Matrix May Enter Coimbatore

“The bank officials will visit Hyderabad in the first week of January to discuss the modality. The company will divest about 15 per cent equity for the investment coming from the bank and the HNI consortium,” he added. The company, which started operations in 1999 with chemical fertiliser and allied products, has launched granulated biofertilisers in 2008 under the Swarnalakshmi brand. Within a year, it sold about 10,000 tonne. Matrix has set a target of having a capacity of 400,000 tonne granulated biofertilisers.
As part of this, it is setting up three manufacturing plants, each with a capacity of over 125,000 tonne in Andhra Pradesh, Tamil Nadu and Uttarakhand. Of the Rs 50 crore, the company will invest about Rs 30 crore for setting up the plants and the remaining will be used as working capital. The company has purchased about 30 acre in Ongole for seaport connectivity of which about five acre will be used for the manufacturing plant. For the remaining two locations, it is in talks with a few sick fertiliser companies in Coimbatore, Karnataka and Maharashtra for buying them out. “We are keen on buying a few sick units to start our scaling operations immediately,” Prasad said.
The company expects to close the deals in a fortnight and get the manufacturing plants ready by the next kharif season in June, he said. According to him, granular biofertiliser has a market potential of Rs 20,000 crore and the company is targeting to tap about 5 per cent of it in five years. The company tied up with National Innovation Foundation in 2007 to develop and commercialise its 13 molecules. It is also working with the International Crops Research Institute for the Semi Arid Tropics. Under the agreement, Matrix will use the facilities at Icrisat while the latter will get a small stake in the company.
printland5762 2p · 240 weeks ago
Custom face mask
varun · 239 weeks ago
machinerydukaan1 · 228 weeks ago
Power weeder dealers in Uttar pardesh
Power Sprayer in Uttar Pardesh
HTP Sprayer dealers in Uttar pardesh
Brush cutter in Uttar pardesh
Power Weeder
Diesel Engine in uttar pardesh
ajay · 215 weeks ago
machinerydukaan · 214 weeks ago
honda power weeder
honda power weeder in India
<a href="https://www.machinerydukaan.com/products/detail/small-power-weeder-power-tiller
">power weeder online
Greaves 1510 Diesel Engine
briggs & stratton xr2100
<a href="https://www.machinerydukaan.com/products/detail/small-power-weeder-power-tiller
">power weeder online
htp power sprayer
briggs & stratton xr550
honda power tiller
dfgfgfg55 · 193 weeks ago
ollieandjames.com · 193 weeks ago
prakriya hospital · 181 weeks ago
prakriya 13p · 181 weeks ago
peopletree · 179 weeks ago
trustwell hospitals · 178 weeks ago
trustwell hospitals · 178 weeks ago
trustwell · 178 weeks ago
trustwell hospitals · 178 weeks ago
anoopjhurani 4p · 175 weeks ago
Hip Replacement in Jaipur
Sivakumar · 174 weeks ago
anoopjhurani 4p · 174 weeks ago
Robotic Joint Replacement India
ROINET · 173 weeks ago
Are you looking for small business ideas for rural areas ? Then come and start your business with ROINET solutions. Be a partner with us and help us in serving the underserved. We provide facilities like digital banking, doorstep banking, AEPS, domestic money transfer, mini ATM, bill pay and utility services, insurance, loans, etc.
greenfield housings · 171 weeks ago
By
GreenField Housings Coimbatore
Greenfield Crown City
Greenfield Emerlard City
greenfieldhousing
greenfieldhousings@gmail.com
9750822467
royalpicks cars · 169 weeks ago
thanks for sharing
by
royalpicks self drive cars
self drive car rental in Coimbatore | self drive cars Coimbatore
self drive car rental in Theni | self drive cars Theni
self drive car rental in Chennai| self drive cars Chennai
self drive car rental in Madurai | self drive cars Madurai
self drive car rental in Trichy | self drive cars Trichy
self drive car rental in Salem | self drive cars Salem
royalpicks cars · 169 weeks ago
thanks for sharing
by
royalpicks self drive cars
self drive car rental in Coimbatore | self drive cars Coimbatore
self drive car rental in Theni | self drive cars Theni
self drive car rental in Chennai| self drive cars Chennai
self drive car rental in Madurai | self drive cars Madurai
self drive car rental in Trichy | self drive cars Trichy
self drive car rental in Salem | self drive cars Salem
ramajyothiji 6p · 161 weeks ago
vijay · 160 weeks ago
ram · 159 weeks ago
owen · 156 weeks ago