COMPANY SNAPSHOT

Indian Potash Ltd is India’s foremost potash importer and fertilizer handler, operating under a cooperative-majority structure led by IFFCO. Strong performance in FY24, healthy profitability, and strategic partnerships underpin its core fertilizer distribution business. Significant diversification into agri-linked sectors enhances resilience and long-term value.

Founded in June 1955 as Indian Potash Supply Agency, renamed to Indian Potash Limited in 1970.

Headquartered in Chennai, IPL is the largest importer, handler, and distributor of potassic fertilizers like muriate of potash (MOP), sulfate of potash, DAP, and TSP in India.

While fertilizer distribution remains its core business, IPL has diversified into:

• Cattle feed (plants in Sikandrabad, UP & Renigunta, AP)
• Dairy (processing ~700,000 litres/day for retail and Mother Dairy)
• Sugar (acquired ~9,700 TCD capacity sugar mills in UP; supplies pharma-grade sugar to GSK, Abbott)
• Precious metal trading (gold & silver via rural dealerships)
• Infrastructure plans such as warehousing and port facilities

International Partnerships & Initiatives

Entered an MoU with Israel Chemicals Ltd (ICL) for a 5-year MOP supply, signed in presence of India’s Union Chemicals Minister (2022–2027).

Strategic Positioning

• As the majority MOP importer, IPL plays a key role in India’s fertilizer supply chain, closely linked to agricultural policy and food security.
• Diversification into cattle feed, dairy, sugar, and precious metal trading aligns with its rural reach and long-term hedging strategy.

INDUSTRY OUTLOOK

Market Size & Growth

• India’s potash market was roughly ₹20,900 crore (USD 2,441 M) in 2022 and is expected to almost double to ₹36,500 crore(USD 4,264 M) by 2032—growing at a CAGR of around 5.7%.

Demand Drivers

• Balanced fertilization: With emphasis on NPK regimes, potash is critical for improving yield, drought resilience, disease resistance, and crop quality—especially for staples and commercial crops.
• Precision & sustainable agriculture: Growing adoption of liquid potash, fertigation, and specialty potash (e.g., sulphate of potash) supports targeted crop needs and soil health.

Government Policy & Support

• Major subsidies: A ₹37,216 crore subsidy was approved for phosphatic & potassic fertilizers during Kharif 2025, ensuring affordability for farmers.
• Long-term sourcing: India (via IFFCO & IPL) is securing multi-year import deals via joint ventures and equity in overseas mines to stabilize supply and pricing.

Trends & Opportunities

• Specialty & eco-friendly formulations: Rising demand for sulphate of potash and chlorine-free grades, particularly for horticulture and organic farming.
• Technology integration: Innovations like smart fertigation, controlled-release potash, and NPK sensing tech are gaining traction.
• Emerging crop segments: Higher-value crops (fruits, vegetables, nuts) are driving potash uptake due to their nutrient sensitivity.

Summary

India’s potash fertilizer sector is positioned for sustainable growth, powered by crop intensification, agritech adoption, and supportive subsidies. Greater use of specialty formulations and technology platforms offers emerging premium segments, while supply-side efforts—like securing overseas deals—help mitigate volatility.

LATEST SHAREHOLDING