Basant Agro acquires SSP plant

Basant Agro Tech India, a private company operating in the fertilizer sector, has acquired the single super phosphate fertilizer (SSP) plant in Madhya Pradesh having installed capacity of 75,000 tonnes per annum (TPA) of SSP fertilizers and 50,000 TPA of NPK mixture fertilisers.

The total cost consideration for this acquisition remained undisclosed.
With this the total installed capacity of the  company has gone up to 195,000 TPA of SSP fertilisers.

Effective May 1, the government enhanced the subsidy on SSP fertilizers from Rs 1,125 per metric tonne to Rs 3,658 per metric tonne which is expected to benefit the company at length.