Chem / Fertilisers
US sanctions 6 Indian firms over Iran oil trade, $220 million in deals under scrutiny
The United States has sanctioned six Indian companies for allegedly engaging in significant transactions involving Iranian petrochemical and petroleum products, breaching US sanctions. The firms, which include some of India’s key petrochemical traders, are now blocked from accessing US assets and barred from dealings with American companies. These sanctions are part of a wider crackdown involving 20 entities across multiple countries, aimed at cutting off Iran’s oil-based revenue streams. The Indian firms have not publicly responded to the action.
PCBL Chemical incorporates US subsidiary to expand its North America footprint
PCBL Chemical Ltd has established a wholly-owned subsidiary, PCBL Chemical USA Inc, in Delaware to expand its global presence and access the North American market. This move aims to facilitate strategic market access, enhance customer proximity, and improve understanding of local regulations. The company reported a decrease in consolidated net profit for the quarter ended June 30.
Oil India forms joint venture with Assam govt to set up fertilizer plant
Oil India Ltd. has partnered with the Government of Assam to establish a fertilizer plant, creating Assam Valley Fertilizer and Chemical Co. Ltd. (AVFCCL). National Fertilizers Limited (NFL), Hindustan Urvarak & Rasayan Limited (HURL), and Brahmaputra Valley Fertilizer Corporation Limited (BVFCL) also hold stakes in AVFCCL. Oil India possesses an 18% shareholding in the venture.
NLC India exploring possibilities to source rare earth from overseas: CMD
NLC India Ltd is actively seeking overseas sources for rare earth elements following China's export restrictions. The company has initiated preliminary discussions for lithium blocks in Mali and copper and cobalt mines in the Republic of the Congo.
Brownfield ammonia-urea complex in Assam incorporated as company
Assam Valley Fertilizer and Chemical Company Limited (AVFCCL) has been incorporated as a joint venture between the Assam government and other partners. This new entity will realize the Ammonia Urea Complex in Namrup, approved by the Union Cabinet in March.
Govt provides Rs 49,330 cr fertilisers subsidy till July 21 of FY26
The central government disbursed Rs 49,330 crore in fertiliser subsidies until July 21. This initiative aims to provide affordable key nutrients to farmers. Anupriya Patel shared the total subsidy includes domestic and imported urea. Urea production reached 306.67 lakh tonne during 2024-25. The government provides urea at a subsidized rate of Rs 242 per bag.
SRF Ltd to invest nearly Rs 750 cr to set up agro-chemical, BOPP film plants
SRF Ltd is expanding its operations with a significant investment of nearly Rs 750 crore. The company will establish an agro-chemical plant in Dahej, Gujarat, and a BOPP film manufacturing facility in Indore. This expansion follows a strong financial performance in the first quarter, with a notable increase in net profit and income from operations.
India imports nearly 10 lakh tonnes of DAP in Apr-Jun to meet local demand: Govt data
India imported 9.74 lakh tonnes of DAP between April and June. This import fulfills domestic needs. The government ensures fertilizer availability for the Kharif 2025 season. Requirement is marginally higher than last year. Nutrient Based Subsidy policy is implemented for Phosphatic and Potassic fertilizers. Companies enter long-term arrangements with DAP-producing nations. This ensures continuous supplies and minimizes supply chain disruptions.
Syngenta eyes global biologicals leadership from India base, cites regulatory hurdles
Syngenta aims to become the leading biologicals company globally, capitalizing on its strong performance in India despite regulatory hurdles. The company plans to launch new products like Tymirium in India and expects mid-single digit growth, contingent on inflation and monsoon conditions.
Syngenta Crop may rethink investing in India, says top executive Hawkins
Syngenta Crop Protection is considering its investment plans in India. This is due to uncertainties in policy. The government recently paused the sale of biostimulants. These enhance nutrient uptake in plants. Steven Hawkins of Syngenta expressed concern. He cited inconsistencies in the regulatory system. Agriculture Minister Shivraj Singh Chouhan cited farmer complaints. These complaints alleged biostimulants were ineffective.
Must Watch
As China chokes the tap, Saudi emerges as India’s fertiliser ally
India has secured long-term DAP fertiliser supply agreements with Saudi Arabia's Maaden, aiming to reduce reliance on China. The five-year deal, with potential extension, ensures 3.1 million metric tonnes annually for Indian companies like IPL and KRIBHCO. This move enhances India's food security amidst import challenges and strengthens strategic ties between the two nations.
India secures 5-year DAP fertiliser supply deal with Saudi Arabia amid China curbs
Indian fertiliser firms IPL, KRIBHCO, and CIL have signed a five-year deal with Saudi Arabia’s Maaden to import 3.1 million metric tonnes of DAP annually, with an option to extend. This move, amid China's export restrictions on phosphate and speciality fertilisers, aims to secure India's fertiliser supply. Minister JP Nadda also discussed bilateral investment opportunities during his Saudi visit.
Agri Minister asks states to crack down on sale of fake fertilisers, warns against forced tagging
Union Agriculture Minister Shivaraja Singh Chouhan has urged states and union territories to take strict action against the sale of counterfeit and substandard fertilisers. He emphasized regular monitoring, sampling, and testing, while also stopping forced tagging of nano-fertilisers. Chouhan directed states to involve farmers in monitoring and educate them on identifying genuine products, ensuring quality fertilisers for India's agricultural backbone.
Deepak Fertilisers inks pact with Petronet LNG for regasification
Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) has forged a five-year agreement with Petronet LNG Ltd for regasification of Liquefied Natural Gas (LNG). Petronet LNG will regasify around 25 TBTUs of LNG annually, mainly at its Dahej terminal.
Shutdowns prohibited in fertiliser units this fiscal
To prevent urea shortages for farmers during the kharif and rabi seasons, the government has barred fertiliser companies from scheduling plant shutdowns in FY26. This decision comes as India grapples with insufficient domestic urea production and import dependencies. Simultaneously, China's export restrictions on phosphate and specialty fertilisers are creating shortages of DAP, prompting the government to prioritize urea production.
Niti moots chemical operational expenditure scheme, faster green nods
Niti Aayog has suggested reforms for the chemical sector. These include financial support and faster environmental clearances. The goal is to boost India's global position. They also plan to improve port infrastructure and research. India aims for a $1 trillion chemical sector by 2040. The country wants to increase its global value chain share.
