Indian Potash

What Indian Potash does

Indian Potash Limited (IPL) is a state-owned, cooperatively-governed enterprise incorporated in 1955 under the Indian Companies Act to import, handle and distribute fertilizers — initially potash, later expanding to urea, DAP, MOP, SSP, SOP, NPK compounds and specialty products such as Nano Urea Plus and Nano DAP. Headquartered in Chennai with a corporate office in New Delhi, IPL operates as a government-authorized State Trading Enterprise with urea-import status extended through March 2027, and runs 15 regional offices, a dealer network reaching approximately six lakh villages, more than 500 inland storage locations, and port handling capability exceeding three million tonnes per year.

The product portfolio spans the Bharat fertilizer range (Urea, DAP, MOP, TSP, NPK 16:16:16, SOP, Calcium Nitrate, MAP, Mono Potassium Phosphate, NPK 19:19:19, Polyhalite, Potassium Nitrate, Granular SSP, Potash Derived from Molasses, Kisan Mitra Gold organic manure, and liquid nano fertilizers). IPL has diversified downstream into cattle feed production at Sikandrabad and Renigunta, dairy processing at Sonepat under the Dairy Fresh brand with approximately 7 lakh litres of milk per day, sugar manufacturing across roughly 9,700 TCD of capacity (six Uttar Pradesh units plus Dhenkanal in Odisha), grain-based and cane-based distilleries, bio-CNG plants, a jewellery JV with MMTC called IPL Swarnalaya, and a planned greenfield break-bulk port in Southern Gujarat requiring up to Rs 1,500 crore of investment.

Revenue is generated primarily through government-subsidized fertilizer import and distribution on a transaction/take-rate basis, with retail prices such as the ~Rs 266 per 45-kg urea bag masking a real cost near Rs 4,000 absorbed by the Indian government. Distribution flows through state cooperative marketing federations, primary agricultural cooperative societies, private dealers, and a field-sales force providing agronomic extension. Recent additions to the offtake portfolio include a 5-year MOP supply MoU with Israel Chemicals (375,000 MT), a joint venture with Russia's Uralchem for a 2 mtpa urea plant at Togliatti (Rs 20,000 crore), and a 10-year green ammonia purchase agreement via SECI under India's National Green Hydrogen Mission (Rs 20,000 crore). Annual turnover is approximately Rs 22,000 crore.

Name

Indian Potash

Legal name

Indian Potash Limited

Website

https://indianpotash.org

Company type

Private

Founded year

1955

Operating status

Operating

Headcount range

1–10 employees

Short description

Indian Potash Limited is a state-owned, cooperatively governed enterprise established in 1955 that imports and distributes government-subsidized fertilizers across India through 15 regional offices and a dealer network reaching approximately six lakh villages, with diversified operations in dairy, cattle feed, sugar, and precious metals.

Ownership category

akta.pro rank

Product category

Fertilizer Distribution and Agricultural Inputs

NAICS

Nitrogenous Fertilizer Manufacturing (325311), Phosphatic Fertilizer Manufacturing (325312)

SIC

Agricultural Services (700)

akta.pro primary industry

Fertilizer & Nutrient Retail (Dry, Liquid, Blends) (AFABAJAF)

akta.pro secondary industries

Potash Fertilizers (MOP/KCl, SOP/K2SO4, Potassium Nitrate) (AFABABAC), NPK/Compound & Blended Fertilizers (Granular Blends, Bulk Blending) (AFABABAD), Fertilizer & Potash Terminals (TLAHABAF), Fertilizers & Potash Bulk Transport (TLADAKAI)

Keywords

• Fertilizer import distribution
• Agricultural input supply
• Potash fertilizer products
• Crop nutrient solutions
• Bulk fertilizer handling

