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IFFCO signs MoU with Sikkim govt for organic food JV; to invest Rs 200 crore

IFFCO signs MoU with Sikkim govt for organic food JV; to invest Rs 200 crore

The initial investment for the project will be around INR 200 Crore, which will be increased to INR 500 Crore in phases.

'Excessive urea use in cotton crops leads to whitefly attack'

Excessive use of urea is also "responsible" for whitefly attack on cotton crops in states of Punjab and Haryana, a top official of the country's largest fertiliser producer IFFCO said today.

IFFCO, Rabo Equity, IFC may sell stake in NCML for Rs 1,000 cr

IFFCO, Rabo Equity, IFC may sell stake in NCML for Rs 1,000 cr

IFFCO, Rabo Equity and IFC are planning to sell their combined stake of nearly 70 per cent in agri-logistics firm NCML for an estimated Rs 1,000 crore.

IFFCO's turnover jumps 18.48% to Rs 24,700 cr in FY'15

Country's largest fertiliser cooperative IFFCO has posted 18.48 per cent increase in its turnover at Rs 24,700 crore in the 2014-15, buoyed by higher sales of soil nutrients.

Urea imports up by 13 pc to 78.43 LT in Apr-Feb

Urea imports have increased by 13 percent to 78.43 lakh tonnes (LT) in the April-February period of 2014-15.

IFFCO gets approval to set up $1.6 bn urea plant in Canada

The proposed facility will have a production capacity of up to 1.6 million tonnes of urea and 7,60,000 tonnes of diesel diesel exhaust fluid (DEF), it said.

IFFCO profit before tax up 9% at Rs 1,107 cr in FY13

Fertiliser major IFFCO Sunday reported 9 percent increase in its profit before tax to Rs 1,107 crore in fiscal 2012-13 despite fall in sales of nutrients because of bad monsoon in some parts of the country.

'Multi-state cooperatives are under ambit of anti-graft law'

Officials of multi-state cooperative societies like KRIBHCO and IFFCO are under the ambit of anti-corruption law and they can be probed on graft charges, the government said Thursday.

IFFCO cuts DAP retail price by Rs 75 per bag to Rs 1,125/bag

"We are reducing the price of DAP to Rs 22,500 per tonne from Rs 24,000 per tonne effective from April 1," IFFCO Managing Director U S Awasthi said.

Agri Min can't probe IFFCO gifting property to MD, says Pawar

Amid controversy over IFFCO gifting its top executive prime properties in South Delhi, Agriculture Minister Sharad Pawar Monday said his Ministry cannot take action against the fertiliser cooperative as the government does not have any equity in it.

Iffco board refers CVC issue to AGM

The Board of fertiliser major Iffco has decided to put to vote the issue of government move to bring it under the purview of CVC at its shareholder meet in May.

Iffco turnover may fall 16% to Rs 21,000 cr on lower sales

Fertiliser major Iffco's turnover could drop by up to 16 percent to Rs 21,000 crore this fiscal as nutrient sales fell because of poor monsoon, a top official said.

CVC looking into graft complaints against IFFCO MD

Anti-graft agency CVC is looking into complaints of alleged irregularities against Managing Director of Indian Farmers Fertiliser Cooperative (IFFCO) including misuse of society's funds to corner a posh bungalow worth several crores in the national capital.

IFFCO to fund major part of $500 mn for Canada urea plant

Fertiliser major IFFCO will fund a substantial chunk of USD 500 million (about Rs 2,750 crore) investment to establish a urea plant in Canada with about 1.3 million tonnes annual capacity, a top IFFCO official said.

IFFCO gets land in Canada to set up $1.2 billion urea plant

Early this year, IFFCO had announced setting up of a urea plant in Canada with a capacity of 1.27 million tonnes via joint venture with a local partner there.

IFFCO to set up urea plant in Canada

In recent years, IFFCO has been showing interest in overseas ventures and setting up new plants.

HC rejects application of IFFCO CMD, asks him to surrender

The order was passed on March 13 by Justice Naheed Ara Moonis on the application of Uday Shankar Awasthi, CMD of IFFCO.

Govt stops lifting of imported DAP, MoP from ports

India imports almost half of its requirement of DAP and almost entire requirement of MoP.