KRIBHCO News
Inauguration of KRIBHCO Bhawan, Andhra Pradesh
KRIBHCO’s new State Marketing Office in Vijayawada, Andhra Pradesh was recently inaugurated on Nov 4th, 2024 by Chairman, Dr. Chandra Pal Singh Yadav in presence of Vice Chairman, Shri V. Sudhakar Chowdary, MD, Shri M.R. Sharma, and the Board of Directors.
KRIBHCO's subsidiary, Gramin Vikas Trust, was awarded 3rd place at the 5th National Water Awards on 22nd October 2024 at Vigyan Bhawan, Delhi. The award, presented by Hon'ble Union Minister of Jal Shakti, Shri C.R. Patil ji, was received by Mr. Rajeev Kumar Kansal (CEO, GVT) and Ms. Sonakshi Shree (Senior Manager, CSR, GVT). This recognition highlights GVT's contributions to sustainable water management and rural development, reflecting a continued commitment to water conservation initiatives.
Foundation Stone Laid for KRIBHCO Nagar Temple: A Step Towards Community Unity
In a significant event symbolizing cultural and spiritual enrichment, the Bhoomi Pujan and Foundation Stone Laying Ceremony for the KRIBHCO Nagar Temple was held with great reverence on 03 October 2024 at KRIBHCO Nagar, Hazira, Gujarat. Dr. Chandrapal Singh, Chairman of KRIBHCO, presided the occasion alongside Shri Pareshbhai R. Patel, Shri Maganlal Dhanjibhai Vadaviya, and Shri Bhikhabhai Jawarbhai Patel, distinguished members of the Board of Directors. The event was also graced by Shri M.R. Sharma, Managing Director, and Shri P. Chandra Mohan, Executive Director (Operations).Employees of KRIBHCO and their families also gathered in large numbers, reflecting the shared excitement and support for this spiritual initiative.
This temple project stands as a testament to KRIBHCO 's dedication not only to professional growth but also to fostering a strong, united community. It will serve as a place of worship and a symbol of harmony, promoting cultural and spiritual well-being for all residents of KRIBHCO Nagar.
Rhizosuper: Stakeholders meet and awareness drive at Trichi
After launch of Rhizosuper, as part of our awareness drive, workshops are being held nationwide. Recently, a session was held in Trichy under chairmanship of Director (Marketing), Sh.VSR Prasad, where stakeholders learned about its impactful benefits.
KRIBHCO launches advanced Mycorrhizal Biofertilizer product, ”KRIBHCO Rhizosuper“, in association with Novonesis
New Delhi, September 16, 2024: Krishak Bharati Cooperative Limited (KRIBHCO) and Novonesis on Monday signed an MoU announcing a long-term commitment to explore collaboration opportunities within agri-biosolutions that will improve crop yield and soil quality.
In the first phase of this collaboration, Indian farmers across all crops will get access to the advanced Mycorrhizal Biofertilizer product, ”KRIBHCO Rhizosuper“, powered with Novonesis proprietary LCO (Lipo-chitooligosaccharides) Promoter Technology.
hri M.R. Sharma, MD KRIBHCO, and Ms. Tina S. Fano, EVP Novonesis formalized their partnership with an MoU signing, followed by the grand unveiling of the innovative #Rhizosuper product to revolutionize Indian agriculture. During the vibrant event, Director (Marketing), Director (HR), ED (F&A), ED (Tech) and other senior management of KRIBHCO was present at the venue.
New Delhi, September 12, 2024: Krishak Bharati Cooperative Limited (KRIBHCO), one of India's premier fertilizer-producing farmers' cooperatives, reported a pre-tax profit of Rs. 334.12 crore for the financial year 2023-24. The Society declared a dividend of 20% on its equity capital for the year.
The annual accounts of the Society were approved during its 44th Annual General Body Meeting, held on 12th September 2024, at the NCUI Auditorium in New Delhi. The meeting was presided over by Dr. Chandra Pal Singh, Chairman of KRIBHCO in presence of Board of Directors and attended by delegates from various member cooperatives across the country.
