P. 1
Indian Fertilizer Industry

Indian Fertilizer Industry

|Views: 1.066|Likes:
Publicado porrhitskamal

More info:

Published by: rhitskamal on Sep 13, 2010
Direitos Autorais:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as DOCX, PDF, TXT or read online from Scribd
See more
See less

11/07/2012

pdf

text

original

Indian Fertilizer Industry

India is primarily an agriculture based economy. The agricultural sector and its other associated spheres provide employment to a large section of the country's population and contribute about 25% to the GDP. The Indian Fertilizer Industry is one of the allied sectors of the agricultural sphere. India has emerged as the third largest producer of nitrogenous fertilizers. The adoption of back to back Five Year plans has paved the way for self sufficiency in the production of food grains. In fact production has gone up to an extent that there is scope for the export of food grains. This surplus has been facilitated by the use of chemical fertilizers. The large scale use of chemical fertilizers has been instrumental in bringing about the green revolution in India. The fertilizer industry in India began its journey way back in 1906. During this period the first Single Super Phosphate (SSP) factory was established in Ranipet in Chennai. It had a capacity of producing 6000 MT annually. In the pre and post independence era a couple of large scale fertilizer units were established namely the Fertilizer Corporation of India in Sindri, Bihar and the Fertilizer & Chemicals Travancore of India Ltd in Cochin, Kerala. The Indian government has devised policies conducive to the manufacture and consumption of fertilizers. Numerous committees have been formed by the Indian government to formulate and determine fertilizer policies. The dramatic development of the fertilizer industry and the rise in its production capacity has largely been attributed to the favorable policies. This has resulted in large scale investments in all three sectors viz. public, private and co-operative. At present there are 57 large scale fertilizer units. These manufacture an extensive range of phosphatic, nitrogenous and complex fertilizers. 29 of these 57 units are

engaged in the manufacturing of urea, while 13 of them produce Calcium Ammonium Nitrate and Ammonium Sulphate. The remaining 20 fertilizer plants manufacture complex fertilizers and DAP. There are also a number of medium and small scale industries in operation, about 72 of them. The following table elucidates the installed capacity of each sector.

Sl. No N 1 2 3

Sector P Private Sector Public Sector Cooperative Sector Total

Capacity (LMT) N 53.94 34.98 31.69 P 35.13 4.33 17.13

Percentage Share

44.73 29.0 26.27

62.08 7.65 30.27

120.61

56.59

100.0

100.0

The Department of Fertilizers is responsible for the planning, promotion and development of the Fertilizer industry. It also takes into account the import and distribution of fertilizers and also the financial aspect. There are four main divisions of the department. These include Fertilizer Imports, Movement and Distribution, Finance and Accounts, Fertilizers Projects and Planning and Administration and Vigilance. It makes an assessment of the individual requirements of the states and union territories and then lays out an elaborate supply plan.

nitrogen and phosphate. The country has also emerged as one of the largest consumers of fertilizers along with China and the United States of America. inter alia. India produces both nitrogenous and phosphatic fertilizers in the domestic market. Notwithstanding these specificities. it lacks chief plant nutrients like potassium. . Coupled with the private enterprisers manufacturing fertilizers. The industry has shown unparalleled growth in the past few years. Major Players in Indian Fertilizer Market The development trajectory of the agricultural industry derives its main stimulus from the growth in production of fertilizers in India. The fertilizer industry earlier witnessed the preponderance of the public sector units who still retain their status as the major players in Indian fertilizer market. The lack of indigenous reserves of potash in India has stunted the production of potassic fertilizers in the country. Although growing in an accelerating rate. India has emerged as the third largest producer of the agro-input.Though the soil in India is rich in silt. the lack of major plant resources such as nitrogen. The various companies dedicated to the manufacture of fertilizers also produce straight phosphatic fertilizers such as single super phosphate and complex fertilizers such as di-ammonium phosphate or DAP. The fertilizer sector in India holds a major share among the energy intensive industries of the country. The increase in the production of fertilizers and its consumption acts as a major contributor to overall agricultural development. Urea and ammonium are the two popularly manufactured nitrogenous fertilizers in India. phosphate and potassium. the industry is faced with a number of challenges.

