India’s private sector Deepak Fertilisers & Petrochemicals Corporation Limited (DFPCL) is looking at investing about US$ 65 million to expand its NPK complex fertilizers capacity to 600,000 tpa from 229,500 tpa. The complex is located in Taloja. DFPCL agri-business division manufactures 23:23:0 prilled nitrophosphate fertilizers under the brand name Mahadhan and markets them through a network of over 1,000 dealers. Its products include ammonium sulphate, mixtures, seeds, sulphur, micronutrients, bio fertilizers, fruits, vegetables and pesticides. They are the largest producer of Technical Ammonium Nitrate (TAN) in India. They have captive ammonia production and in the fertilizer year 2010-2011 they increased its volume by about 50 percent to over 150,000 tonnes. DFPCL was incorporated in 1979 and its plants are located at Taloja, near Mumbai, Western Maharashtra.
The financial sector of the company is problematic due to higher raw materials costs and planned plant shutdowns, and operating margins have declined every quarter in the last fiscal year. Nevertheless new projects, including the one above mentioned, make the company to intend to expand in the next five years its revenue by five times through its diversified portfolio.