IFFCO, Meghmani to set up Nano Urea manufacturing plant
IFFCO- Meghmani Crop Nutrition’s NanoUrea manufacturing plant will cater to entire south of India
Agrochemical major IFFCO signed a Licence Agreement with Meghmani Crop Nutrition Limited (MNCL), a crop nutrition manufacturer to set up a plant for the manufacturing of 1,50,000 bottles per day of 500 ml bottle each of Nano Urea (Liquid) fertilizer in India.
IFFCO- Meghmani Crop Nutrition’s NanoUrea manufacturing plant will cater to entire south of India. The plant’s annual capacity is pegged at 5 crore bottles (around 500 ml) per year. MNCL is expected to commence the commercial production by Q4 FY24.
Nano urea is a revolutionary liquid fertilizer and is effective in enhancing the nutritional quality. India’s urea demand stands at 35 million Metric Tonne (MMT) per annum, of which nearly 29 MMT is produced domestically while the balance is imported. Government of India targets to eliminate India’ dependency on urea imports by 2025 as more farmers adopt the usage of Nano Urea. Additionally, it will help reduce the government’s subsidy burden on the conventional urea.
IFFCO- Meghmani Crop Nutrition’s NanoUrea manufacturing plant
