Di-Ammonium phosphate (DAP) industry of India is in depressive phase

Author : Mohammad Khalid Siddiqui      Blog : Duncans Fertiliser      Date : 5/22/2013 7:11:00 AM

'Most of the Di-Ammonium phosphate (DAP) producers of India have shut their units or running in low capacity. Demand of DAP gone down due to the price increase and some other factors. It shows a depressing low phase of the DAP industry.Recently Zuari Agro Chemicals Limited had shut down its Di-Ammonium phosphate (DAP) plants at Zuari in Goa. Similarly Tata Chemicals too had closed down its two units of Di-ammonium Phosphate (DAP) at Haldia plant in West Bengal. Though its reason of s(...)'

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May Day Celebrations at Kanpur Fertilizers (Duncans/KFCL)

Author : Mohammad Khalid Siddiqui      Blog : Duncans Fertiliser      Date : 5/1/2013 4:55:00 PM

'May Day is also known as International Workers' Day. It is celebrated worldwide on 1st May of every year in the commemoration of 1886 Haymarket affair in Chicago. The workers of Chicago industries called a general strike on the demand of eight-hour workday. Police opened fire in a meeting of workers and killed many of them. Trade unions represents the interests of workers and the working class. On this day, more than 80 countries observe holiday. In most of the places it is celebrat(...)'

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Zuari fertilizer gets clearance from MOEF for fertiliser blending project

Author : Mohammad Khalid Siddiqui      Blog : Duncans Fertiliser      Date : 4/14/2013 5:43:00 PM

'Goa based Zuari Fertilisers and Chemicals Ltd. (ZFCL) complex gets success to clear its specified terms of reference (TOR) from MOEF (The Ministry of Environment and Forests) for its fertilizer blending project. This report will help the department to make an environment impact assessment (EIA) studies.This fertiliser blending unit of Zuari would have the capacity to produce 30 tonnes/hour of customized grades of complex fertilizers at it’s existing fertilizer complex in Goa. This u(...)'

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MFL expects to complete feedstock changeover by January 2014

Author : Mohammad Khalid Siddiqui      Blog : Duncans Fertiliser      Date : 4/1/2013 3:31:00 PM

'Manali based Public Sector Unit, Madras Fetilizers Limited (MFL) is working on its feedstock changeover project and expecting to complete it by January 2014. The company earlier planned to get the natural gas from Kakinada-Chennai pipeline after the completion of changeover project but Kakinada-Chennai pipeline is getting late. So MFL asked the GAIL to lay a 300 km spur line from its Kochi-Koottanad-Bangalore-Mangalore Pipeline (KKBMPL) to its plant at Manali, Tamil Nadu. The tappin(...)'

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GAIL plans to set up a gas based fertilizer plant

Author : Mohammad Khalid Siddiqui      Blog : Duncans Fertiliser      Date : 3/22/2013 5:13:00 PM

'Government owned Maharatna company GAIL (India) Limited plans to take advantage of new fertilizer policy. The company wants to continue its growth momentum and reach to a target of Rs.1,00,000 crore in revenues by 2017. To achieve this target GAIL management exploring new areas to enter and fertilizer sector is most attractive after the announcement of new fertilizer policy.GAIL plans to setting up a gas based fertilizer unit to ensure optimum utilization of its pipeline infrastruct(...)'

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Gujarat State Fertilizers & Chemical (GSFC) Q3 FY12-13 Results : Profit boosts by 49.5%

Author : Mohammad Khalid Siddiqui      Blog : Duncans Fertiliser      Date : 3/21/2013 6:00:00 PM

'State-run fertilizer company, Gujarat State Fertilizers & Chemical Limited (GSFC) has posted a boost in its fertilizers business net profit rises for the period Q3 (ending Dec 2012) of the current fiscal (FY12-13). During the said quarter, net profit rises 49.5% to Rs 168.18 crore in comparison to Rs 112.49 crores of Q3 (ending Dec 2011) of previous year (FY11-12).GSFC has informed the share market (BSE/NSE) that the fertilizers sales has increased Rs 1263.79 crore from Rs 834.9(...)'

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Fertilizer demand estimation for upcomming Kharif 2013

Author : Mohammad Khalid Siddiqui      Blog : Duncans Fertiliser      Date : 3/18/2013 5:16:00 PM

'Recently Joint Secretary (Crops) of Department of Agriculture and Cooperation has given a presentation, and as per that India will require 31.78 million tonnes of fertilizer for the coming Kharif (summer or monsoon) season 2013. The last year demand estimation was 33.37 million tonnes.Out of this 31.78 million tonnes of fertilizer required for Kharif 2013, different segmants of fertilizers will be like this.....Urea : 15.31 mn tonnesDAP : 6.45 mn tonnesMOP : 2.02 mn tonnesSSP : 2.52(...)'

