{"id":597,"date":"2022-09-17T14:36:26","date_gmt":"2022-09-17T14:36:26","guid":{"rendered":"https:\/\/theeveningpost.in\/index.php\/2022\/09\/17\/eastern-india-to-emerge-as-the-growth-engine-for-fertilisers-matrix-chairman-nishant-kanodia\/"},"modified":"2022-09-17T14:36:26","modified_gmt":"2022-09-17T14:36:26","slug":"eastern-india-to-emerge-as-the-growth-engine-for-fertilisers-matrix-chairman-nishant-kanodia","status":"publish","type":"post","link":"https:\/\/theeveningpost.in\/index.php\/2022\/09\/17\/eastern-india-to-emerge-as-the-growth-engine-for-fertilisers-matrix-chairman-nishant-kanodia\/","title":{"rendered":"Eastern India to emerge as the growth engine for fertilisers : Matrix chairman Nishant Kanodia"},"content":{"rendered":"

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\nMumbai (Maharashtra) [India] :<\/strong> \u00a0Nishant Kanodia, Chairman of Matix Fertilisers and Chemicals Ltd, among India\u2019s fastest-growing crop nutrient providers, said today that he expects India\u2019s eastern region to be the growth engine of the country\u2019s demand for fertilizers in the coming months and years.<\/span> <\/p>\n

\u201cEastern India\u2019s low consumption of fertilizers, at nearly 158.4 kilograms per hectare, is much lower than the 212.4 kilograms per hectare consumed in northern India,\u201d Nishant Kanodia said. \u201dAs demand for crop nutrients can only rise in the region, Eastern India provides Matix the opportunity to grow this under-served market.\u201d <\/span><\/span><\/span><\/span><\/p>\n

\u201cMatix possesses the locational advantage of our manufacturing facility being in the middle of eastern India\u2019s agricultural belt,\u201d said Manoj Mishra, Managing Director. \u201cMatix\u2019s nearly 700 dealers across six agriculture-intensive states are serviced by Matix\u2019s urea plant. India\u2019s eastern region being the focus of Matix\u2019s strong distribution network, we are best positioned to serve farmers in these states.\u201d <\/span><\/span><\/span><\/span><\/p>\n

Matix is celebrating milestones achieved ahead of its first full year of operations, the plant having been commissioned in October 2021. The fully integrated, gas-based facility is one of India\u2019s largest single stream fertilizer plants, with the capacity to produce 1.27 million tonnes of urea every year. The technology for the plant was acquired from global leaders\u2013KBR, USA, for ammonia, and Saipem, Italy, for urea.\u00a0 <\/span><\/span><\/span><\/span><\/p>\n

One of India\u2019s fastest-growing providers of crop nutrients, Matix Fertilisers and Chemicals Ltd owns and operates a fully integrated, gas-based urea plant in Panagarh, West Bengal, whose 1.27 MTPA capacity makes it one of India\u2019s largest \u201csingle stream\u201d fertilizer plants. Matix\u2019s \u201cDr. Fasal\u201d brand is the leader in India’s Eastern market for urea fertilizer, powered by a strong distribution network of nearly 700 dealers. <\/span><\/span><\/span><\/span><\/p>\n

The plant has a 54 MW captive power unit, dual rake railway siding, and utilities spread across a campus of approximately 500 acres. The company has a long-term gas supply agreement with GAIL, India\u2019s largest gas supply company. The plant is covered as a green-field project under Government of India\u2019s (GOI) New Investment Policy for Urea.<\/span><\/span><\/span><\/span><\/p>\n

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