Hindustan Insecticides Ltd (HIL) is venturing into fertiliser sector by signing an agreement with public sector undertakings NFL and RCF. The company signed agreement with National Fertilisers Ltd (NFL) to sell and market its urea in states of Odisha and West Bengal, similarly an agreement has also been signed with Rashtriya Chemicals and Fertilisers (RCF) to sell and market its urea in Odisha and Assam. The company is looking at sales of ?200 crore from phosphoric and potassic (P&K) fertilisers and another ?150 crore from urea in two years.
At present, HIL has three plants, one each in Kochi, Bathinda and Rasayni, with a combined capacity of 30,000 kl per annum of pesticides.
The company also has plans to expand its current capacity. To finance its expansion plans, the company is also looking to sell its 5.6 acres land here for around ?350 crore. The land is located at Zakhira near the Delhi-Rohtak road.
Company Profile : Hindustan Insecticides Ltd