There are 63 large units dedicated to the production of fertilizers. Sector-wise. known as the Krishak Bharati Cooperative Limited (KRIBHCO) that functions under the supervision of the Department of Fertilizers in India. 9 units produce ammonium sulphate while 38 units produce urea. Nutrient-wise Installed Fertilizer Manufacturing Capacity as on 31. Among these.01. While the private sector has a huge installed capacity for phosphatic fertilizers.The Indian fertilizer industry has a capacity of 56 lakh MT of phosphatic nutrient and 121 lakh MT of nitrogen. There are 79 small and medium scale units producing single superphosphate. .2007 The government has established nine public sector undertakings in the Indian fertilizer market and one cooperative society. capacity utilization of nitrogenous fertilizers is higher in the public sector.

the sector will witness burgeoning production that will reach new heights in the coming years. 2007 quarter. 20.The public sector companies in Indian fertilizer market are listed below: y Fertilizer Corporation of India Limited (FCIL) y Hindustan Fertilizer Corporation Limited (HFC) y Pyrites. . Nagarjuna Fertilizers. Phosphates & Chemicals Limited y Rashtriya Chemicals and Fertilizers Limited (RCF) y National Fertilizers Limited (NFL) y Projects &Development India Limited (PDIL) y The Fertilizers and Chemicals Travancore Limited (FACT) y Madras Fertilizers Limited (MFL) y FCI Aravali Gypsum & Minerals India Limited. Managalore Chemicals. 677 Crore in the September. Jodhpur Along with the public sector units. Zauri Chambal. BEC Fertilizers and Gujarat State Fertilizers &Chemicals Limited. Some of the companies dedicated to the production of fertilizers include Khaitan Chemicals and Fertilizers Limited. there has been a euphoric growth in the production of fertilizers in the private sector as well. The flourishing industry will fill in the gap between demand and supply of fertilizers in India. Most of the companies are expecting an approval for their huge capital expenditure plans from the Department of Fertilizers in India. With an outstanding investment of Rs. The fertilizer industry in India shows an upward rising trend that would challenge the broader market in future years.

single super phosphate and ammonium are produced by the companies in India. earning foreign capital from the business. The country stands at the third position among the largest producers of the product in the world. Khaitan Chemicals and Fertilizers Limited has its office in Indore. India is also ranks among the highest consumers of fertilizers.This is the only company in the state of Karnataka that is .Private Companies in Indian Fertilizer Market A number of private companies in the Indian fertilizer market are engaged in production of the agro-input.This Company produces single super phosphate fertilizer and sulphuric acid. Complex fertilizers such as diammonium phosphate are also domestically produced. which is dependent for its optimization on the fertilizer industry. lack of indigenous reserves of potash does not support the production of potassic fertilizers in the country. Most of the companies also engage in exporting fertilizers in the global market. The nitrogenous fertilizer production capacity is higher in the public sector units while the private companies in the Indian fertilizer market have a larger capacity for the production of phosphatic fertilizers. However. Private Companies Producing Fertilizer in India Some of the private companies producing fertilizers in India are mentioned below:Khaitan Chemicals and Fertilizers Limited . Mangalore Chemicals . The euphoric growth in the business has also facilitated the agricultural industry of India. Phosphatic and nitrogenous fertilizers such as urea. The fertilizer is manufactured in the granular form in this company.

engaged in the manufacturing of chemicals and fertilizers.K Birla Group. Nagarjuna Fertilizers . the company is engaged in the production of bio-fuels. Gujarat State Fertilizers &Chemicals Limited . The company also provides engineering solutions and home finance. urea plant and ammonia plant in the country. Some of the other private companies engaged in the production of fertilizers in India are listed below: .An undertaking of the K. plant tissue culture and oleum. DAP plant. Zauri Chambal . The company was established in collaboration with the US Steel Corporation. The plant has an annual turnover of more than Rs. It also engages other activities such as refining petroleum. The company has established its unit in Bilaspur. this company is engaged in the production of fertilizers and agro-chemicals. Uttar Pradesh. The company has established NPK plant. this company engages in the production of fertilizers such as urea. hybrid seeds.The primary business of this company based in North India is the manufacture of urea and other farm inputs such as DAP. chemicals and pesticides. Along with fertilizers.With their office at Hyderabad. It also produces water soluble fertilizers. cement and chemicals. 800 crore.This Company is dedicated to the manufacture pf agro-inputs that will facilitate the agricultural sector. finance and power. DSCL . The company manufactures the product ANAND single super phosphate along with other micro-nutrients. plant hormones and chemicals for the protection of plants. urea. BEC Fertilizers . bio-fertilizers.This multiproduct company is dedicated to the production of fertilizers such as ammonium sulphate. DAP and NPK.