Headquarters

HQ city

Chennai

HQ country

India

HQ region

Asia

Offices26 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Fertilizer Import and Distribution: IPL operates as a government-authorized agency to import and distribute fertilizers (urea, DAP, MOP, SSP, SOP) across India. The company procures fertilizers through global tenders and distributes them through a pan-India network of dealers, cooperatives, and primary agricultural cooperatives. Revenue is generated through government-subsidized fertilizer sales.
2. Dairy Operations: IPL procures and processes around 7 lakh litres of milk per day through its state-of-art processing plants, selling dairy products under the 'Dairy Fresh' brand.
3. Cattle Feed Production and Sales: Production and marketing of cattle feed from plants at Sikandrabad (Uttar Pradesh) and Renigunta (Andhra Pradesh) to improve milk capacity and healthier calving for farmers.
4. Sugar Manufacturing: IPL acquired and operates five sugar factories with total capacity of approximately 9700 TCD, including units in Uttar Pradesh (Khadda, Siswa Bazar, Sakhoti Tanda, Rohana Kalan, Jarwal Road, Titawi) and Odisha (Dhenkanal). Also operates distilleries and CBG plants.
5. Precious Metals (IPL Swarnalaya): In collaboration with MMTC, IPL operates jewellery showrooms under 'IPL Swarnalaya' brand in New Delhi, selling gold, silver jewellery and medallions to semi-urban and rural markets through its fertilizer dealer network.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels10 records

Core offering

Indian Potash Limited is a state-owned, cooperative-linked enterprise that imports and distributes a full range of fertilizers (urea, DAP, MOP, SSP, SOP, NPK complexes, specialty nano fertilizers) to Indian farmers through a pan-India dealer and cooperative network coordinated by 15 regional offices. Beyond fertilizers, it operates dairy processing (Dairy Fresh, 7 lakh litres/day), cattle feed production, sugar manufacturing (approximately 9,700 TCD across seven units), precious-metals retail (IPL Swarnalaya with MMTC), and is investing in a greenfield port in Southern Gujarat. Revenue is earned largely through government-subsidized bulk fertilizer distribution.

Product overview

Indian Potash Limited (IPL) operates as a diversified agricultural conglomerate with a primary focus on fertilizer import, handling, promotion, and marketing. The company offers a comprehensive portfolio of fertilizers including urea, DAP, MOP, SSP, NPK compounds, specialty fertilizers (Nano Urea, Nano DAP), and organic products under the Bharat brand. Beyond fertilizers, IPL has diversified into dairy processing (7 lakh litres/day capacity), cattle feed production, sugar manufacturing (approximately 9700 TCD across multiple units), precious metals retail (IPL Swarnalaya with MMTC), and port infrastructure development. The company maintains a PAN India presence through a network of 15 regional offices and over 500 strategic storage locations, serving the agricultural sector with an annual turnover of approximately Rs 22,000 crore.

Differentiator

Problem solved

Functional benefit

Brands

• Bharat MOP: Bharat MOP (Muriate of Potash/Potassium Chloride) - 60% K2O content, red-white crystal form, available as Bharat Granular MOP
• Bharat DAP
• Bharat Urea
• Bharat Triple Super Phosphate
• Bharat Acrona NPK 16:16:16
• IPL Nano Urea Plus
• IPL Nano DAP
• Dairy Fresh

