Mar 2016 08:45:00 +0000

New urea investment policy finally started attracting new investment in fertilizer sector. UBC group is going to invest Rs 10000 crore in Andhra Pradesh to setup a mega size urea production unit. This proposed urea unit will come up under the UBC Fertilizers & Chemicals Limited (UFCL).

UBC group is a professionally managed conglomerate having VBC Ferro Alloyes Limited, VBC Industries Limited, Konseema Gas Power Limited, Orissa Power Consortium Limited etc. under its umbrella.

The proposed complex will comprise Urea (2×3850) mtpd, Ammonia (2×2200) mtpd, Nitric Acid (2×400) mtpd and Ammonium Nitrate Explosive (2×500) mtpd. The feed stock for the production will be natural gas. A coal based captive power plant (CPP) of (2×67.5) MW capacity will also be come up in the complex.

The proposed plant will come up at Jaggayyapet in Krishna District of Andhra Pradesh. Natural gas pipeline, railway line, national highway and Krishna river all are not far away from the proposed site.

Urea manufactured in this plant will be available to the farmers of Andhra Pradesh, Karnataka, Kerala, Tamilnadu and Orisa.

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Happy New Year 2016 to all Kanpur Fertilizer guys

noreply@blogger.com (Mohd Khalid Siddiqui) — Thu, 31 Dec 2015 15:43:00 +0000

Wishing you and your family members a happy and prosperous New Year 2016. May the coming year bring more happiness to you than last year. Cheers to the New Year.

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Urea subsidy direct into Farmers Account

noreply@blogger.com (Mohd Khalid Siddiqui) — Sun, 13 Dec 2015 16:04:00 +0000

Central Agriculture Minister Dr Sanjive Balyan has said in a workshop on " Natural Farming and Cow Based Finance " that Urea Subsidy will be directly transferred into farmers account but conditions apply.

Following is the detail published in todays Amar Ujala News Paper.

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KRIBHCO announced to set up a P& K fertilizer plant in Andhra Pradesh

noreply@blogger.com (Mohd Khalid Siddiqui) — Sat, 03 Oct 2015 02:00:00 +0000

The cooperative giant Krishak Bharati Cooperative Limited (KRIBHCO) currently produces urea fertilizer. Now the company is entering into another variant of fertilizer production. The farmers' cooperative giant has announced to set up a Phosphoric and Potassic (P& K) fertilizer plant at Krishnapatnam in Andhra Pradesh with a total investment of Rs 1000 Crore.

At present, KRIBHCO has one urea plant in Hazira in Gujarat having an annual capacity of 2.2 million tonnes. The other plant Shyam-KRIBHCO is in Shajhanpur in Uttar Pradesh in partnership with the Shyam group having a capacity of 1 million tonnes and the third plant in Oman in partnership with IFFCO.

The Andhra Pradesh government is offering power at Rs 1 per unit for next 10 years, VAT exemption for next 7 years and host of other incentives for establishing new units in the state. To get the benefits of these offers KRIBHCO will establish its first P&K fertiliser plant in the state and will save about Rs 500 crore.

The Krishnapatnam Phosphoric and Potassic (P& K) fertilizer plant will produce 6 lakh tonnes of P& K fertilizer annually. It will take 4-5 years for the project to become operational. There are also plans to increase the capacity of this plant in the second phase and take the total annual capacity to 1.2 million tonnes per annum.

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Kanpur Fertilizers & Cement Limited (KFCL) will invest Rs 1100 crore to increase production

noreply@blogger.com (Mohd Khalid Siddiqui) — Fri, 02 Oct 2015 16:14:00 +0000

Kanpur based Jaypee group's urea producing company Kanpur Fertilizers & Cement Limited (KFCL) has announced to invest Rs 1100 crore for modification of the plant and a new unit to be established.

KFCL's Vice President Brigadier K.S. Rao has informed the media that Kanpur Fertilizer which were earlier known as Duncans Fertilizer was closed for about 10 years. The company started production again in May 2013 under the name of KFCL and with the same brand name Chand Chhap.

