Weak Nitric Acid Production Commences At Kota Project; Chambal Fertilisers Shares Rise 2.11%

Mumbai, June 1: Chambal Fertilisers and Chemicals Ltd said production of Weak Nitric Acid (WNA), an intermediate product in its Technical Ammonium Nitrate project, has commenced at the company’s existing manufacturing site at Gadepan in Rajasthan.

The company disclosed the development in an exchange filing on Monday, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

According to the filing, the project involves setting up facilities for manufacturing Technical Ammonium Nitrate, including a plant for producing Weak Nitric Acid. The company stated that while Weak Nitric Acid production has begun, production of Ammonium Nitrate Solution (ANS) and prilled High Density Ammonium Nitrate (HDAN) will commence in due course.

The development marks a significant milestone in the execution of the project, which the company has been updating investors on through a series of disclosures since April 2023.

Stock Market Snapshot

Chambal Fertilisers shares traded higher following the announcement.

As of 11:54 AM IST on June 1, 2026, the stock was trading at ₹476.25 on the NSE, up ₹9.85 or 2.11% from the previous close of ₹466.40.

The stock opened at ₹470.00 and touched ₹480.00 during the session. The day’s low stood at ₹466.90. The Chambal Fertilisers share price remained in positive territory through most of the morning session as investors reacted to the operational update.

According to exchange data, the company had a market of ₹19,100 crore and was trading at a price-to-earnings ratio of 9.77. The stock’s 52-week high was ₹580.70, while the 52-week low stood at ₹399.75.

Project Strengthens Industrial Chemicals Portfolio

Technical Ammonium Nitrate is used primarily in mining, infrastructure and industrial blasting applications. The commencement of Weak Nitric Acid production represents the first operational stage of Chambal Fertilisers’ planned entry into this value chain.

The company indicated that downstream production units for Ammonium Nitrite Solution and High Density Ammonium Nitrate are expected to become operational subsequently, completing the integrated project.

The project is located at the company’s existing Gadepan manufacturing complex in Kota district, Rajasthan, enabling it to leverage established infrastructure and operational capabilities.

Company Background

Chambal Fertilisers and Chemicals Ltd is one of India’s largest fertiliser manufacturers, with a primary focus on urea production. The company operates large-scale manufacturing facilities at Gadepan, Rajasthan, and also has interests in crop protection chemicals and specialty nutrients.

Over the years, the company has pursued diversification opportunities within the chemicals sector to complement its core fertiliser business and expand its industrial product portfolio.

Conclusion

The commencement of Weak Nitric Acid production marks an important execution milestone for Chambal Fertilisers’ Technical Ammonium Nitrate project. Investors responded positively to the development, with the stock rising 2.11% to ₹476.25 as of 11:54 AM IST on June 1, 2026. Market participants will now monitor the commissioning of the remaining project components, including Ammonium Nitrate Solution and High Density Ammonium Nitrate production facilities.

Source:

https://www.nseindia.com/get-quote/equity/CHAMBLFERT/Chambal-Fertilizers-&-Chemicals-Limited

https://nsearchives.nseindia.com/corporate/YASHIKAN_01062026113326_20260601_-_Reg_30_TAN_Project_Update.pdf