Chemical
MBAPL plans mega TSP & NPK fertilizer plants by end-FY21
The project comprises three backward integrated units for manufacturing of BRP, Sulphuric Acid and Phosphoric Acid with a total cost of Rs. 93 crore
- By Pravin Prashant
| November 12, 2020
Madhya Bharat Agro Products Limited (MBAPL) is planning a mega TSP (Triple SSP) & NPK (Nitrogen, Phosphorus and Potash) Fertilizer Plant in Madhya Pradesh to commence commercial production by the end of FY21.
The project comprises three backward integrated units for manufacturing of BRP, Sulphuric Acid and Phosphoric Acid with a total cost of Rs. 93 crore.
Land measuring to 233,000 square meter has been allotted by AKVN in 2013 at Sagar, Madhya Pradesh. The construction work of the factory building was started in the month of April 2019 and is in full swing. Over 45% of the total cost of the project has been incurred till date.
The company is proposing to complete the project construction work by December 2020, subject to timely clearance from statutory authorities and other factors.
TSP is an upgraded version of SSP. While it has not become popular in India, but in many neighboring countries, TSP is widely used. The indigenous production of TSP would be highly cost effective as compared to import cost of TSP and thus would be easily marketable.
NPK is considered as one of the finest fertilizer in India as it consist of all the three macronutrients i.e. Nitrogen, Phosphorus and Potassium, which contributes to development and growth of plants. The company sees a huge potential in NPK market in future.
The company recently reported a strong growth in profits during first half year of FY21 whereby the company was to achieve a PAT of Rs. 14.13 crore.
The overall revenue from operations of the company stood at Rs. 104.32 crore in H1 FY21 versus Rs. 67.61 crore in the corresponding half year of last year. The EBITDA for H1 FY21 grew by over 60% to Rs. 26.38 crore versus Rs. 16.38 crore in H1 FY 20. The PAT Margin for H1 FY21 was at 13.54%, higher by 105 basis points as compared to H1 FY20.
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