New Delhi-based Crystal Phosphates Limited (CPL), a premier agrochemicals company in India, aims to achieve a turnover of Rs 650 crore in the current financial year, a 58.53 per cent growth over Rs 410 crore which the company recorded in 2008-09.
“We are confident of exceeding our business target this year as we are expanding our base in more areas through a widespread network of 20,000 dealers and over 1, 00,000 direct farmers across the country”, Pankaj Singh Bora, general manager (marketing) of the company told Business Standard here.
He claimed that the company has already made Rs 500 crore business during the first nine months of the current fiscal. CPL's turnover has jumped from Rs 87 crore in 1993-94 to Rs 410 crore by the end of 2007-08. Apart from India, the company markets its products overseas, primarily in the South-East Asian and European countries.
“We have set an export target of Rs 25 crore in this fiscal”, said Bora.
The company makes about 100 different products for all type of crops including paddy and vegetables. These products include 45 pesticides, 28 herbicides, 14 fungicides and 10 micro-nutrients.
The company has a manufacturing unit at Sonepat (Haryana) with a manufacturing capacity of 16,500 tonnes of granules, 15000 kilo-litres of liquid and 12,000 tonnes of dust.
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CPL has another manufacturing facility at Jammu which produces various pesticides with an annual capacity of 11,000 tonnes of granules, 13,000 kilo litres of liquid and 10,000 tonnes of dust. It has also set up a new production unit in Delhi.
The company, which was established in 1973 as Jai Shree Agro Industries Limited, has already ventured into agriculture equipments like spray pumps and other tools to provide one-stop solution to the farming community.