Chambal Fertilisers & Chemicals (CHAMBAL), a part of the K.K. Birla group, is a diversified conglomerate having interests in fertilizers, phosphoric acid, agri-inputs & seeds, agri-biotechnology, textiles, information technology, food processing and shipping. Promoted by Zuari Agro Chemicals in 1985, the company got its current name on Jan. 12, 1989. The managing director of the company is Anil Kapoor. The company`s two hi-tech nitrogenous fertilizer plants in Gadepan (Rajasthan), having a capacity of 1.7292 million tons of urea per annum, becomes India`s largest urea producer in the private sector. The facility in Himachal Pradesh can produce upto 20.52 million potato seeds (Technituber) per annum. The processed food unit in Sonepat, Haryana processes, packages and freezes high quality fruits and vegetables using the brand name Everfresh. Its textile division, Birla Textile Mills, is in Baddi (Himachal Pradesh) and produces synthetic grey and dyed blended yarn in various single and dyed counts for the domestic and export markets. It is ISO 9001:2000 certified. Indo Maroc Phosphore SA , the company`s phosphoric acid plant in Morocco, produces 330,000 tons per annum of merchant grade phosphoric acid (54% of P2O5) making it the largest producer of phosphoric acid in the world. Its software company, Software Group (ISG), has set up a world-class software development centre in Chennai. The company has dominated the mortgage industry by providing web-based IT solutions and services. The company has joint ventures with OCP, Morocco and with Technico, Australia. The Company`s subsidiaries include NovaSoft Information Technology Corporation, USA; Chambal Biotech; and ISG Novasoft Technologies, India. Its corporate office is at Nehru Place, New Delhi and registered office in Gadepan, Kota district, Rajasthan.
Update: 23 Sep 2011
Chambal Fertilisers and Chemicals has dipped 7% to Rs 99 on reports of the decontrol of urea price faces roadblock as the fertilizer ministry feels that the urea prices would go up after deregulation, affecting the crop production. Under the draft policy, a partial freeing of the retail price of urea was proposed. The government had partially freed prices of phosphatic. Thus the moral of the whole story is that one has to keep an eye on the govt policies as a policy made by the govt which is not acting in the interest of the stock can make or break that particular stock in a matter of days.
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