Madhya Bharat Agro Products Limited has informed the Exchange regarding 'In Reference to our letter dated 18th August 2023, 01st March, 2024 and 29th March 2024 informing setting up of 1000 TPD DAP/ NPK Plant as reported vide letter dated 14th March 2023 at Nardana industrial Area, District Dhule, Maharashtra. We wish to report that company has setting up the 1000 TPD Single Super Phosphate/ Granular Single Super Phosphate (SSP/GSSP) plant and any other Manufacturing activities relating to fertilizer at Dhule, Maharashtra along with DAP/ NPK integrated Plant including Phosphoric Acid and Sulphuric Acid plant. '.
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Awaiting price reaction for this filing.
Madhya Bharat Agro Products has updated the exchange on its fertilizer plant project at Nardana Industrial Area, Dhule, Maharashtra. The scope has been expanded beyond the earlier announced 1000 TPD DAP/NPK plant to also include a 1000 TPD Single Super Phosphate/Granular SSP (SSP/GSSP) plant, plus Phosphoric Acid and Sulphuric Acid plants as part of the integrated facility. This is a follow-up to previous intimations dated 18 August 2023, 01 March 2024, and 29 March 2024. The filing indicates the project is under setup/development, with no commissioning date or completion timeline disclosed.
Positive long-term signal as the company is expanding capacity and diversifying into multiple fertilizer products, but the capex burden may weigh on near-term financials. Investors should watch for commissioning timelines and project cost disclosures for clarity on execution.