Nano urea also known as urea nanoparticle, is a new form of urea fertilizer that is created by breaking down conventional urea into tiny particles that are around 100 nanometers in size. One bottle of 500 ml of Nano Urea is equivalent to one 45 kg Urea bag.
The Nano Urea is more efficient in terms of nutrient uptake, rather than traditional urea. The Nano urea releases nitrogen more slowly, reducing the risk of leaching into groundwater and reducing the need for frequent applications.
In addition, nano urea is more environmentally friendly than traditional urea because it reduces the amount of nitrogen lost to the atmosphere as greenhouse gases. It also reduces the energy required to transport and store fertilizer, as smaller amounts are needed for the same effect.
As per the Minister of Chemicals and Fertilizers, India’s total number of plants producing nano-liquid urea to increase by 13 from nine by 2025. To reduce dependency on fertilizer import and fulfill domestic demand Indian government has laid out a plan for Nano fertilizers manufacturers to cumulatively produce 44 crore bottles of 500 ml nano urea and DAP (di-ammonium phosphate).
The government is creating an eco-system of spraying this nano-urea in farms using drone technology under the mission of ‘’Viksit Bharat Sankalp Yatra’.
Here are the three stocks which are investing heavily in Nano Fertilizer’s
Meghmani Organics Ltd
On Friday, Meghmani Organics shares closed at Rs 85.6 per share,down 1.27 percent on the exchange. The company has a market capitalization of Rs 2,177 crores.
Meghmani Organics has set a capex of Rs 150 crore for setting up a nano urea plant in Gujarat.
With a plant’s annual capacity of about 5 crore bottles (500 ml) per year. It is expected to commence commercial production by the fourth quarter of the financial year 2024. The project is expected to achieve a top line of Rs 1,000 crore on an annual basis.
National Fertilizer Ltd
On Friday, National Fertilizer shares closed at Rs 102 per share, down 0.39 percent on the exchange. The company has a market capitalization of Rs 4,987crores.
National Fertilizer has signed an MoU with IFFCO to provide technical information for setting up the Nano Urea plant. The company is setting up of Nano Urea (Liquid) production plant with a capacity of 1.5 Lakh (500 ml) bottles per day.
Coromandel International Ltd
On Friday, Coromandel International Ltd shares closed at Rs 1,181 per share, down 0.96 percent on the exchange. The company has a market capitalization of Rs 34,768 crores.
The company has set up a plant for the nano DAP in Andhra Pradesh for around Rs 100-120 crore, with a capacity to manufacture 4 crore bottles.
Coromandel International has launched ‘Nano DAP,’ a cutting-edge nanotechnology-based fertilizer created by its R&D unit at IIT Bombay. To prove the product’s efficacy, the business has undertaken 700 field tests and collaborated with renowned agricultural colleges.
Coromandel received regulatory approval from the Department of Fertilisers in March to manufacture Nano DAP, making the firm the pioneer in utilizing nanotechnology in the Phosphatic fertilizer field.
Written by Omkar Chitnis
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