FERTILISER INDUSTRY - FERTILE GROUNDS
Article Abstract:
Following the delicensing of the fertiliser industry in India, investments in the sector have increased from Rs13,100 crore in 1991 to Rs32,000 crore in 1998. As of March 1998, India had 22 urea producers with a total installed capacity of 182.54 lakh tonnes per annum. Of the total nitrogenous fertiliser capacity in the country, the public sector accounts for 42 percent, the private sector 36 percent and the co-operative sector 22 percent. As of October 1998, 24 urea plants are to be installed in India to add 125 million tonnes per annum at a cost of Rs23,163 crore. Thirteen percent of the total investment envisaged in urea projects will be in public sector firms. The National Fertilisers Ltd of the public sector is, with a capacity of 28 lakh tonnes, the second largest urea manufacturer in India. The National Fertilisers Ltd is expanding the capacity of its Nangal plant in Uttar Pradesh by 1.49 lakh at a cost of Rs1.27 crore. Fifty-four percent of the proposed investment in 14 urea projects would be in the private sector. These would have a total manufacturing capacity of 76 lakh tonnes per annum. The Chambal Fertilisers & Chemicals, of the KK Birla group, plans to expand its capacity from 7.42 lakh tonnes per annum to 14.68 lakh tonnes per annum at a cost of Rs1,256 crore. The 2 leading co-operatives - the Indian Farmers' Fretilisers Co-operative and the Krishak Bharati Co- operative - propose to set up 4 urea projects having a total capacity of 29 lakh tonnes per annum. (uh/kvr)
Comment:
Following the delicensing of the fertiliser industry in India, investments in the sector have increased from Rs13,100 crore in 1991 to Rs32,000 crore in 1998.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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FERTILISER COS FACE TOUGH TIMES AS UREA DEMAND DIPS
Article Abstract:
Fertiliser companies are likely to be adversely affected by huge carrying costs as all offtake of urea has stopped for the last two months due to a glut in the market and no sales are expected before June 1999, when the kharif season begins. Urea companies, especially in north India, are saddled with a large inventory in this rabi season due to delayed rains. Uttar Pradesh currently has a stock pile of 6.3 lakh tonnes, Punjab 2 lakh tonnes, Haryana 1.6 lakh tonnes, Rajasthan 1.9 lakh tonnes, Bihar 1.6 lakh tonnes and West Bengal 1.5 lakh tonnes. (khr)
Comment:
Fertiliser companies are likely to be adversely affected by huge carrying costs as all offtake of urea has stopped for the last two months due to a glut in the market and no sales are expected before June 1999, when the kharif season begins.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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LNG PROJECT TO AID FERTILISER SECTOR LIKELY
Article Abstract:
The core group of the fertiliser industry has recommended the setting up of a Rs21,832 crore liquefied natural gas (LNG) project to meet the feedstock requirements of the fertiliser sector. The group has suggested setting up a 7 million tonnes per annum LNG project to be implemented in two phases with an overseas liquefaction plant. Kishorprasad Nagar on the east coast has been identified as the most preferred location for the regassification terminal. (khr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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