Chemical
Krishana Phoschem aims to reduce India's DAP fertilizer imports
Company is planning to manufacture first ever DAP (Di-Ammonium Phosphate) & NPK Complexes (Nitrogen, Phosphorus and Potash) (NPK) plant in Madhya Pradesh by 2022.
- By Pravin Prashant
| September 14, 2020
Krishana Phoschem Limited (a unit of Ostwal Group of Industries) is planning to manufacture first ever DAP (Di-Ammonium Phosphate) & NPK Complexes (Nitrogen, Phosphorus and Potash) (NPK) plant in Madhya Pradesh by 2022 thereby reducing India's DAP fertilizer imports.
In India there are only 21 units of DAP as compared to 110 units of SSP (Single Super Phosphate) and based on the statistical provisional data of FAI, 72% of the total demand of DAP fertilizer in India has been met from imports and only 28% has been met domestically in FY 2018-19.
The total sales in India of Single Super Phosphate (SSP) for the FY 2019-20 stood at 42.09 Lakh MT and Ostwal Group stood at 4th position and accounted for around 8% of total SSP market share in India in FY 2019-20.
Krishana Phoschem Limited has an installed capacity of 120,000 MT p.a. for SSP; 200,000 MT p.a. for BRP; 99,000 MT p.a. for Sulphuric Acid; and 1,324 MT p.a. for other chemicals.
Land measuring to 1.60 lakh square meters has been allotted by MP AKVN (Madhya Pradesh – Audyogik Kendra Vikas Nigam) at Jhabua, Meghnagar for the fertilizer plant and the company has applied for statutory clearance of the project from state government and respective authorities.
The company is importing part of the plant from Spain for which the vendor has been finalized. The commencement of construction work will start by December 2020, subject to timely clearance from statutory authorities and other factors.
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