Ostwal Group Backed Chemical Company Board Grants Approval For New 500 TPD Sulphuric Acid Plant And Rs 110 Crore Fertiliser Capacity Expansion At Banda

In last one month the stock has jumped over 11 per cent while in last 12 months it is up by 30 per cent.

Madhya Bharat Agro Products Limited informed the National Stock Exchange of India Ltd on Friday, the 9th of May, 2025, about a significant development. The Board of Directors of the company, in their meeting held on that day, granted in-principle approval for setting up a 500 TPD (Tons Per Day) Sulphuric acid plant (SA) along with associated utilities. Additionally, the board has approved the enhancement of the existing DAP (Diammonium Phosphate)/NPK (Nitrogen, Phosphorus, and Potassium) fertiliser capacity. The tentative project cost for this expansion is estimated to be Rs. 110 crores. These new facilities are planned to be established at Banda, Madhya Pradesh. The company stated that detailed financial and other plans for the project are currently being worked out. The intimation was signed by Pallavi Sukhwal, the Company Secretary, and the place of the announcement was Bhilwara.

For the quarter ended December 31, 2024 (Q3 FY2024- 2025), Madhya Bharat Agro Products Limited reported a revenue of Rs 297 crores, which represents a growth of 103 per cent compared to the same period last year (Rs 146 crores). The company's net profit for this quarter stood at Rs 14 crores, a significant jump of 1,276.92 per cent from the net profit of Rs 1.30 crores in Q3 FY2023- 2024. On a sequential quarterly basis, the revenue increased by 1.87 per cent from Rs 284 crores in the September 2024 quarter, and the net profit saw a decline of 22.22 per cent from Rs 18 crores in the same period.

Madhya Bharat Agro Products Limited is primarily engaged in the business of manufacturing fertiliser and chemical products. Their product portfolio includes beneficiated rock phosphate (BRP), single super phosphate (SSP), diammonium phosphate (DAP), nitrogen, phosphorus, and potassium (NPK) complex fertilisers, phosphate-rich organic manure (PROM), sulfur bentonite, sulphuric acid, and oleum. The company's fertilisers are used to replenish phosphorus in the soil and act as crop nutrients. Madhya Bharat Agro Products is part of the Ostwal Group of Industries. They have manufacturing facilities located in Madhya Pradesh and Rajasthan. In last one month the stock has jumped over 11 per cent while in last 12 months it is up by 30 per cent.

Disclaimer: The article is for informational purposes only and not investment advice.