Madhya Bharat Agro Products Limited has informed the Exchange regarding 'Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the SEBI LODR ), we wish to inform you that the Board of Directors of the Company at its meeting held on Friday the 09th May, 2025 has inter alia granted in Principal approval for setting up a 500 TPD of Sulphuric acid plant (SA) with some utilities and enhancement of DAP/ NPK capacity with tentative project cost of Rs. 110 crores at Banda, Madhya Pradesh. Detail financial and other plans are being worked out.'.
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The Board of Directors of Madhya Bharat Agro Products Limited, at its meeting held on 9th May 2025, granted in-principle approval for setting up a 500 TPD (Tonnes Per Day) Sulphuric Acid plant along with related utilities. The proposal also includes enhancement of the company's existing DAP/NPK fertiliser capacity. The project will be set up at Banda, Madhya Pradesh, with a tentative cost of Rs. 110 crores. Detailed financial and operational plans are still being finalised. This is a forward-looking capacity expansion announcement by the agro-products company.
This Rs. 110 crore capex plan signals a major capacity expansion which could boost future revenue and market share in the fertiliser and sulphuric acid segments, but may also raise debt and pressure short-term cash flows until the project is operational. Investors should track funding arrangements, project timelines, and execution updates from the company.