Chemical
Krishana Phoschem to start DAP & NPK plant by 2022
The company is planning to commence the project construction work by December 2020, subject to timely clearance from statutory authorities and other factors.
- By Pravin Prashant
| August 28, 2020
Krishana Phoschem Limited (a unit of Ostwal Group of Industries) is planning to operationalize its first ever DAP (Di-Ammonium Phosphate) & NPK Complexes (Nitrogen, Phosphorus and Potash) Plant in Madhya Pradesh by 2022.
In terms of completion of task, land measuring 1.60 lakh square meter has been allotted by MP AKVN (Madhya Pradesh – Audyogik Kendra Vikas Nigam) at Jhabua, Meghnagar. The company has applied for statutory clearance of the project from state government and respective authorities. The part of the plant is being imported from Spain for which the vendor has been finalized.
The company is planning to commence the project construction work by December 2020, subject to timely clearance from statutory authorities and other factors.
In India, there are only 21 units of DAP in comparison to 110 units of SSP. 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 2019.
Factors that will contribute to the increase of complex fertilizers (DAP & NPK) sales in India includes farmers’ shift towards cash crops, gradual awareness of balanced dose of nutrients, availability of soil health reports, the market development and awareness works done by public and private industry players.
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