The Board of Directors of Madhya Bharat Agro Products Ltd. (MBAPL) at its meeting held on 14th March, 2023 has granted in principle approval for setting up of 1,000 TPD of DAP/NPK fertilizer and Phosphoric acid plant with a tentative project cost of Rs. 450 crore.

The plant location will be either at Gujarat or Maharashtra, and the company is searching for suitable locations for the facility. The company is working on financial details and other plans are also being worked out.