Krishana Phoschem Limited has informed the Exchange regarding 'the Board of Directors of the Company at its meeting held on Thursday the 19th June, 2025 has inter alia granted In Principal approval for setting up a 500 TPD of DAP/ NPK fertilizer and 300 TPD Sulphuric acid plant /any other manufacturing activity relating to fertilizer at Meghnagar, Jhabhua Madhya Pradesh to be funded through debt and internal accruals.'.
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The board of Krishana Phoschem, at its meeting on 19th June 2025, gave in-principle approval to set up a new fertilizer manufacturing facility at Meghnagar, Jhabua district, Madhya Pradesh. The proposed plant will have a capacity of 500 tonnes per day (TPD) for DAP/NPK fertilizers and 300 TPD for sulphuric acid, with provision for other fertilizer-related manufacturing activities. The project will be funded through a combination of debt and internal accruals. This marks a major capacity expansion move for the company in the fertilizer space. The company has not disclosed the estimated project cost in this filing.
This is a sizeable capacity expansion that could drive future revenue and earnings growth in the fertilizer segment, but it will increase the company's debt burden. Investors should watch for further updates on project cost, timelines, and funding details, as execution risk and rising debt could weigh on near-term sentiment despite long-term growth potential.