Since 2017, IFFCO, a major player in the fertiliser industry, has invested around ₹2,000 crore in developing two new innovative products: Nano Liquid Urea and Nano Liquid DAP (di-ammonium phosphate). Managing Director U S Awasthi shared that IFFCO expects farmers to start using these fertilisers more widely over the next 2-3 years.
Launch of Nano Fertilisers
IFFCO introduced the world’s first Nano Liquid Urea in June 2021, followed by Nano Liquid DAP in April 2023. A 500 ml bottle of Nano Urea costs ₹240, while Nano DAP is priced at ₹600 per bottle.
Investment and Manufacturing
Awasthi mentioned that the ₹2,000 crore investment has gone into research, development, building manufacturing plants, branding, and marketing. Additionally, IFFCO is spending ₹200 crore every year to promote these nano fertilisers and raise awareness among farmers on how to use them along with conventional urea and DAP.
Efficiency of Nano Fertilisers
One 500 ml bottle of Nano Liquid DAP equals one 50 kg bag of conventional DAP, and one 500 ml bottle of Nano Urea is equivalent to a 45 kg bag of traditional urea.
Plans for Agri-Drones and Electric Vehicles
To promote nano fertilisers, IFFCO announced last year that it would procure 2,500 agricultural drones and train over 5,000 rural entrepreneurs. The company is also buying 2,500 electric three-wheelers to transport these drones to farms.
Production Capacity and Future Goals
Currently, IFFCO has an annual capacity to produce 16 crore bottles of Nano Urea and 7 crore bottles of Nano DAP, but they are only operating at 15% capacity. Awasthi said they aim to reach 80% capacity utilization in the next 2-3 years.
Benefits of Nano Fertilisers
Awasthi emphasized that Nano Fertilisers can increase crop productivity by 3-20% when used correctly. They also help maintain soil health and reduce the need for conventional fertilisers.
IFFCO is working hard to educate farmers on the benefits of replacing 50% of their conventional urea usage with Nano Urea for better results.
Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.
