Krishak Bharati Cooperative Limited (KRIBHCO), a premier fertilizer producing farmers’ Cooperative Society has earned a pre-tax profit of Rs. 205.54 crore during the financial year 2018-19. The Society has declared dividend of 20% on equity capital for the FY 2018-19.
KRIBHCO posted a Pre Tax profit of Rs 205.54 crore and the society’s Net worth has increased from Rs 3,413.05 Crore in the year 2017-18 to Rs 3507.88 Crore as on 31st March ,2019
KRIBHCO’s urea production during the year 2018-19 was 23.42 lakh MT and Ammonia production was 13.65 lakh MT with 106.74% and 109.39% capacity utilization respectively. The Society’s product basket consists of not only Neem Coated Urea but also Bio Fertilizers, Compost, Certified Seeds, Bt. Cotton Seeds, Hybrid Seeds, SSP , Zinc Sulphate and imported DAP, MOP & NPS. KRIBHCO sold ever highest quantity 53.16 lakh MT of fertilizers during 2018-19.
KRIBHCO Infrastructure Limited (KRIL) a 100% subsidiary of KRIBHCO is operating eight Container rakes under Category –I license on Pan India basis. KRIL’s revenue has been recorded at Rs. 186.65 crore during the fiscal due to strategic efforts, which is ever highest.
KRIBHCO Fertilizers Ltd (KFL) a wholly owned subsidiary of KRIBHCO has produced 10.64 Lakh MT of urea and 6.45 lakh MT Ammonia with capacity utilization of 123.05% and 128.68% respectively.
The annual accounts of the Society have been approved by the members in its 39th Annual General Body Meeting held here today which was presided over by Dr. Chandra Pal Singh, Chairman, KRIBHCO and attended by Directors of KRIBHCO and delegates of member cooperatives from different parts of the country .
“KRIBHCO’s fertilizer complex Plant in Hazira, Gujarat has maintained its good performance during the year. KRIBHCO is committed to achieve the revised energy consumption norms of 5.5GCal /MT of Urea by March 31, 2020 at this manufacturing unit . During the Financial year 2018-19 achieved the production of 13.65 lakh MT Amonia & 23.42 lakh MT urea which corresponds to a post revamp capacity utilisation of 109.39% for Ammonia and 106.74% for urea ..” said Mr Singh
“On marketing front, the Society has excelled its performance and has maintained its position of second largest fertilizer marketer in the country. KRIBHCO, being a farmers’ organization , is surpassing Government’s initiatives of doubling farmers’ income by 2022 through reduction in cost of cultivation with judicious use of fertilizers based on free soil testing, farmers education and by promoting integrated agriculture. KRIBHCO also facilitates formation of Farmers Producers Organization (FPO) through its Gramin Vikas Trust.” Said Mr N Samasiva Rao, Managing Director, Kribhco
On this occasion, KRIBHCO honoured two eminent cooperators who have made indelible mark on the society through their dedicated efforts in cooperative movement in the country. The “Sahakarita Shiromani” Samman was conferred on Shri Ramjan Ansari from Bihar and the “Sahakarita Vibhushan” Samman was conferred on Shri Maganlal Premjibhai Ghoniya from Gujarat.
Shri Ramjan Ansari is a dynamic Cooperator and Agriculturist from Bhabua, Bihar. He has dedicated his life for cooperative development. Shri Maganlal Premjibhai Ghoniya is a dynamic cooperator and a great leader, who has dedicated his life towards development of cooperative & upliftment of rural community.