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Prime Minister Narendra Modi will on Sunday lay the foundation stone for a Rs 10,600-crore brownfield ammonia-urea plant in Dibrugarh district of Assam, giving a fillip to the fertiliser requirement of the entire region. Modi arrived in Assam on Saturday on a two-day trip, during which he is set to unveil multiple projects worth Rs 15,600 crore, around three months before the state is due to go for assembly polls. On the second day of his visit, the PM will lay the foundation stone for a new brownfield ammonia-urea fertiliser project at Namrup within the existing premises of Brahmaputra Valley Fertiliser Corp Ltd (BVFCL), according to an official release by the Prime Minister's Office. "Furthering PM's vision of farmers' welfare, the project, with an estimated investment of over Rs 10,600 crore, will meet fertiliser requirements of Assam and neighbouring states, reduce import dependence, generate substantial employment and catalyse regional economic development," it added. The PMO
India is preparing for higher fertiliser prices ahead of the crucial rabi (winter) crop season after China suspended exports of urea and specialty fertilisers from October 15, a senior industry official said on Tuesday. China, which had only recently resumed fertiliser exports from May 15 to October 15 with increased inspections, has now suspended the export window until further notice, affecting not just India but global markets as well. The suspension covers specialty fertilisers like TMAP (Technical Monoammonium Phosphate) and Urea-solution products like AdBlue, as well as conventional fertilisers such as DAP and urea. "China has closed the export window from October 15 not only for India but the entire world market," Soluble Fertilizer Industry Association (SFIA) President Rajib Chakraborty told PTI. "I believe the export suspension will be for the next 5-6 months," he said. India imports about 95 per cent of its specialty fertilisers, including phosphates like TMAP and ...
BJD MLAs created ruckus in the Odisha assembly for the third consecutive day on Saturday over alleged fertiliser scarcity across the state, prompting the Speaker to adjourn the proceedings till 4 pm. The party MLAs, holding placards and banners highlighting the fertiliser crisis and farmers' distress in the state, trooped into the well of the House and demanded a full-fledged discussion on the issue. Meanwhile, the House made an obituary reference to former MLA George Tirkey, who died on Friday night. The opposition members continued to raise their voices against the state's BJP government and blamed it for the farmers' distress. Unable to run the House, Speaker Surama Padhy adjourned the proceedings till 4 pm. The BJD members demanded that the Speaker cancel all the business of the House, including Question Hour, and hold a detailed discussion on the alleged fertiliser scarcity in the state. They claimed that the alleged fertiliser scarcity was due to black marketing and hoardin
India's specialty fertilizer industry is grappling with new regulations that have brought biostimulants under government control, with industry body warning that many small manufacturers may face closure due to compliance costs. The February 2025 amendment to the Fertilizer Control Order (FCO) has created significant challenges for the biostimulant sector, which operated without regulation for nearly a decade. "The industry is not fully ready to adopt the new regulations. They have to make a lot of investment. Many small SMEs who are operating will be wiped out in the process," Rajib Chakraborty, President of the Soluble Fertilizer Industry Association (SFIA), told PTI in an interview. The non-subsidized fertilizer segment includes soluble fertilizers, organic fertilizers, micronutrients, and stimulants -- collectively known as SOMS. While the first three categories have long been regulated under the Fertilizer Control Order, stimulants are now being brought under regulatory oversi
DCM Shriram Ltd on Monday reported a 52 per cent increase in its consolidated net profit to Rs 178.91 crore for the quarter ended March on higher income. Its net profit stood at Rs 117.80 crore in the year-ago period. Total income rose to Rs 3,040.60 crore in the January-March period of the last fiscal from Rs 2,555.23 crore in the corresponding period of the preceding year. During the 2024-25 fiscal, the company's net profit increased to Rs 604.27 crore from Rs 447.10 crore in the preceding year. Total income rose to Rs 12,883.46 crore in the last fiscal year from Rs 11,529.83 crore in 2023-24. DCM Shriram is into chemical, sugar, farm solutions and fertilizer businesses among others.