The Allahabad High Court has referred the question whether application under Section 29A of the Arbitration and Conciliation Act, 1996 for time extension can only be heard by the Supreme Court or the.
The company would allocate the funds towards working capital requirements, execution of the IFFCO (Indian Farmers Fertilisers Cooperative Ltd) drone order and fulfilling the pre-booked orders.
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April 08, 2021 Hardening of raw material prices in the international market has prompted fertilizer companies to hike the prices for agri-nutrients in the domestic market.
Announcing its decision to hike the prices of agri inputs including di-ammonium phosphate (DAP) and different varieties of NPK (phosphatic fertilisers), Indian Farmers Fertilisers Cooperative Ltd (IFFCO) stated that the prices of complex fertilisers are decontrolled and linked to fluctuations in the prices of raw materials in the global market.
IFFCO makes DAP and other complex fertilisers at the cooperative’s Kandla and Paradeep plants with combined capacity of 43 lakh tonnes (lt) per annum. The cooperative earns nearly 45 per cent of the total revenue from DAP fertilisers. It has about 26 per cent market share in urea segment, including the imported urea. IFFCO’s Kandla plant is dependent on imported phosphoric acid.