like no other sectors in India. therefore the fertilizer industry has wielded immense influence. In India. Concluding remarks on Indian Fertilizer Industry The Indian fertilizer industry has helped in the growth of the Indian economy. The private sector had only 13% share in the production in 1960-61. The government formulated the . Since the poor farmers could not afford to buy expensive fertilizing agents. food has been the primary objective owing to its huge population. To cater to the needs of the individual. government top priority has been towards production of food grain. the government's interventionist policy helped in providing the farmers fertilizers at a reasonable cost. Fertilizers have also played a pivotal role in India's food Security. For the Indian government. The private sector has always retained a higher share in the production of phosphatic fertilizer production. The fertilizer sector by enhancing the agricultural productivity has in turn resulted in providing a major support to the farmers who are primarily dependent on agriculture.y The Scientific Fertilizer Co Pvt Ltd y Coromandel Fertilizers y Deepak Fertilizers and Petrochemicals Corporation Limited y Apratim International y Aries AgroVet y Devidayal Agro Chemicals The production of nitrogenous fertilizer in the private sector has been increasing in the past few years.

Because of this.Retention Price-Cum Subsidy scheme which has been a major impetus for the fertilizing industry since 1977 to 1992. which was estimated to be initially 121 million tons from 52 million tons and finally increased to 208 tons. and technology. Increase in fertilizer consumption: Increase in fertilizer production: ts These periods also witnessed a rapid increase in food grain production. the urea plants have been assorted into groups to reduce them from being diverse and incomparable under the NPS scheme. its yield. promoting further investment in the Indian fertilizer sectors. At present the government has formulated a new pricing scheme (NPS) replacing the RPS. The following data compares the consumption against the production of fertilizers in India over the years. The NPS has been modified. The Fertilizer Association of India (FAI) has been set up a model which is based on several factors that include fertilizer prices. high yielding areas. irrigated areas. fertilizer . The fertilizer industry of India is not same in terms of stock.

Now. the main focus is on the improvement of the farm income. This will also help to improve terms between the government agencies and the fertilizer industry in India. . This is due to the rise in the cost of production and the inability of the government to raise the maximum retail price of the fertilizers.nutrient prices and previous years' fertilizer consumption. India stands as the third largest fertilizer consumer and producer of the world. An estimate of the demand and supply till the end of the 11 th five year plan is given in the chart below: Year Supply N+P Demand N+P+K 23125 24085 25035 25960 26900 Demand Supply Demand of K Gap N+P+K 2007-08 2008-09 2009-10 2010-11 2011-12 16950 17585 18595 19912 19965 8835 9305 9405 9178 10235 2660 2805 2965 3130 3300 Today.5% annually. This requires higher production of food grains. The total cropped area is only 30% of the net geographical area. It has been observed that the subsidies on Indian fertilizer have been rising at constant rate. for which the fertilizer industry needs to lay more stress on the agricultural activities in the country. The population of the country is rapidly increasing at 1. which is not enough for increasing the agricultural productivity.

In recent years. which demands a balance between the needs of the farmers and the fertilizer manufacturers. The government is faced with the piquant situation.Challenges before Indian Fertilizer Industry The growth trajectory of the Indian fertilizer industry has camouflaged the impending challenges with which it is faced. This has widened the gap between the demand and supply of fertilizers. Good monsoonal showers have led to the growth in agriculture. Agricultural milieu in India could be jeopardized by the uncertainties in the fertilizer industry. The challenges before the Indian fertilizer industry relate to the incertitude in the supply of fertilizers. The overseas suppliers of raw materials realize the predicament of the Indian fertilizer industry and have started exploiting the shortage through clever pricing. some of the private companies. which has led to an increase in the dependence of the country on imports. Another important factor that has led to the stunted growth of the fertilizer industry is the rise in prices of the feedstock. dedicated to the production of fertilizers . There has been a surge in the demand for fertilizers in the past few years. The fertilizer industry is dependent on gas for the production of urea and phosphoric acid for the production of phosphatic fertilizers and DAP. However. the robust growth in consumption propensity has not been met with the required surge in fertilizer production. inadvertently increasing the consumption rate of fertilizers. The country imports its inputs from other countries. This also reflects on the lack of realizing of the domestic capacity utilization of the reserves in the country. Growth and development of agriculture in India derives a significant stimulus from the fertilizer industry.

