 "Jubilant Industries to stop production at SSP plant in Rajasthan")
Jubilant Industries Ltd, the flagship company of agri and performance polymers business of the Jubilant Bhartia group, has decided to temporarily stop single super phosphate (SSP) production from its Kapasan (Rajasthan) facility.
“Considering the unfavourable market conditions, the management of the company's material unlisted subsidiary, Jubilant Agri and Consumer Products Limited, have decided to temporarily discontinue the operations of its manufacturing facility located at Kapasan, Rajasthan engaged in the production of single super phosphate with immediate effect till further intimation,” said Jubilant Industries in a BSE filing on July 1, 2016.
The Kapasan manufacturing facility contributed revenues of Rs 4.01 crore for the financial year ended March 31, 2016 and its networth as on March 31, 2016 was Rs 50.43 crore, constituting 0.66 percent of the company’s consolidated revenue and 22.22 percent of the company's consolidated net worth.
SSSP, one of the main forms of phosphate fertilisers used in India, is a multi-nutrient fertiliser containing phosphate as primary nutrient and sulphur & calcium as secondary nutrients. It is preferred by small and marginal farmers due to lowest price per kg and is the cheaper source of sulphur.
SSP contributes around 15 percent to the total phosphate fertiliser usage in India, while in countries such as Egypt, China, Brazil, etc; the average contribution of SSP to the total phosphate fertilisers is much higher.
“Considering the unfavourable market conditions, the management of the company's material unlisted subsidiary, Jubilant Agri and Consumer Products Limited, have decided to temporarily discontinue the operations of its manufacturing facility located at Kapasan, Rajasthan engaged in the production of single super phosphate with immediate effect till further intimation,” said Jubilant Industries in a BSE filing on July 1, 2016.
The Kapasan manufacturing facility contributed revenues of Rs 4.01 crore for the financial year ended March 31, 2016 and its networth as on March 31, 2016 was Rs 50.43 crore, constituting 0.66 percent of the company’s consolidated revenue and 22.22 percent of the company's consolidated net worth.
SSSP, one of the main forms of phosphate fertilisers used in India, is a multi-nutrient fertiliser containing phosphate as primary nutrient and sulphur & calcium as secondary nutrients. It is preferred by small and marginal farmers due to lowest price per kg and is the cheaper source of sulphur.
SSP contributes around 15 percent to the total phosphate fertiliser usage in India, while in countries such as Egypt, China, Brazil, etc; the average contribution of SSP to the total phosphate fertilisers is much higher.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%