Products and services

• Bharat Urea Urea fertilizer with 46 percent nitrogen content; neem coated, rounded, free-flowing, completely soluble in water; sold via the pan-India dealer network to Indian farmers.
• Bharat DAP Diammonium Phosphate containing 18% Nitrogen and 46% phosphate; provides plant-available phosphate and ammonium, dissolves quickly in soil; sold through IPL's dealer and cooperative channels.
• Bharat MOP (Muriate of Potash) MOP with 60% Potassium oxide in granular form (2-3mm bold granules); completely water-soluble, readily available to crops; supplied via the IPL cooperative and dealer channel under a five-year supply arrangement with Israel Chemicals Limited (2022-2027, 375,000 MT + 50,000 MT optional at $383/ton CIFFO).
• Bharat Triple Super Phosphate Granulated Triple Super Phosphate with 46% total phosphorus content; grey color granules suitable for all soil and crop types; cost-effective straight phosphatic fertilizer.
• Bharat Acrona NPK 16:16:16 Free-flowing, water-soluble compound NPK 16:16:16 with nitrate N, ammonical N and 75% water-soluble phosphorus (12% of 16% P2O5); enhances phosphorus use efficiency for crops.
• Sulphate of Potash (SOP) Sulphate of Potash with 50% K2O and 18% S; highly concentrated, water-soluble, low salt-index potassium source preferred for salinity-prone soils and high-value crops.
• IPL Calcium Nitrate Calcium Nitrate fertilizer containing 15.5% N and 18.5% Ca; supplies nitrogen and calcium to crops through IPL's fertilizer portfolio.
• Single Super Phosphate (SSP) Single Super Phosphate with 16-18% phosphate, 18-21% calcium and 11-12% sulfur; grey, dry granular/powdered fertilizer that doubles as a soil conditioner for sulfur-deficient soils.
• Mono-Ammonium Phosphate (MAP) Mono-Ammonium Phosphate with 11% N and 52% P2O5; water-soluble phosphatic fertilizer suitable for bulk blending and the cheapest source of P2O5.
• Mono Potassium Phosphate Water-soluble MKP fertilizer with N:00 P:52 K:34, suited to fertigation and high-value crops requiring phosphorus and potassium without nitrogen.
• IPL NPK 19:19:19 Imported water-soluble NPK 19:19:19 complex fertilizer balanced in nitrogen, phosphorus, and potassium.
• Polyhalite Polyhalite (IPL Dihydrate) fertilizer providing multi-nutrient potassium, calcium, magnesium, and sulfur nutrition in a single application.
• IPL Potassium Nitrate Potassium Nitrate (KNO3 13-0-45) fertilizer providing potassium and nitrate nitrogen with low salt index for high-value crops.
• Granular SSP Granular Single Super Phosphate with P:16%, water-soluble P:14.5%, S:11%, suited to mechanical application and bulk blending.
• Granular Potash PDM (Potash Derived from Molasses) Granular potash derived from molasses (PDM), offering an indigenous bio-based potassium source for Indian agriculture.
• IPL Kisan Mitra Gold (Fermented Organic Manure) Fermented organic manure designed to improve soil health and complement mineral fertilizer use in Indian agriculture.
• IPL Nano Urea Plus Liquid Nano Urea Plus containing 16% N w/w (20% N w/v); delivers nitrogen more efficiently than conventional urea and reduces bag-handling logistics.
• IPL Nano DAP Liquid Nano DAP (18:16:0) for foliar/fertigation phosphorus delivery to crops, complementing conventional DAP.
• Dairy Fresh (Dairy Products) Processed milk and dairy products marketed under the 'Dairy Fresh' brand, processed at state-of-art plants with capacity of around 7 lakh litres per day; sold to Indian consumers and institutional buyers, supporting dairy farmers with assured milk procurement.
• Cattle Feed High-quality cattle feed produced at Sikandrabad (UP) and Renigunta (AP) plants; formulated to improve milk capacity and healthier calving, sold to dairy farmers across northern and southern India.
• Sugar Products Sugar produced from seven IPL-owned mills (approximately 9,700 TCD total crushing capacity across UP and Odisha), with co-located distilleries and bio-CNG plants; sold into India's sugar and ethanol markets.
• IPL Swarnalaya (Precious Metals and Jewellery) Jewellery and precious metals (gold and silver, plus MMTC's 'Sanchi' silver jewellery brand) sold through showrooms operated under the IPL Swarnalaya brand, targeted at semi-urban and rural customers reached via the IPL fertilizer dealer network.
• Port Infrastructure (Greenfield Gujarat Port) Planned greenfield break-bulk port in Southern Gujarat, with up to Rs 1,500 crore planned investment, extending IPL's existing port handling capabilities (more than 3 million tonnes of fertilizer per year across major and minor ports).

Quantifiable outcome

• Served farmers across six-lakh villages of entire country through dealer network
• +3 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Ten partnerships are on record, tiered core and minor.

