By: ICN Bureau
Last updated : May 27, 2025 1:44 pm
Plant to be commissioned by FY 2027; aims to reduce import dependency and support fertiliser self-sufficiency
Caitlyn India Private Limited (CIPL) today announced a Rs. 400 crore investment to set up a 50,000 tonnes per annum (TPA) integrated phosphoric acid plant in India. The facility will be located in a port-accessible industrial zone, with the company currently evaluating options in southern India. The project will require approximately 30 to 50 acres of land.
The plant will use hemihydrate–dihydrate (HH-DH) technology, enabling high-purity phosphoric acid production and cleaner gypsum by-products. It will also include a captive sulphuric acid unit to support cost-effective and efficient operations. CIPL aims to commission the plant by FY 2027.
Initially, phosphoric acid output will be supplied to Indian fertiliser manufacturers. The company also plans to use a portion of the production captively, once it sets up its own NPK fertiliser facility in the future.
“India’s phosphoric acid market is expanding rapidly, but domestic supply continues to lag behind demand,” said Agnivesh Agarwal, Director, CIPL.
“This investment reflects our commitment to support the country’s fertiliser sector with high-quality, locally produced inputs, while also building a globally competitive, sustainable manufacturing facility.”
India’s phosphoric acid demand is expected to grow from 4,948 KTPA in 2018 to 8,773 KTPA by 2030, driven by increased fertiliser usage and agricultural productivity goals. However, the country continues to rely heavily on imports. The market, valued at USD 2.62 billion in 2024, is projected to reach USD 4.91 billion by 2033, at a CAGR of 6.7 percent.
CIPL plans to source its primary raw material, rock phosphate, from countries including Morocco, Jordan and Egypt. The company is exploring long-term contracts to ensure stable supply and pricing.
This investment aligns with national efforts to enhance fertiliser self-sufficiency and reduce import dependence. According to IBEF, the Indian fertiliser industry is expected to grow to Rs. 1.38 lakh crore (US$ 16.58 billion) by 2032. In FY24, fertiliser production reached 45.2 million tonnes, supported by government policies promoting balanced nutrient use, modernisation, and innovations such as nano-liquid fertilisers.
CIPL’s project is expected to create direct and indirect employment during the construction and operational phases, while strengthening the agri-input manufacturing ecosystem in India.