| Fertilizers | Manufacture and sale of nitrogenous and complex fertilizers for agriculture. | Government backing, extensive distribution, technical expertise, and established brand trust. | Farmers and agricultural cooperatives (B2C and B2B). | Specialty fertilizers like nano urea and coated urea have higher margins. | 10559 | 62 | Sales of manufactured fertilizers through direct and dealer networks, government supply contracts. | Predominantly fixed or subsidized pricing regulated by government policies. | Strong domestic demand, product innovation, government procurement policies, increased complex fertilizer consumption. | Suphala NPK, Urea, Urea Gold, Nano Urea |
| Trading | Trading and resale of imported fertilizers and agro-inputs. | Designated as State Trading Enterprise for fertilizer imports on government account. | Agricultural dealers and government agencies (B2B). | Limited due to regulated pricing. | 4675 | 28 | Purchase and resale margins, government-mandated import trading operations. | Transaction-based trading with government directives on pricing. | Increasing fertilizer import volumes, import mandates from Department of Fertilizers. | Imported DAP, MOP, other fertilizer products |
| Industrial Products | Production and sale of industrial chemicals used in multiple sectors. | Large integrated manufacturing facilities and long-standing client relationships. | Chemical industries, manufacturing firms, export markets (B2B). | Specialty chemicals and refrigerant ammonia. | 1655 | 10 | Sales contracts with industrial clients, export of select chemical products. | Market-linked pricing with contracts and spot sales. | Demand for industrial chemicals in manufacturing, growth in mining sector needing AN melt. | Methanol, Ammonium Nitrate Melt, Dimethylformamide (DMF), Sulphuric Acid |
