Chambal Fertilisers Management Guidance Tracker
8 forward-looking guidance items tracked across 2 quarters.
Expansion
The TAN project is 92% complete and on track for completion by April 30, 2026, with management expecting 75-80%+ utilization in FY27.
Q3 FY26Morocco JV P2O5 capacity expansion to 7 lakh MT by Dec 2026TrackedThe joint venture in Morocco is increasing P2O5 production capacity from 5 lakh MT to 7 lakh MT, expected by December 2026.
Q3 FY26Sulfuric acid capacity expansion in Morocco by FY27TrackedSulfuric acid capacity in the Morocco JV is being increased, expected to be implemented a year ahead, in FY27.
Growth
Management guided for 12 new crop protection chemicals products and one specialty nutrient product to be launched in FY27.
Q4 FY26TAN plant to achieve 75-80% capacity utilization in first yearTrackedManagement expects to reach 75-80% utilization in the first year of operations, with production of ~170,000 tons over 9 months.
Capex
Management is ready to invest ₹9,500-10,000 crore in a new urea plant, pending government policy. Land, water, and environmental clearances are in place.
Q4 FY26FY27 capex of ~₹500 crore including TAN balance and routine spendsActiveTotal capex for FY27 estimated at ~₹500 crore, comprising ₹170-180 crore routine capex and balance for TAN project completion.