Image Source: WOWNEWS24X7
Madhya Bharat Agro Products Ltd approved a ₹600–650 crore expansion of its Dhule fertilizer plant, raising DAP/NPK capacity to 330,000 MT annually and adding new SSP, Phosphoric Acid, and Sulfuric Acid units. The move strengthens its agrochemical footprint and supports India’s rising agricultural demand.
Show more
Madhya Bharat Agro Products Ltd (MBAPL) has announced board approval for a significant expansion of its DAP/NPK plant in Dhule, Maharashtra. The project, valued at ₹600–650 crore, will substantially enhance the company’s production capabilities across multiple fertilizer lines.
Key Highlights
-
Capacity Expansion: The Dhule facility will see DAP/NPK capacity rise to 330,000 MT per year, Phosphoric Acid to 99,000 MT per year, and Sulfuric Acid to 198,000 MT per year.
-
New Additions: A Single Super Phosphate (SSP) plant with 330,000 MT annual capacity will also be set up.
-
Strategic Intent: The expansion aims to strengthen MBAPL’s market position in the agrochemical sector and cater to India’s growing demand for fertilizers.
-
Sectoral Impact: With agriculture remaining a cornerstone of India’s economy, the move is expected to support farmers by ensuring steady supply of essential inputs.
-
Investor Sentiment: Analysts view the expansion as a long-term growth driver, enhancing both revenue potential and competitiveness.
Strategic Insight
This expansion underscores MBAPL’s commitment to scaling operations and supporting India’s food security goals. By diversifying product lines and boosting output, the company is positioning itself as a key player in the fertilizer industry.
Sources: ScanX News, Moneyworks4meMoneyWorks4Me, StockInsights.ai
Stay Ahead – Explore Now!
Fitch Assigns ‘BBB-(EXP)’ Rating To Exim Bank’s Proposed Senior Bonds
Advertisement
Advertisement