Tata Chemicals Ltd is planning to roll-out a nutrient-based basal fertiliser 'Paras Farmoola', across the country and will invest Rs110 crore in setting up manufacturing units for it. "We have developed Paras Farmoola for select crops in a specific region based on soil, crop and water sample analysis," Tata Chemicals managing director R Mukandan said.
He said that the company is planning to set up two more such units with an investment of Rs55 crore each. The company said Paras Farmoola is designed to contain macro and micro nutrient as per the requirement of a specific region and requires a comprehensive land survey before its launch in any part of the country.
Tata Chemicals is now in the process of conducting a comprehensive land survey in West Bengal to launch their product in the state. The company is planning to roll-out the product across the country. Apart from West Bengal it will soon start surveys in other parts of the nation as well.
Tata chemicals would also carry out educational and awareness programmes with farmers across the country in a phased manner.
On Tuesday, Tata Chemicals rose 0.60% to Rs380.25 on the Bombay Stock Exchange, while the benchmark Sensex closed 1.33% down at 19,691.84 points.
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