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Indo Gulf Fertilizer to get natural gas from RIL's offshore KG-D6 fields

Author : Mohammad Khalid Siddiqui      Blog : Duncans Fertiliser      Date : 3/14/2013 5:19:00 PM

'Indo Gulf Fertilizer and Reliance Industries have signed an agreement today for supply of natural gas from Krishna-Godavari basin KG-D6 fields of RIL to Jagdishpur plant of Indo Gulf Fertilizer.As per the Gas Sales and Purchase Agreement (GSPA), Reliance Industries (RIL) will supply 0.228 mmscmd of natural gas to Indo Gulf Fertilizer. To get this gas through pipeline, Indo Gulf have to sign an agreement with state-owned GAIL India Limited. Reliance Industries (RIL) have to sign a si(...)'

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Duncans Fertiliser's BIFR hearing held on 4th March 2013

Author : Mohammad Khalid Siddiqui      Blog : Duncans Fertiliser      Date : 3/13/2013 4:37:00 PM

'Kanpur based Duncans Industries Limited (Kanpur Fertilizers & Cement Limited) has informed the market (BSE) about the proceedings of the misc. applications hearing held on 4th March 2013. The Hon'ble Board for Industrial and Financial Reconstruction (BIFR) Bench has fixed next hearing date on 2nd April 2013.Earliar some of the ex-employees like Harsh Kumar, Ali Mehdi, Devendra Kumar Parmar and Manoj Kumar Verma have filed Misc. Applicationas in the Hon'ble BIFR Bench.Following i(...)'

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National Fertilizers Limited (NFL) Q3 FY12-13 Results : Profit slips into Red

Author : Mohammad Khalid Siddiqui      Blog : Duncans Fertiliser      Date : 3/6/2013 5:43:00 PM

'National Fertilizers Limited (NFL), one of the premier manufacturers of nitrogenous fertilisers in the country, has posted a net loss in period Q3 (ending Dec 12) of the current fiscal (FY12-13). This loss is due to modernization-cum-expansion-related shut-down of Panipat and Bhatinda plants. In these plants of NFL, feedstock changeover projects are going on and scheduled for completion in the last quarter of current financial year.The company has posted a net loss of Rs 12.42 crore(...)'

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India would self reliant in urea by end of 12th Plan (2012-17)

Author : Mohammad Khalid Siddiqui      Blog : Duncans Fertiliser      Date : 2/17/2013 4:56:00 PM

'The Department of Fertilizers (DOF) expected that the demand of urea in the country by the end of 12th Five Year Plan (2012-17) will be around 360 lakh MT. At present the country have indigenous urea capacity of 220 lakh MT and 40 lakh MT from OMIFCO Oman. It shows a shortfall of 100 lakh MT of urea in the country. Credit rating major ICRA Limited foresees urea capacity addition of 100 lakh MT by end of 12th Five Year Plan period (2012-17) and India will be self-reliant in urea. Thi(...)'

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Matix Fertilizers trying to get environmental clearance for 2nd Phase expansion

Author : Mohammad Khalid Siddiqui      Blog : Duncans Fertiliser      Date : 2/13/2013 5:50:00 PM

'Matix Fertilizers and Chemicals Limited (MFCL), after completing its 1st Phase, is trying to get environmental clearance from Union Ministry of Environment and Forests, Government of India, for its 2nd Phase expansion to make the capacity double from 1.4 million tonnes per annum (mtpa) to 3 million tonnes per annum (mtpa) of urea. The company has to invest Rs 5000 crore for this 2nd Phase expansion in its existing fertilizer complex at Panagarh, Burdwan district, West Bengal.This 2n(...)'

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GNFC plans to find EPC contractors for its brownfield urea project

Author : Mohammad Khalid Siddiqui      Blog : Duncans Fertiliser      Date : 2/10/2013 11:04:00 AM

'Bharuch based Government owned Gujarat Narmada Valley Fertilizers Company (GNFC) plans to start its pre-project activities for its proposed brownfield ammonia-urea stream.The proposed brownfield stream will be located at its existing production complex at Bharuch, Gujrat. The brownfield project would comprise a 2500 tonnes per day (tpd) ammonia unit and 3850 tonnes per day (tpd) urea unit.The company searching for competitive EPC contractor for the same. Gujarat Narmada Valley Ferti(...)'

