Zuari Agro Chemicals to Sell Mahad Plant to Subsidiary for INR 72.75 Crore 6 days ago
Zuari Agro Chemicals Limited (ZACL) has approved the sale of its granulated single super phosphate plant and related assets in Mahad, Maharashtra, to its subsidiary Mangalore Chemicals & Fertilizers Limited (MCFL) for INR 72.75 crore. The transaction, structured as a slump sale, is expected to complete within three months, subject to shareholder approval. The Mahad plant contributes 100% of ZACL's total turnover (INR 47.80 Cr) and represents 38% of its net worth. This move aims to provide liquidity to ZACL for repaying certain liabilities and streamline operations within the group.
Zuari Agro Chemicals Reports Robust Q1 Performance with 890% Surge in Net Profit Jul 31, 2025
Zuari Agro Chemicals to Invest Up to Rs 180 Crore in Joint Venture ZMPPL Jul 28, 2025
Zuari Agro Chemicals to Invest ₹180 Crore in Joint Venture ZMPPL Jul 28, 2025
Zuari Agro Chemicals to Invest Up to Rs 180 Crore in Joint Venture ZMPPL Jul 28, 2025
More news about Zuari Agro Chemicals
28Jul 25
Zuari Agro Chemicals to Invest ₹180 Crore in Joint Venture ZMPPL through CCPS
Zuari Agro Chemicals Limited (ZACL) plans to invest up to ₹180 crore in its joint venture, Zuari Maroc Phosphates Private Limited (ZMPPL), by subscribing to Compulsorily Convertible Preference Shares (CCPS). This investment, matched by OCP S.A., aims to strengthen ZMPPL's finances and maintain its majority stake in Paradeep Phosphates Limited (PPL) following a scheme of arrangement involving Mangalore Chemicals and Fertilizers Limited. The transaction, subject to conditions, has a 100-day completion timeline and is part of ZACL's strategy to bolster its position in the fertilizer industry.
Zuari Agro Chemicals experienced a 65% decline in Q4 FY25 consolidated net profit to ₹27.20 crore, with total income falling to ₹973.80 crore. However, the company's full-year FY25 performance showed significant improvement, with net profit increasing by 86% to ₹230.96 crore. The contrasting results indicate challenges in the fourth quarter but overall strong performance for the fiscal year.
13May 25
Zuari Agro Chemicals Temporarily Halts Operations at Mahad SSP Plant
Zuari Agro Chemicals Limited has announced the temporary closure of its Single Super Phosphate (SSP) plant in Mahad, Maharashtra. The company disclosed this in a regulatory filing without specifying reasons or duration for the shutdown. This closure could potentially impact the company's production capacity, supply chain, and financial performance in the short term. The market and stakeholders are awaiting further details on the reasons for the closure and the expected timeline for resuming operations.