Subsidiaries
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KRIBHCO Green Energy Private Limited
KRIBHCO Green Energy Private Limited: Government of India has a target to blend 20% Bio ethanol in Petrol. This will not only reduce the import of crude oil and save precious foreign exchange but also result in more prosperity to the farmers of India. KRIBHCO has formed a 100% owned Special Purpose Vehicle (SPV) called “KRIBHCO Green Energy Private Limited” (KGEPL), which is setting up two Bio ethanol projects at Hazira in Gujarat and Nellore in Andhra Pradesh.
KGEPL has also executed Long Term off Take Agreement with Oil Marketing Companies for a period of ten years for offtake of Bio Ethanol for blending into petrol. The construction of the two bio-ethanol plants is in full swing and is expected to be completed for commencement of production during the Financial Year 2024-2025.
KRIBHCO Fertilizers Limited (KFL)
KRIBHCO Fertilizers Limited (formerly KRIBHCO Shyam Fertilizers Ltd.) is a 100% subsidiary of KRIBHCO. KFL owns a gas based Fertilizer Complex at Shahjahanpur, U.P strategically located in North India. The fertilizer complex consists of 1520 MPTD Ammonia Plant (annual capacity of 5.02 Lakh MT) and 2620 MTPD Urea Plant (annual capacity of 8.64 Lakh MT). The Fertilizer Plant is based on Natural Gas as feedstock supplied through the Hazira-Vijaipur-Jagdishpur ("HVJ") gas pipeline. The marketing of Urea and other products is undertaken by KRIBHCO.
Kribhco Agri Business Limited
KRIBHCO Agri Business Limited (KABL) was incorporated in 2022 by KRIBHCO to diversify its operations in export and trade of agricultural commodities. During Financial Year 2023-24, KRIBHCO Agri Business successfully achieved a turnover of Rs. 821 crore by selling Rice, Chilies, Maize, Makhana, and Lentils both internationally and domestically. The company has exported Agri commodities to Cotonou, Benin, Niger, Nigeria, Freetown, Conakry, Lome, Angola, Senegal, Ivory Coast, Cameroon, Seychelles, Mauritius, Mali, Philippines, Bangladesh, UAE, Singapore and Bhutan as on 31st March, 2024.
