Meghmani Organics (MOL) has forayed into manufacturing of nano urea (liquid) fertilizer through it’s wholly owned subsidiary Meghmani Crop Nutrition (MCNL).
MCNL has entered into a licensing agreement with one of the leading domestic fertiliser manufacturers for producing nano urea by using their domestically developed patented technology.
The company will set up a plant in the state of Gujarat with an investment of Rs 150 crore. The plant will have a capacity of 5 crore bottles (500 ml) per year.
MNCL is expected to commence commercial production by Q4/FY24.