The pricing of the fertilizers are also dependent on the freight charges that are Baltic dry index. . The small size of the older plants and the low efficiency of the public sectors also pose as drawbacks of the industry. To retrieve the health and growth of the fertilizer industry. Recent policies of the government are directed towards revamping of these industries and restoring them to health. 50. The government has introduced policies to decontrol the prices but delayed the implementation of the parameters that have not augured in favor of the industry. As a result.have affectively taken stakes in the overseas sources of raw materials. it has however been unable to reduce the government's burden of subsidizing the rates. The delay in decision making and obscurity in setting parameters are among some of the major drawbacks of the government policies directed towards the industry. The fertilizer industry is faced with other challenges inter alia infrastructural bottlenecks and the uncertainties in government policies. Although this has aided the industry. fertilizer subsidies continue to mount and are expected to cross Rs. the government of India is in need of long term realistic policies that would enable the industry to overcome the challenges and survive the present impasse.000 crore in the year 2008. The fertilizer industry is remained protected under the umbrella of the Retention pricing scheme of the Indian government.

There are 79 small and medium scale units dedicated to the production of single super phosphate. The company has established four units at Durgapur (West Bengal). FCI comprises of four units in Gorakhpur (Uttar Pradesh). The Indian industries producing fertilizers have to total capacity of 56 lakh MT of phosphatic nutrient and 121 lakh MT of nitrogen.10 Crore during the financial year of 2004-2005. These function under the supervision of the Department of Fertilizers of India. It has incurred a net loss of 964. calcium ammonium nitrate and urea. Of the 63 large units producing fertilizers in India. 1961.Public Sector Companies in Indian Fertilizer Market There are a number of public sector companies in Indian fertilizer market producing complex fertilizers. Some of the public sector undertakings in this sector are mentioned below: Fertilizer Corporation of India Limited (FCIL) .Established on 14th March. ammonium sulphate. Hindustan Fertilizer Corporation Limited was incorporated consequent to the reorganization of the NFL Group of Companies and the Fertilizer Corporation of India Limited. Sindri (Jharkhand). 1978.This Company was established on 1st January. Haldia (West Bengal) and Barauni (Bihar). Namrup (Assam). 9 units are dedicated to the production of ammonium sulphate and 38 units produce urea. 1209. Ramagundam (Andhra Pradesh) and Talcher (Orissa). At present.61 . there are nine public sector undertakings in the Indian fertilizer market and one cooperative society. DAP. Hindustan Fertilizer Corporation Limited (HFC) . It was later reorganized with the National Fertilizers Limited from 1978. The company incurred a loss of Rs.

This recovered the loss incurred in the .44 LMT of urea in the same year. Pyrites. The Fertilizers and Chemicals Travancore Limited (FACT) . 113. In the year 2005-06. Pyrites. Phosphates & Chemicals Limited incurred a net loss of Rs. The company earned a profit of Rs. engineering and supervision of the fertilizer companies and pants.in the financial year 2005-2006.40 Crore.66 Crore at the end of the financial year of 2006. procurement. 116. It had produced 11447 tons of industrial nitrogen and 33. NFL showed a post-tax profit of Rs.Incorporated in the year 1943.64 Crore in 2005-06. 235. The company has two established plants at Cochin.This company was incorporated in the year 1978 consequently after the reorganization of the Fertilizer Corporation of India. Phosphates & Chemicals Limited .PDIL was registered in the yea 1978 after the reorganization of the Fertilizer Corporation of India. The net worth of the company in the year 2000-2001 was 1366 Crore. inspection. Projects &Development India Limited (PDIL) . National Fertilizers Limited (NFL) . The company has its units in Trombay and Thal. Dehradun (Uttaranchal) and Saladipura (Rajasthan). 10.This Company was incorporated in the year 1960 to explore the pyrites deposits in India. The company has earned a net profit of Rs. The company has played a pivotal role in the designing. 1974. Phosphates & Chemicals Limited has three units at Amjhore (Bihar). Pyrites.This company was incorporated on 23rd August. Rashtriya Chemicals and Fertilizers Limited (RCF) .91 in the year 2005-2006. FACT is dedicated to the production of Ammonium Sulphate. It had two nitrogenous plants during its inception at Bathinda and Panipat.