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Revamped NFL plants would save subsidy even with spot-priced imported gas

Author : Mohammad Khalid Siddiqui      Blog : Duncans Fertiliser      Date : 1/30/2013 5:12:00 PM

'National Fertilizers Limited (NFL) is a Mini Ratna PSU Company of India. Its a largest PSU in Fertilizers Sector. Its three plants located at Nangal, Panipat and Bathinda are about to complete feedstock changeover projects in fourth quarter of the current financial year. This project would cost to NFL about Rs 4066 crore.The Minister of State for Chemicals and Fertilisers Mr Srikant Kumar Jena said, “Decision regarding allocation of domestic natural gas to three units of NFL is awai(...)'

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GSFC expansion plans of Sikka Fertilizers Complex

Author : Mohammad Khalid Siddiqui      Blog : Duncans Fertiliser      Date : 1/29/2013 5:23:00 PM

'Estate owned Gujarat State Fertilizers & Chemicals (GSFC) plans an expansion of its Sikka Fertilizer Complex in Gujrat. Managing Director Atanu Chakraborty tld that they will spend Rs 1800 crore on this expansion project.The project involves setting up of ‘D Train' with a capacity to produce 1650 tonnes per day (tpd) of diammonium phosphate (DAP), similar capacity to produce NPK complex fertilizer and a 300 tonnes per day (tpd) single super phosphate (SSP) unit.In addition to th(...)'

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Jagdishput-Haldia pipeline Progress Update

Author : Mohammad Khalid Siddiqui      Blog : Duncans Fertiliser      Date : 1/18/2013 5:40:00 PM

'Jagdishput-Haldia pipeline is very crucial to revive the fertilizer units located along it. The defunct fertilizer units on this pipeline route are located at Kanpur, Gorakhpur, Barauni, Sindri, Durgapur and Haldia. These fertiliser units were using naphtha as feedstock. Naphtha being the costly feedstock, government had to pay much more subsidy for urea production. Therefore Government has restricted the use of naphtha beyond year 2013. Fertilizer units located along Jagdishput-Hal(...)'

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Fertilizer Ministry seeks loan from banks to pay subsidy bills

Author : Mohammad Khalid Siddiqui      Blog : Duncans Fertiliser      Date : 1/1/2013 4:39:00 PM

'Department of Fertilizers of Govt of India under the Ministry of Chemicals & Fertilizers is facing a problem of funding as the subsidy allocated in Budget 2012-13 has got finished in August 2012 itself. The Govt of India had allocated Rs 60,974 crore in current budget. To meet the subsidy bills of fertilizer companies, Fertilizer Ministry sought to get loan of Rs 30,000 crore from banks. Department of Fertilizers sent a letter to the Finance Ministry of Govt of India to arrange (...)'

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Author : Mohammad Khalid Siddiqui      Blog : Duncans Fertiliser      Date : 12/26/2012 5:37:00 PM

'IEL Employees Union General Secretory Arvind Kumar has informed  that "BIFR, after its hearing held on 11th Dec 2012, on an application and  objections filed by the IEL Employees'Union(CITU) against deliberate and undue delay by Govt of India (Department of Fertilizers) in giving permission to Kanpur Fertilizers & Cement Limited (KFCL) to restart the urea production from Kanpur based erstwhile Duncans closed but revamped fertilizer factory with Naphtha as feed sto(...)'

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Fertilizer industry facing liquidity crisis due to subsidy deficit

Author : Mohammad Khalid Siddiqui      Blog : Duncans Fertiliser      Date : 12/17/2012 6:11:00 PM

'Fertilizer Association of India (FAI) demands Finance Ministry an additional  subsidy increase of Rs 30,000 crore for the current year 2012-13. The original total subsidy allocation as made in the FY 12-13 Budget was Rs 65874 crore which is not sufficient for the full year. Now the Finance Ministry is not ready to increase any subsidy allocation.As per Fertilizer Association of India (FAI), “It is very difficult for the industry to continue production/import and supply of ferti(...)'

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Cabinet (CCEA) clears new urea investment policy

Author : Mohammad Khalid Siddiqui      Blog : Duncans Fertiliser      Date : 12/14/2012 5:57:00 PM

'The Cabinet Committee on Economic Affairs (CCEA) has cleared the new urea investment policy. The new policy offers a remarkable amount of incentives to green field projects (new urea plants) and the projects expanding capacity by existing companies. The new urea investment policy is focusing mainly to increase urea production in the country as there is a huge 8 million tonnes gap in supply demand in urea. Indian urea fertilizer producing companies are producing around 22 m(...)'

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