Currently company producing 7 lakh 20 thousand tonnes of urea per annum (tpa). It will increase to 11 lakh tonnes per annum (tpa) after completion of modification. The government has allotted 7.8 million calorie gas per annum to the company to produce the urea. KFCL produced 63761 tonnes of urea in September 2015.

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Innovative way to improve uptake of nutrients is Urea Deep Placement (UDP)

noreply@blogger.com (Mohd Khalid Siddiqui) — Wed, 30 Sep 2015 01:30:00 +0000

USA based company International Fertilizer Development Center (IFDC) is working on developing innovative procedures to improve nutrients uptake and at the same time reduce external impacts. The company CEO Amit Roy says that there is a lot of scope to innovate in the fertilizer sector.

The company has developed model called Urea Deep Placement (UDP) model. In this model prilled urea is compacted into larger briquettes of urea, which are then implanted deeper into the soil, at around 7-10cm depth. This model has been used successfully in rice farming in Bangladesh. With this innovative method the nitrogen consumption has been reduced by 30-35% and rice yields has been increased by 15-18%.

The technology we are using at present had been developed in the USA over 30 years ago. Now the time has come to produce more food as the world population is increasing. So its the need of time to innovate new methods to improve production.

Urea Deep Placement (UDP) model is now ready to use in Africa and across Asia after being successfully implemented in Bangladesh.

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USA scientists have discovered a nano particle based phosphorus fertilizer

noreply@blogger.com (Mohd Khalid Siddiqui) — Mon, 28 Sep 2015 17:22:00 +0000

There is lot of research is going on in the field of nano particles. At the University of Delaware at Newark USA, scientists have discovered a nano particle namely Hydroxy Apatite Nano particles (HANPs). This nano particle shows a unique behavior of slowing the release of phosphorous in soil. So it could be used as phosphorus nano fertilizer.

The nano particle based phosphorous fertilizer has three major advantages over conventional phosphorous fertilizer.
1. It does not release phosphorous as quickly as the conventional fertilizers.
2. It does not change the soil pH upon phosphorus release and the loss of phosphorous from soil is low.
3.The slow and steady release of phosphorus allows plants to continuously take up the nutrient as they grow.

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Zuari Agro Chemicals (ZACL) plans to increase its Urea capacity

noreply@blogger.com (Mohd Khalid Siddiqui) — Sun, 27 Sep 2015 19:16:00 +0000

Zuarinagar Goa based Zuari Agro Chemicals Limited (ZACL) currently producing 1500 tonnes of urea per day. The company is planning to increase this capacity to 1800 tonnes of urea per day. This expansion project will cost Rs 789 crore to the company. The company has already submitted its proposal to the MOEF this month.

Promoted in 1967 in Goa, by pioneering industrialist Dr KK Birla, Zuari Agro Chemicals Limited (ZACL) is one of the leading fertilizer conglomerates in India.. The company produces high-quality complex fertilizers of various grades along with seeds, pesticides, micro nutrients, and specialty fertilizers.

Share’s Data :-
BSE Code : 534742
Mkt. Cap: Rs 616.15 Crores
Zuari Agro Chemicals Limited (ZACL) share’s CMP is Rs 146.50 on 24th Sep 2015.

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Chambal Fertiliser (CFCL) Q1 FY15-16 Results : Net Profit rises 81%

noreply@blogger.com (Mohd Khalid Siddiqui) — Sat, 12 Sep 2015 17:02:00 +0000

K.K. Birla group company Chambal Fertilisers and Chemicals Limited (CFCL) has posted an increase in net profit for the period Q1 (ending Jun 2015) of the current fiscal (FY15-16). During the said quarter, net profit rises to Rs 146.32 crores in comparison to Rs 80.79 crores of corresponding period a year ago. Chambal has two fertiliser (urea) manufacturing plants located in Kota district of Rajasthan with an annual capacity of about 2 million tonne.

The company has informed the share market (BSE/NSE) that the total income/sales has increased to Rs 2439.08 crores in the Q1 (ending Jun 2015) of the current fiscal (FY15-16) as against Rs 1993.47 crores a year ago.

Share’s Data :-
BSE Code : 500085
Mkt. Cap : Rs 2,299.55 Crores
Chambal Fertilisers & Chemicals Ltd. share’s CMP is Rs 55.25 on 11th Sep 2015.

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