Jodhpur produced 8. (NLC) y Hindustan Copper Limited (HCL) y Steel Authority of India Limited (SAIL) .2 thousand tons of complex fertilizers using 25% of its capacity.This Company was registered as a government undertaking consequent to the reorganization of the Jodhpur Mining Organization. complex and bio-fertilizers and urea.MFL was registered in the year 1966. FCI Aravali Gypsum & Minerals India Limited. The company produced 208. FCI Aravali Gypsum & Minerals India Limited.5 thousand tons of Urea in 2005-06. Madras Fertilizers Limited (MFL) . The company has its plant in Chennai and is dedicated to the production of ammonia.previous year. Some of the other companies engaged in the production of fertilizers are listed below: y Paradeep Phosphates Limited (PPL) y Neyveli Lignite Corporation Ltd. MFL utilized 76% of its capacity to produce 368. Jodhpur .54 LMT of gypsum in the financial year of 2005-06.

The government policies for the fertilizer industry are devised to ensure a sustainable growth and development path in one of the most intensive sectors of the Indian economy. productive growth and subsidies forming the crux of the economic objectives of the government. This would enable the government to maintain prices of the fertilizers during the time of crisis. movement and distribution of the fertilizers and its successful policies have pitted India as the third largest consumer and producer of the agro-input in the world after China and the United States. The policies pursued by the government are devised in response to the recommendations of the high-powered committees of the country. Growth. with pricing mechanisms. The Retention Price Scheme introduced by the government followed the recommendation of the Marathe Committee that explored the possibilities of maintaining the farm gate prices of fertilizers. . Production of foodgrain in India derives the main stimulus for its growth from the fertilizer industry. production and usage of the fertilizer industry are directly dependent on the government policies. The government has intervened time and again in determining the prices. The Sivaraman Committee Report (1966) highlighted the importance of the balanced use of fertilizers along with providing adequate credit support for its distribution and usage.Government Policies and Indian Fertilizer Industry Government policies and Indian fertilizer industry share a direct nexus. The committee also provided inputs for realizing the importance of liberalization of fertilizer marketing that would promote the production of the domestic companies.

Change in government policies is however often responsible for hampering new investments in the industry. Reaching stagnancy.The first decontrol policies of the government were introduced in 1992 on the recommendations of the Joint Parliamentary Committee. Other committees provided recommendations on the methods of promotion. . The present objective of the government policies is to develop a long term program that would protect the interests of the domestic manufacturers and reduce the dependence of this industry on foreign imports. The production of phosphatic fertilizers in India is heavily dependent on imports as the country is not endowed with phosphate raw materials. The industry will soar up new heights and create a new growth story with the clearance of the projects and the approval of the new policies. 2007. Concessions to the naphtha based units were more than the other group as this showed lesser efficiency. the health of this industry can be restored with a more realistic policy pursued by the government. Although the investment in this sector was Rs 20. most of the bottlenecked projects have not been cleared by the Department of Fertilizers. The complex fertilizer industries were subdivided onto two categories in 2001 after the modification of the 1998 Tariff Commission. marketing. 677 crore in September. Phosphatic and potassic fertilizer industries were decontrolled by the government while urea industry continued to produce under subsidized rates. distribution and pricing of the fertilizers in India. Group I comprised of imported ammonia or industrial units using gas while Group II included industries using naphtha or fuel oil.

The commodity derivatives are preferred for the reason that they provide the investors with a better opportunity of diversifying their portfolios in addition to what the bonds. In the financial year 2002-2003. The multi-commodity exchanges have been quite helpful for the Indian retailers. Commodity trading in futures market comes in handy to minimize the risks arising out of fluctuations in demand and supple conditions. Commodity trading through future contracting has been beneficial for the Indian economy in a number of ways. In the same year the government also expanded the list of commodities that can be traded under the Forward Contracts (Regulation) Act. the volume of commodity trading in India recorded a . It was in the year 2003 that the Government of India took the first major initiative towards setting up multi-commodity exchanges across the nation. shares. because these national level exchanges enable them to carry out commodity trading through futures contract even when they do not have any physical stock of the same. The policy initiatives to establish multi-commodity exchanges at the national level were aimed to make the commodity trading in India more cost effective and develop the system of risk management to ensure financial integrity. It also helps to preserve the benefits derived from profitable economic activities. The commodity derivatives constitute an important part of the commodity futures trading in the Indian financial market. The concept commodity trading in futures market has been put in use very recently in the Indian market.Commodity Trading in India The commodity trading in India has become very popular among the traders and retail investors in the recent times. and real estates offer. 1952.

