Acquisitions29 Aug 2025, 04:17 pm
Mangalore Chemicals & Fertilizers Ltd to Acquire Fertiliser Business from Zuari Agro Chemicals Ltd for INR 72.75 Crores
AI Summary
Mangalore Chemicals & Fertilizers Ltd (MCF) has executed a business transfer agreement with Zuari Agro Chemicals Ltd (ZACL) to acquire the Single Super Phosphate (SSP) fertiliser business having an installed capacity of 200,000 TPA. The turnover of the business being acquired was lower at Rs. 47.80 crores in FY 2025 due to lower capacity utilisation. The acquisition is expected to boost the turnover and margins of MCF by enlarging its product basket. The cost of acquisition is INR 72.75 crores.
Key Highlights
- MCF to acquire SSP fertiliser business from its related party, ZACL.
- The acquisition involves a granulated single super phosphate plant situated in Mahad, Maharashtra and certain related assets.
- The turnover of the business being acquired was lower at Rs. 47.80 crores in FY 2025 due to lower capacity utilisation.
- The acquisition is expected to boost the turnover and margins of MCF by enlarging its product basket.
- The cost of acquisition is INR 72.75 crores.