Latest news with #NanoZinc
India Gazette
2 days ago
- Business
- India Gazette
IFFCO MD meets Union Home Minister Amit Shah
New Delhi [India], June 6 (ANI): IFFCO Managing Director (MD), U S Awasthi on Friday met Union Home Minister Amit Shah at his residence office in New Delhi. During the meeting, Awasthi briefed and updated the Minister on the overall performance of Indian Farmers Fertiliser Cooperative (IFFCO) for the Financial Year 2024-25, a strong testament to the vision of Sahakar Se Samriddhi under his dynamic guidance. Awasthi also apprised him of the progress at the seed research and development facility at IFFCO's Kalol Unit in Gujarat. Furthermore, both had a meaningful discussion on strategies to enhance awareness and increase the market share of insurance in rural areas by leveraging India's vast and robust cooperative network -- a step that will significantly contribute to strengthening the rural economy and empowering cooperatives. Awasthi expressed his sincere gratitude towards the Minister for graciously taking time out of his busy schedule for this meeting. Awasthi later took to X and wrote, 'Today, I had the honour of meeting Shri Amit Shah Ji, @AmitShah, Hon'ble Union Minister of Home Affairs and Minister of Cooperation, at his residence office in New Delhi. During the meeting, I had the opportunity to brief and update the Hon'ble Minister on the overall performance of IFFCO for the Financial Year 2024-25 -- a strong testament to the vision of Sahakar Se Samriddhi under his able & dynamic guidance. I also apprised him of the progress at the Seed Research and Development Facility at IFFCO's Kalol Unit in Gujarat. Furthermore, we had a meaningful discussion on strategies to enhance awareness and increase the market share of insurance in rural areas by leveraging India's vast and robust cooperative network -- a step that will significantly contribute to strengthening the rural economy and empowering cooperatives. I express my sincere gratitude to the Hon'ble Minister for graciously taking time out of his busy schedule for this warm and insightful meeting. @MinOfCooperatn @Dileep_Sanghani.' Stellar Performance by IFFCO in FY 2024-25, Sales of Nano Fertilizers Increased by 47 per cent. IFFCO booked a profit of Rs. 3,811 Crores as PBT, a continuing trend from past three financial years. Also, sales of Nano-fertilizers saw a Year-on-Year increase of 47 per cent, with IFFCO Nano DAP showcasing the best growth results with 118 per cent increase in YoY sales. The IFFCO will soon launch Nano Zinc, Nano Copper in liquid form with 100ml bottle and Nano NPK fertiliser which will be in Granular form for soil application in basal dose. Sales of Sagarika, WSF, Specialty and Bio-fertilisers have also increased. IFFCO is set to build a state-of-the-art Seed Innovation Centre at Kalol unit. IFFCO is ranked world's no.1 cooperative (with respect to ratio towards contribution to GDP) according to World Cooperative Monitor (WCM) Report published by EURCISE and International Cooperative Alliance (ICA), the premier international cooperative body. IFFCO has a pan-India presence, supported by a vast network of over 35,600 cooperative societies as its members. With more than 500 field offices spread across 21 states, IFFCO serves and supports over five crore farmers across the country. The organisation also has a strong global footprint with presence in four countries. IFFCO have in total 10 manufacturing units. It is a matter of pride for the cooperatives as, Udai Shanker Awasthi, MD, IFFCO was bestowed with 'Rochdale Pioneers Award' 2024 during ICA 2024 Conference last year in New Delhi. Awasthi was also honoured with title of 'Fertiliser Man of India' during 8th National Conference of Sahkar Bharati for his lifetime remarkable contribution in the field of fertiliser and agriculture of the country. (ANI)
Mint
29-05-2025
- Business
- Mint
Iffco expresses concern over slow adoption of its nano-fertilizers
Nano-technology-based fertilizers which contain plant nutrients in very small particle sizes have witnessed a lower-than-anticipated adoption, according to U.S. Awasthi, managing director, Indian Farmers Fertiliser Cooperative Ltd. (Iffco). Iffco launched the world's first 'Nano Liquid Urea' fertilizer in June 2021 and came up with Nano-DAP (di-ammonium phosphate) fertilizers in April 2023. "The adoption of nano fertilizers is lower than anticipated as compared to solid fertilizers," said Awasthi, after announcing the financial results for Iffco. the country's largest agro-fertilizer manufacturer and distributor. He put this down to a lack of awareness of these high-efficiency fertilizers and reluctance among farmers. This is in spite of a significant increase in sales of nano-fertilizers in 2024-25 as compared with a year ago. In the last financial year, Iffco sold 36.50 million bottles of nano-fertilizers, an increase of 47% as over the 24.89 million bottles sold in the previous financial year. Out of 36.50 million bottles, 26.80 million were of Nano Urea Plus (Liquid) and 9.7 million of Nano DAP (Liquid). This is equivalent to 1.2 million tonnes of conventional Urea and 4.85 tonnes of conventional DAP. Considering the total industry volume of 35.80 million tonnes of conventional urea sold last year, the contribution of nano urea is just 3.36%. In case of DAP the contribution of nano-DAP is 5.04% of the total industry volume of 9.62 million tonnes of conventional DAP last year. "In order to increase penetration, we would increase our outreach activities and marketing campaign including social media," added Awasthi. Meanwhile, Iffco booked profit after tax at 2,823 crore in FY25 as compared with ₹ 2,443 crore in FY24. Revenue rose to ₹ 41,244 crore in FY25 fiscal, from ₹ 39,474 crore in the previous year. Commenting upon future plans, Awasthi added,"We will be also launching Nano NPK fertilizer in granular form. Nano NPK fertilizer is enriched with Magnesium, Sulphur, Zinc and Copper which would help in increasing the crop productivity & would minimize nutrient losses." He further said that Iffco will be also launching Nano Zinc and Nano Copper to fulfil micro-nutrients needs of plants. According to him, by incorporating nanotechnology, drones, and artificial intelligence, Iffco is transforming the agriculture & food value chain across the country. Brazil, Kenya and the US have expressed strong interest to adopt the nanotechnology fertilizers, he said. Iffco has expanded its presence in over 40 countries, with reduced rtilizer usage reported from the US\, Brazil, Slovenia, Mauritius, Zambia, Nepal, and Bangladesh.
