Deepak Fertilizers starts new NPK grade fertilizers manufacturing at Taloja facility investing 8 bn rupees

PUNE | MUMBAI | AHMEDABAD | RAJKOT – Deepak Fertilizers and Petrochemicals Corporation Ltd has started new grade of NPK (Ammonia, Phosphorous and Potassium) grade of fertilizers at Taloja (Maharashtra) facility investing 8 billion (800 crore) rupees and scaling company’s fertilizers production four times at 1.1 million (11 lakh) tonnes from 300,000 tonnes per annum, the facility also happens to be the first and only facility in India with one-of-its-kind fully automated bagging facility, the company press release said.

With increased manufacturing capacity, the company emerges as the largest manufacturer of NPK grade fertilizers in Maharashtra and in addition to the company’s core markets in Maharashtra, Karnataka and Gujarat, the company will also cater the NPK grade fertilizers needs in Northern and Souther agrarian markets of the nation, the release said.

Maharashtra state with strong horticulture production of fruits including grapes, pomegranates, banana, oranges, other fruits and vegetable crops which are amenable to NPK grade of fertilizers, provides a huge market opportunity to the company and additional production will give access to newer markets to serve the need of 7 million farmers from 3 million farmers presently serviced by the company, the release said.

The new NPK grades of fertilizers will be marketed under company’s flagship brand ‘Mahadhan’ which has a strong brand recognition due to its 25-years presence and strong farmer bond. The dealers and farmers are eagerly waiting for the new NPK grade of fertilizers under the brand name, the release said.

Around 1.3 million (13 lakh) tones of imported non-urea NPK fertilizers were consumed last year, providing a ready market for domestic NPK fertilizers and the capacity addition is a shining example of ‘Make in India’, the release said.

The company offers a basket of over 48 traded products which includes bulk fertilizers, specialty fertilizers, water soluble fertilizers, micro nutrients, secondary nutrients.

Investors and markets cheered the development and the company’s shares ended in green zone on positive counters on the two leading Indian bourses – BES and NSE.

 

 


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