Press release on receipt of approval from Ministry of Agriculture and Farmers welfare for manufacture of Nano DAP and Nano NPK and Nano Zinc
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Meghmani Organics subsidiary Meghmani Crop Nutrition Limited received approval from the Ministry of Agriculture and Farmers Welfare to manufacture three nano fertilizer products: Nano DAP, Nano NPK, and Nano Zinc. The products will be manufactured at the existing Sanand facility in Gujarat, requiring no additional capital expenditure. Commercial production is targeted to commence during the upcoming Kharif agricultural season. This marks the company's entry into the nano fertilizer segment, leveraging its existing manufacturing infrastructure.
The approval diversifies Meghmani Organics into the growing nano fertilizer market without incremental capex, potentially opening a new revenue stream. The timing aligned with Kharif season positions the company to capitalise on peak agricultural demand.