New Delhi September 3, 2019 The Krishak Bharati Cooperative Limited (KRIBHCO), the premier fertiliser producing farmers’ cooperative society will be holding its 39th Annual General Meeting (AGM) in New Delhi on September 5, 2019 with focus on Agriculture development and Co-operative development .

" About 600 members and directors of KRIBHCO are expected to attend the AGM with focus on strengthening Agriculture developmenbt and co-operative system, to enhance the urea installed capacity and increase its market share , to diverisfy into other core sectors like power, port, infrastrucyture and rural retail and to transfer technology for modern farming and imrovung farmers livelihood" said Dr Chandra Pal Singh Yadav, Chairman , KRIBHCO in a press statement.

"The major highlight of the 39th AGM will be an Agri Exposition where latest farming technolgies will be dispalyed, farmers meeting and riral development . The farmers meet will help educate and train farmers provide free testing facilities for soil nutrients and irrigation water" said Dr Yadav.

"Kribhco despite facing procedural challenges including introduction of Goods and Services Tax (GST) ,changes in the disbursement of subsidy on fertilisers by government and difficulties in generating Direct Benefit Transfer (DBT) due to systemic changes the society has poster Pre Tax Profit of Rs 162.56 Crore during the year 2018-19 and declared a dividend of 18 per cent on the paid up share capital." said N Samasiva Rao, Managing Director, Kribhco,

“KRIBHCO’s during the year 2017-18 sold 44.03 lakh Metric Tonne of Urea , This included output from joint venture plants at Oman and Shahjehanpur in Uttar Pradesh, . It also produced 3,69 lakh quintals and sold 3.55 lakh quintals of certified seeds of various crops . This included about about 99,000 packets of BT Cotton seeds and other products .4.097 quintals of Maize , .203 quintals of hybrid paddy,It also sold compost, solid and liquid bio-fertilisers.” Mr Rao, KRIBHCO, Managing Director , .

"Kribhco has completed all completed all environment formalities for setting up up of DAP/NPK fertiliser plant near Krishnapatnam in Andhra Pradesh .The project is being set up in partnership with OCP of Morocco . KRIBHCO & OCP issued invitation bid for selection of engineering process contractor but found bids received too high.Soon further decision will be taken on the project " said Mr Rao.

“At present, Kribhco has one urea plant in Hazira in Gujarat having an annual capacity of 2.2 million tonnes. Besides, the cooperative has one plant in Shajhanpur in Uttar Pradesh where the Shyam Group has exit the partnership having a capacity of 1 million tonnes and one plant in Oman in partnership with IFFCO.” Said Mr Rao.

" KRIBHCO apart from chemical fertilisers should also focus on eco friendly bio and organic fertilisers as demand for these products is on constant increase " He added

Krishak Bharati Cooperative Ltd (Kribhco), a leading fertiliser, seeds and bio-fertiliser producer in the cooperative sector Kribhco, since its commercial operations from 1986-87, has been consistently earning profit and paying dividend to its equity holders - Member societies and Government of India.