Kribhco holds 45th AGM; reports Rs 693 cr profit, declares 20% dividend

The country’s second-largest fertilizer cooperative, Krishak Bharati Cooperative Limited (KRIBHCO), organized its 45th Annual General Meeting (AGM) on Thursday at the Ashok Hotel, New Delhi. The society reported a pre-tax profit of Rs 692.74 crore for 2024–25 and declared a 20% dividend for all member societies.

The AGM was held in a celebratory atmosphere, as delegates representing KRIBHCO societies from Kashmir to Kanyakumari participated with enthusiasm. The iconic venue turned into a hub of cooperative vibrancy, showcasing unity and grassroots participation from across the country.

The meeting was attended by leading figures of the cooperative sector, including KRIBHCO Chairman V. Sudhakar Chowdary, Vice-Chairman Dr. Chandra Pal Singh Yadav, NCUI and IFFCO President Dileepbhai Sanghani, as well as Bijendra Singh, Sunil Kumar Singh, Vishal Singh, K. Ravinder Rao, Bipin Patel, Maganbhai Voda, Shilpi Arora, and Kabita Parida, among others.

Addressing the gathering, Chairman Chowdary, who recently assumed charge, presented KRIBHCO’s operational and financial highlights for FY 2024-25. The society successfully dispatched 24.45 lakh MT of KRIBHCO Urea and achieved total Urea sales of 40.64 lakh MT, including KFL Urea and Government Account Urea. Sales of imported fertilizers reached 11.01 lakh MT, and 15,324 MT of Single Super Phosphate (SSP) were marketed across multiple states. The society also sold 40,201 MT of surplus Ammonia and 57.28 lakh NM³ of liquid Argon.

KRIBHCO conducted 4,758 farmer-oriented programs, benefiting 3.77 lakh farmers, and distributed 7.39 lakh technical folders. The KRIBHCO Krishi Pramarsh Kendra in Noida provided free consultancy, tested 6,499 soil samples from 16 states, and shared results electronically. ICT initiatives such as the Kisan Helpline, email, and website helped farmers stay informed about the latest technologies.

KRIBHCO subsidiaries performed strongly. KFL achieved record production at its Shahjahanpur plant with 11.349 lakh MT of Urea and 6.966 lakh MT of Ammonia, posting an EBITDA of Rs 229.17 crore and a post-tax profit of Rs 73.97 crore, while paying a dividend of Rs 14.40 crore. Capital expenditure of Rs 60.71 crore included the new Ammonium Bicarbonate (ABC) Project, which produced 2,094 MT.

KRIBHCO Agri Business Limited (KABL) achieved a turnover of Rs 1,752 crore, expanded its commodity portfolio, and extended operations to multiple new countries, earning Rs 23.13 crore net profit and declaring its second dividend. KRIBHCO Green Energy Pvt Ltd (KGEPL) is developing bio-ethanol plants in Hazira and Nellore to support India’s 20% ethanol blending target, with production expected to start in FY 2025-26.

On the occasion, KRIBHCO’s newly appointed Managing Director S.S. Yadav presented the agenda before the delegates, which was unanimously approved by the members.

Delegates also raised important issues and suggestions before the management. Key concerns included revising TA/DA allowances for members attending the AGM. A cooperator from Rajasthan highlighted the problem of spurious DAP being sold under KRIBHCO’s name, urging the society to take strict action to safeguard farmers’ interests.

On behalf of the board, Vice-Chairman Dr. Chandra Pal Singh Yadav proposed a vote of thanks, acknowledging the support and participation of members from across the country.