MBAPL Secures Long-Term Green Ammonia Supply for Sagar and Dhule Plants
Securing a long-term and stable supply of a critical raw material like ammonia is fundamental for the company's NPK fertilizer manufacturing business, directly impacting its operational continuity and capabilities.
The company has successfully secured long-term supply of a critical raw material (green ammonia) for its manufacturing operations, which ensures operational stability and aligns with sustainable practices.
Madhya Bharat Agro Products Limited (MBAPL) has announced significant business developments in securing long-term green ammonia supply for its manufacturing plants: * Oriana Power Limited has won a bid in Solar Energy Corporation of India Limited (SECI's) Green Ammonia Auction to supply 60,000 metric tonnes per annum of ammonia to MBAPL's plant in Sagar, Madhya Pradesh, at a price of ₹52.25 per kg. * A consortium of M/s SCC Infrastructure Pvt. Ltd. with M/s InSolare Energy Limited has also won a bid in SECI's Green Ammonia Auction to supply 70,000 metric tonnes per annum of ammonia to MBAPL's plant in Dhule, Maharashtra, at a price of ₹53.05 per kg. * This development, a result of initiatives by the Ministry of New and Renewable Energy (MNRE) and Department of Fertilizers (DoF), reinforces MBAPL's commitment to sustainable and green energy solutions. * Securing ammonia on a long-term basis is crucial as it is a critical raw material for NPK fertilizer manufacturing and will positively contribute to the Company's operational capabilities.
What to do with a filing like this
Madhya Bharat Agro Products Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Madhya Bharat Agro Products Limited. Read the original for the full detail.