28 December 2014

Ishika Fertilizers plans to stablish a single super phosphate (SSP) project in West Bengal

West Bengal is gearing up for attracting more projects to come in the state. A Rs 60 crore greenfield project for producing single super phosphate (SSP) have to come in Paschim Medinipur District of West Bengal. This project will be set up by Ishika Fertilizers Limited (IFL).

The project would have a capacity to produce 120,000 tonnes per annum (tpa) of granulated SSP and 60,000 tonnes per annum (tpa) of Sulfuric Acid . Approximately 40,000 tonnes per annum (tpa) of the acid will be consumed for manufacture of SSP, and the balance will be sold out in market.

This project would also generate 1.5 MW of captive power through waste heat recovery boilers. The plant will also have emergency back generators.

Ishika Fertilizers Limited (IFL) has been promoted by Sanei group of companies. The group has a NPK mixture fertilizers unit that operates under the name G.S. Fertilisers Limited in Burdwan District. The group has business interest in dealing with Maruti Car through its subsidiary Sanei Motors Pvt. Limited.  

Stay tuned to Fertilizer News for getting more details on Ishika Fertilizers Limited (IFL) !

05 November 2014

Kanpur Fertilizers & Cement Limited (KFCL) - Record Production Achieved in Oct.2014

Kanpur based Jaypee group's urea producing company Kanpur Fertilizers & Cement Limited (KFCL) has achieved a new milestone by producing more than 60 thousand tonnes of urea in a single month. In October 2014, the company produced 60616 tonnes of urea which is an all-time high record.

KFCL's Factory Manager Brigadier K.S. Rao has informed the media that we are working continuously to get more production here. In this connection we are installing new ultra modern boiler to replace the existing old boilers. The other important step we are taking is that old electrical motors will be replaced by new motors and it will save 1 MW of electricity per month. Plant capacity too we are going to increase from present 7 lakh 20 thousand tonnes per annum (tpa) to 11 lakh tonnes per annum (tpa).  

Stay tuned to Fertilizer News for more news on Kanpur Fertilizers & Cement Limited (KFCL) ! 

29 October 2014

Fertilizer sector profitability would decline from 1st November 2014

Reliance is going to increase its gas prices from 1st November 2014. It could adversely affect the economics of the key user industries including power and fertiliser. As per the latest report of India Ratings & Research (Ind-Ra) the profitability of fertilizer sector would decline under the impact of increase in gas price. There would be a three-fold impact on fertilizer manufacturers by this increase in domestic gas prices.

1. The per unit subsidy on urea will increase, leading to higher working capital requirements as subsidy dues are usually paid with a lag. The interest costs on higher working capital requirement will have to be borne by fertilizer manufacturers.

2. The profitability of urea manufacturers selling above 110% of the re-assessed capacity will be lower as the sale price is linked to import parity price but the costs are not pass through.

3. Non-urea manufacturers will also have to either bear the higher gas prices or pass them on to the consumers.

Stay tuned to Fertilizer News for getting more details on Domestic Gas Prices !