Poultry
xClose

Loading ...
Swine
xClose

Loading ...
Dairy & Ruminant
xClose

Loading ...
Aquaculture
xClose

Loading ...
Feed
xClose

Loading ...
Animal Health
xClose

Loading ...
RSS


December 19, 2011

 

Indian KRIBHCO's urea production up 3%
 

 

India's Krishak Bharati Cooperative (KRIBHCO) on Tuesday (Dec 13) said its urea production increased by 3% to 1.84 million tonnes in the last fiscal year.

 

It had produced 1.78 million tonnes of the key nitrogenous fertiliser in the 2009-10 financial year, KRIBHCO said in a statement.

 

Besides urea, KRIBHCO also produces ammonia - used in producing liquid fertilisers - and seeds.

 

However, KRIBHCO's net profit after tax declined by 12% to INR2.005 billion

(US$37.8 million) in 2010-11 fiscal year against INR2.28 billion (US$43 million) in the 2009-10 financial year.

 

"The society declared a dividend at the rate of 20% for the year 2010-11 amounting to INR692.9 million (US$13.05 million) out of which INR203 million (US$3.8 million) is being paid to the government of India," KRIBHCO said.

 

KRIBHCO, which consists of 7,356 cooperative societies at national, regional and village level, is a leading producer of urea, bio-fertilisers and seeds.

Share this article on FacebookShare this article on TwitterPrint this articleForward this article
Previous
My eFeedLink last read