NEW DELHI: Cooperative main IFFCOwhich sells typical granular in addition to nano (liquid) fertilisers, has reported 62% build up in internet benefit to document Rs 3,052.73 crore for the remaining fiscal yr on higher source of revenue.
Its benefit stood at Rs 1,883.77 crore within the earlier yr.
Total earnings additionally grew to Rs 60,324 crore in 2022-23 from Rs 40,171.67 crore within the earlier yr.
“IFFCO has registered the highest ever Profit After Tax of Rs 3,053 crore along with the highest ever turnover of Rs 60,324 crore for FY22-23,” IFFCO’s MD US Awasthi mentioned.
He attributed the document benefit to raised plant efficiency, environment friendly advertising and marketing channel, excellent make stronger from the federal government and higher control.
On operational entrance, IFFCO reported the absolute best ever manufacturing of 95.61 lakh tonnes remaining fiscal. It additionally accomplished the absolute best manufacturing of nano fertilizers at 479.38 lakh bottles of 500 ml every.
The corporate bought 128.07 lakh tonnes of fertilizers within the remaining fiscal. The sale of nano fertilizers was once at document 326.53 lakh bottles.
“Nano fertilizers provide a cheaper, effective and efficient alternative to traditional fertilizers, requiring less raw materials and help in making nation self-sufficient while reducing dependence on imports, thus moving in the direction of ‘Atmanirbhar Bharat, Atmanirbhar Krishi’,” IFFCO mentioned .
In June 2021, Indian Farmers Fertilizer Cooperative Ltd. (IFFCO) introduced the sector’s first nano urea fertiliser.
Recently, Cooperation Minister Amit Shah introduced IFFCO’s nano liquid DAP fertilizer for business sale at Rs 600 consistent with 500 ml bottle.
IFFCO’s nano DAP fertilizer was once authorized by means of the Agriculture Ministry and notified within the Fertilizer Control Order (FCO) in March this yr in line with its encouraging effects.
The cooperative has arrange production amenities for the manufacturing of nano DAP fertilizers at Kalol, Kandla in Gujarat and Paradeep in Odisha.
Production at Kalol Plant has already began and this yr 5 crore bottles of nano DAP liquid, similar to twenty-five lakh tonne of DAP, might be produced.
Nano DAP accommodates 8% nitrogen and 16% of phosphorus in a bottle.
IFFCO has bought 5.44 crore bottles of nano urea since August 2021.
Its benefit stood at Rs 1,883.77 crore within the earlier yr.
Total earnings additionally grew to Rs 60,324 crore in 2022-23 from Rs 40,171.67 crore within the earlier yr.
“IFFCO has registered the highest ever Profit After Tax of Rs 3,053 crore along with the highest ever turnover of Rs 60,324 crore for FY22-23,” IFFCO’s MD US Awasthi mentioned.
He attributed the document benefit to raised plant efficiency, environment friendly advertising and marketing channel, excellent make stronger from the federal government and higher control.
On operational entrance, IFFCO reported the absolute best ever manufacturing of 95.61 lakh tonnes remaining fiscal. It additionally accomplished the absolute best manufacturing of nano fertilizers at 479.38 lakh bottles of 500 ml every.
The corporate bought 128.07 lakh tonnes of fertilizers within the remaining fiscal. The sale of nano fertilizers was once at document 326.53 lakh bottles.
“Nano fertilizers provide a cheaper, effective and efficient alternative to traditional fertilizers, requiring less raw materials and help in making nation self-sufficient while reducing dependence on imports, thus moving in the direction of ‘Atmanirbhar Bharat, Atmanirbhar Krishi’,” IFFCO mentioned .
In June 2021, Indian Farmers Fertilizer Cooperative Ltd. (IFFCO) introduced the sector’s first nano urea fertiliser.
Recently, Cooperation Minister Amit Shah introduced IFFCO’s nano liquid DAP fertilizer for business sale at Rs 600 consistent with 500 ml bottle.
IFFCO’s nano DAP fertilizer was once authorized by means of the Agriculture Ministry and notified within the Fertilizer Control Order (FCO) in March this yr in line with its encouraging effects.
The cooperative has arrange production amenities for the manufacturing of nano DAP fertilizers at Kalol, Kandla in Gujarat and Paradeep in Odisha.
Production at Kalol Plant has already began and this yr 5 crore bottles of nano DAP liquid, similar to twenty-five lakh tonne of DAP, might be produced.
Nano DAP accommodates 8% nitrogen and 16% of phosphorus in a bottle.
IFFCO has bought 5.44 crore bottles of nano urea since August 2021.