KRIBHCO logs record fertilizer output

New Delhi: Fertiliser cooperative Krishak Bharati Cooperative Ltd’s (KRIBHCO) total income jumped 95 per cent to Rs25,715.07 crore during last fiscal on better sales, and it declared a dividend of 20 per cent. KRIBHCO Fertilizers Ltd (KFL), a wholly-owned subsidiary of KRIBHCO, produced the highest ever quantity of 10.95 lakh tonne of urea and 6.74 lakh tonne ammonia with capacity utilization of 126.65 per cent and 134.30 per cent, respectively.

Total income stood at Rs13,194.50 crore in the previous year. Addressing its 43rd annual general meeting (AGM) here on Thursday, KRIBHCO’s Chairman Chandra Pal Singh said the cooperative earned a pre-tax profit of Rs763.16 crore in 2022-23.