KRIBHCO achieved remarkable production figures in FY 2023-24, with Urea production at 23.35 lakh MT and Ammonia production at 13.88 lakh MT, achieving 106.4% and 111.32% capacity utilization, respectively. Expanding its product offerings to cater to the diverse needs of farmers, KRIBHCO's portfolio includes not only Neem Coated Urea but also imported DAP, MAP, MOP, Complex, Bio Fertilizers, Compost, Certified Seeds, Hybrid Seeds, SSP, Zinc Sulphate, Natural Potash, and Sea Weed Fortified Bio-stimulants. During the year, KRIBHCO sold 52.82 lakh MT of fertilizers (including Urea and Complex Fertilizers).
KRIBHCO Fertilizers Ltd (KFL), a wholly-owned subsidiary of KRIBHCO, also delivered strong performance with the production of 10.66 lakh MT of Urea and 6.54 lakh MT of Ammonia, achieving capacity utilization of 123.23% and 130.46%, respectively. KFL declared a dividend of Rs. 14.40 crore for the year.
Shri M.R. Sharma, Managing Director of KRIBHCO, informed the gathering about the sustained high standards of production and operational efficiency maintained by KRIBHCO and its subsidiaries.
KRIBHCO has also ventured into new areas to enhance farmers' incomes. Its wholly-owned subsidiaries, KRIBHCO Agri Business Limited (KABL) and KRIBHCO Green Energy Private Limited, are contributing significantly. KABL achieved a turnover of Rs. 821 crore in FY 2023-24, with sales of rice, chilies, maize, makhana, and lentils in both domestic and international markets. Meanwhile, KRIBHCO Green Energy Pvt. Ltd. is constructing two plants in Hazira, Gujarat, and Nellore, Andhra Pradesh, expected to be operational in FY 2024-25.
As part of its commitment to rural development, KRIBHCO's social arm, Gramin Vikas Trust (GVT), is celebrating its 25th anniversary in 2024. GVT has positively impacted 1.5 million lives across 25 states through initiatives focused on rural development, healthcare, education, and gender equality.
Aligned with the Government of India's vision of ”Sahakar Se Samriddhi,“ KRIBHCO is playing a pivotal role in promoting seed and export activities among cooperatives as lead promoter of Bharatiya Beej Sahakari Samiti Limited (BBSSL) and a joint promoter of National Cooperative Export Limited (NCEL) under the guidance of the Ministry of Cooperation.
In recognition of its outstanding performance, KRIBHCO received several awards from FAI and other prestigious organizations.
During the AGM, KRIBHCO also honored two eminent cooperators for their remarkable contributions to the cooperative movement in India. Sh. Satyendra Narayan Singh from Bihar was conferred the KRIBHCO ”Sahakarita Shiromani award“, and Sh. V.K.S.K Senthil Kumar from Tamil Nadu received the KRIBHCO Sahakarita Vibhushan award.
As a national cooperative, KRIBHCO remains dedicated to increasing farmers' incomes through the promotion of judicious fertilizer use, free soil testing, and the adoption of integrated agricultural practices.
New Delhi, September 2, 2024 : Shri M R Sharma has been appointed as the Managing Director of Krishak Bharati Cooperative Limited (KRIBHCO). In addition to the assignment as Managing Director, he will continue to perform the role of Director (Technical). He assumed the office from 1st September 2024.
Shri M R Sharma, a Chemical Engineering Graduate from IIT Roorkee (1981) is having more than 42 years of experience in Fertilizer Industry mainly in ammonia & urea production integrated complexes along with associated utility plants. Having joined as a Graduate engineer trainee (GET) in KRIBHCO in the year 1982, he is the first GET to reach the position of Managing Director.
During his various roles in KRIBHCO, he led several projects and contributed significantly towards revamp of ammonia & urea complex in order to expand production capacity. During COVID-19, when most of the fertiliser plants in western India were forced to shutdown due to non-availability of raw materials and work force, Shri M R Sharma managed to keep the production facility running more than 100 per cent capacity with record energy efficiency. For his commendable contribution, he was awarded as the outstanding CEO by Southern Gujarat Chamber of Commerce & Industry and was featured in prestigious 'The CEO Magazine' published in the year 2021 alongside many other honours, which are given to him.