• Israel Chemicals Limited (ICL)coreStrategic or Co-development Partner · 24 June 2026Five-year potash supply agreement (2022-2027) covering 375,000 metric tons with option for additional 50,000 tons at $383 per ton on CIFFO basis at Indian ports. Signed in presence of Dr. Mansukh Mandavia, Union Minister of Chemicals and Fertilizers.
• Saudi Arabia, Russia, Egypt, Morocco (DAP Suppliers)coreOthers · 13 May 2026DAP procurement of 1.35 million tonnes sourced primarily from Saudi Arabia, Russia, Egypt, and Morocco at $930-935 per tonne for delivery by August 15.
• Russia, Algeria, Nigeria, Egypt, Indonesia, Malaysia (Urea Suppliers)coreOthers · 22 April 2026IPL sourcing urea from multiple countries including Russia, Algeria, Nigeria, Egypt, Indonesia, and Malaysia for the 2.5 million tonne import tender. Suppliers agreed to bypass Strait of Hormuz for smooth transit.
• National Fertilizers Ltd (NFL)coreStrategic or Co-development Partner · 6 April 2026Joint venture partner in India-Russia urea plant project. Combined with Rashtriya Chemicals and Fertilizers for securing India's fertilizer supplies through the joint venture.
• Rashtriya Chemicals and Fertilizers (RCF)coreStrategic or Co-development Partner · 6 April 2026Joint venture partner in India-Russia urea plant project. Combined with National Fertilizers and Indian Potash for the 2 million tonne urea plant in Russia.
• Solar Energy Corporation of India (SECI)coreStrategic or Co-development Partner · 30 March 2026Green Ammonia Sale Agreement (GASA) for 370,000 tonnes per annum under National Green Hydrogen Mission. 10-year contract valued at Rs 20,000 crore. ACME Group building facility in Odisha; SECI acting as intermediary with GASA agreements with fertilizer companies.
• Government of OdishaminorStrategic or Co-development Partner · 11 March 2026MoU signed for revival of Badamba Sugar Mill with Rs 360 crore investment. Project includes power plant, bio-CNG plant, and cold storage, benefiting around 10,000 farmers.
• Projects & Development IndiaminorImplementation/ SI/ Consulting Partner · 10 March 2026State-owned PDIL submitted pre-feasibility report for the India-Russia joint venture urea manufacturing project.
• Uralchem (Russia)coreStrategic or Co-development Partner · 5 December 2025Joint venture to build 2 million tonne per annum urea manufacturing plant at Togliatti, Samara, Russia. Total investment of Rs 20,000 crore (50:50 JV). Uralchem investing Rs 10,000 crore in ammonia plant; Indian SOEs investing Rs 10,000 crore for urea unit. Entire production to be supplied to India.
• MMTC (Metal Scrap Trading Corporation)minorChannel Partner/ Reseller/ DistributorCollaboration with state-owned MMTC for 'IPL Swarnalaya' jewellery showrooms in New Delhi, dealing in gold, silver jewellery and MMTC's 'Sanchi' silver jewellery brand. IPL utilizes its dealer network to expand MMTC reach into smaller cities and villages.

Scale indicators9 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• Indian Farmers Fertiliser Cooperative (IFFCO): India's largest fertilizer cooperative and direct comparable to IPL. Both operate as cooperative-anchored entities distributing fertilizers through pan-India networks with government support, and IFFCO holds board representation in IPL.
• National Fertilizers Limited (NFL): Public sector urea manufacturer and JV partner in the India-Russia urea project. NFL competes directly with IPL in fertilizer distribution and shares the cooperative-government ownership structure.
• Zuari Agro Chemicals: Indian fertilizer manufacturer producing urea, DAP, and complex fertilizers under the Zuari brand with pan-India distribution. Direct competitor to IPL in the fertilizer distribution market.
• Paradeep Phosphates: Major Indian phosphatic fertilizer manufacturer (Zuari Group/OCP partnership) producing DAP and NPK at Paradeep port. Direct overlap with IPL's phosphatic fertilizer distribution business.
• Coromandel International: India's leading private-sector fertilizer manufacturer (part of Murugappa Group) with strong presence in phosphatic and complex fertilizers, retail network (Mana Gromor), and SSP production that overlaps directly with IPL's product portfolio.
• Gujarat State Fertilizers and Chemicals (GSFC): State-owned fertilizer manufacturer with diversified portfolio including fertilizers, chemicals, and petrochemicals. GSFC holds board representation in IPL and competes in similar product categories with government-backed distribution.
• Rashtriya Chemicals and Fertilizers (RCF): Public sector fertilizer company and JV partner with IPL in the India-Russia urea project. RCF manufactures and distributes fertilizers with similar government-enterprise structure and overlapping product portfolio in urea and DAP.
• Chambal Fertilizers and Chemicals: Major private-sector Indian fertilizer manufacturer and distributor of urea and DAP, competing with IPL for farmer customers across northern and western India through a similar dealer-driven model.
• Deepak Fertilizers and Petrochemicals: Indian fertilizer manufacturer producing NPK, specialty fertilizers, and crop nutrients. Competes with IPL in the specialty and complex fertilizer segments with differentiated product technology.

Broad incumbents

• Israel Chemicals Ltd (ICL Group): Global specialty fertilizer and potash producer that is IPL's strategic supply partner (5-year MOP agreement 2022-2027). Provides upstream potash supply into IPL's distribution network and serves as both supplier and peer in the broader fertilizer value chain.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/indian-potash-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Indian Potash