New Delhi, March 30 The government has extended the state trade enterprise (STE) status of Indian Potash Ltd until March 31, 2027, for the import of urea, according to a notification.
India produced 306.67 lakh tonnes of urea in 2024-25 and imported 56.47 lakh tonnes of the nutrient to meet domestic demand. The country has imported 98 lakh tonnes of urea in the first eleven months of this fiscal year.
"Import of Urea (Agricultural grade) on behalf of the Government is allowed through Indian Potash Ltd... until 31.03.2027," the Directorate General of Foreign Trade (DGFT) has said in a notification dated March 27.
This move is important as the West Asia crisis has disrupted global fertiliser trade.