Zuari Agro Chemicals shuts down NPK B plant due to unavailability of raw materials

Zuari Agro Chemicals has informed to the Exchange regarding status of the commercial operations in the Company.

The Company has confirmed that the NPK B Plant has been shut down since 24th April, 2021 due to unavailability of raw materials.

Zuari Agro Chemicals was founded by eminent Indian industrialist Late Dr KK Birla in 1967, and the manufacturing operations started in 1974. The products of Zuari are being sold by the brand- Jai Kisaan.

Zuari Agro Chemicals is the flagship company of Adventz Group and is engaged in the manufacture, sale and trading of fertilizers and seeds. The chemical firm is also an importer of fertilizers and farm nutrients. It produces fertilizers of various grades, along with seeds, pesticides, micro nutrients and specialty fertilizers.   

On a consolidated basis, Zuari Agro Chemicals reported net loss of Rs 46.25 crore in Q3 December 2020 as compared to a net loss of Rs 118.50 crore in Q3 December 2019. Net sales rose 4.8% to Rs 927.41 crore in Q3 FY21 over Q3 FY20.