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Matix Fertilisers and Chemicals Ltd is one of India’s fastest-growing fertiliser companies.
Matix owns and operates a fully-integrated, gas-based Urea plant in Panagarh, West Bengal. The capacity of this plant is 1.27 MTPA, making it one of India’s largest single-stream fertiliser plant. Situated in a urea-deficit region, the plant enjoys a locational advantage with an assured market.
The plant, currently operating at full capacity, has been set up with licensing from international technology providers KBR (USA) for Ammonia, and Saipem (Italy) for Urea.
In less than a year of operations, Matix’s “Dr. Fasal” brand has become the leader in India’s Eastern market for Urea fertilisers with a 25% market share, it is powered by a strong distribution network of nearly 700 dealers.
The plant has a 54 MW captive power unit, dual rake railway siding, and utilities spread across a campus of approximately 500 acres.
The company has a 20-year long-term gas supply agreement with GAIL, India’s largest gas supply company.
The plant is covered as a green-field project under Government of India’s (GOI) New Investment Policy for Urea.