and ICICIcommtrade (ICICIdirect) are some of the well-known brokers that operate in the commodity exchanges of India. the traders and retail investors need to take the help of the registered equity brokers of the respective exchanges. .8 millions. the National Multi Commodity Exchange of India Ltd and the National Commodity and Derivative Exchange are the three multicommodity exchanges that are functional in India. The ISJ Comdesk (ISJ Securities). while the corresponding figure in the 2001-2002 fiscal stood at US$ 8070. Both cash-settled and delivery mechanisms can be used for commodity trading in India. To participate in the commodity futures trading. castor seed. oilseed complex. The commodities that are mostly traded through commodity exchanges in India include jute. It is very simple to start trading in the multi-commodity exchanges of India.significant increase. The traders just need to have a separate bank account for the purpose. The total value of commodity exchanges in 2002-2003 amounted to around US$ 23391. Sunidhi Consultancy.17 millions. The Multi Commodity Exchange of India Ltd. pepper. Refco Sify Securities. and soybean complex. All these three exchanges make use of electronic settlement and trading systems to ensure secured and hassle-free commodity trading. A commodity demat account with the National Securities Depository Limited is all that is required to initiate commodity trading in the National Commodity and Derivative Exchange of India.

phosphate and potassium. Although growing in an accelerating rate. Coupled with the private enterprisers manufacturing fertilizers. inter alia. Urea and ammonium are the two popularly manufactured nitrogenous fertilizers in India. the industry is faced with a number of challenges. India produces both nitrogenous and phosphatic fertilizers in the domestic market. The fertilizer sector in India holds a major share among the energy intensive industries of the country. Notwithstanding these specificities. . India has emerged as the third largest producer of the agro-input. The various companies dedicated to the manufacture of fertilizers also produce straight phosphatic fertilizers such as single super phosphate and complex fertilizers such as di-ammonium phosphate or DAP.Major Players in Indian Fertilizer Market The development trajectory of the agricultural industry derives its main stimulus from the growth in production of fertilizers in India. The Indian fertilizer industry has a capacity of 56 lakh MT of phosphatic nutrient and 121 lakh MT of nitrogen. While the private sector has a huge installed capacity for phosphatic fertilizers. The industry has shown unparalleled growth in the past few years. capacity utilization of nitrogenous fertilizers is higher in the public sector. The fertilizer industry earlier witnessed the preponderance of the public sector units who still retain their status as the major players in Indian fertilizer market. The country has also emerged as one of the largest consumers of fertilizers along with China and the United States of America. The lack of indigenous reserves of potash in India has stunted the production of potassic fertilizers in the country. the lack of major plant resources such as nitrogen.

There are 63 large units dedicated to the production of fertilizers.Sector-wise.01. Among these. 9 units produce ammonium sulphate while 38 units produce urea. known as the Krishak Bharati Cooperative Limited (KRIBHCO) that functions under the supervision of the Department of Fertilizers in India. The public sector companies in Indian fertilizer market are listed below: y Fertilizer Corporation of India Limited (FCIL) y Hindustan Fertilizer Corporation Limited (HFC) y Pyrites. Nutrient-wise Installed Fertilizer Manufacturing Capacity as on 31.2007 The government has established nine public sector undertakings in the Indian fertilizer market and one cooperative society. There are 79 small and medium scale units producing single superphosphate. Phosphates & Chemicals Limited y Rashtriya Chemicals and Fertilizers Limited (RCF) .

With an outstanding investment of Rs. the sector will witness burgeoning production that will reach new heights in the coming years.y National Fertilizers Limited (NFL) y Projects &Development India Limited (PDIL) y The Fertilizers and Chemicals Travancore Limited (FACT) y Madras Fertilizers Limited (MFL) y FCI Aravali Gypsum & Minerals India Limited. Managalore Chemicals. BEC Fertilizers and Gujarat State Fertilizers &Chemicals Limited. Jodhpur Along with the public sector units. 677 Crore in the September. Zauri Chambal. The flourishing industry will fill in the gap between demand and supply of fertilizers in India. Some of the companies dedicated to the production of fertilizers include Khaitan Chemicals and Fertilizers Limited. 20. there has been a euphoric growth in the production of fertilizers in the private sector as well. . Most of the companies are expecting an approval for their huge capital expenditure plans from the Department of Fertilizers in India. The fertilizer industry in India shows an upward rising trend that would challenge the broader market in future years. Nagarjuna Fertilizers. 2007 quarter.

You're Reading a Free Preview

Descarregar
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->