The clearance, however, has been given with some conditions, the document added. As per the proposal, IIL wants to set up a pesticide and pesticide intermediates manufacturing unit with a production capacity of 2,500 tonne per month at Dahej in Bharuch district in an area of 52,000 square metre.
Agrochemical firm UPL has received the environment clearance from the government for its Rs 353.43 crore pesticide unit expansion project in Bharuch district of Gujarat, according to official documents.
India is one of the leading producers of tea with 23% share in global production. Tea plantation has always been a labour intensive profession. Mites have been one of the biggest nuisance makers in tea plantations that bring down both quality and quantity of the tea produced. The trials of Hanabi with major tea planters have given us very encouraging results.
HURL, incorporated in 2016, is a joint venture company between Coal India (CIL), NTPC (NTPC) and Indian Oil Corporation (IOCL) as lead promoters with Fertilizer Corporation of India (FCIL) and Hindustan Fertilizer Corporation (HFCL) as the other two partners.
In July 2018, the city-based company had announced its largest acquisition of the US-based Arysta LifeScience for USD 4.2 billion, catapulting it among the top five agrochemicals players globally with over YSD 5 billion in combined revenue and around USD 1 billion in pretax profit.
thyssenkrupp Industrial Solutions will provide engineering and technical procurement services which will cover the plant’s reaction unit, filtration unit, dry rock grinding section and an additional cooling tower cell. The project is planned to be completed within a period of 22 months from the effective date of the contract.
"Indian chemical industry is an industry-of-industries with a combined turnover of USD 160 billion. It is growing at 100 basis points more than the economic growth," ICC President Vijay Shankar told reporters. Indian chemical industry has the potential to be the engine of growth in the next decade, he said.
The retail prices of major fertilisers have lowered by 17% which means farmers have to shell out lesser money for the same this rabi season due to a decrease in the global prices of fertiliser components. Urea prices however, have remained steady.
"Breaking all previous records, the NFL has achieved 27 lakh tonnes of fertiliser sales during the Kharif 2019 (April -September) season, which is 25 per cent higher than the year-ago period," the NFL said in a statement.