The present study aimed to assess the growth parameters, herbage yield and chemical composition of CO3 and CO4 (Pennisetum perpureum X Pennisetum americarnum) at the Livestock farm Eastern University, Sri Lanka from July to September 2018. Four different treatments; inorganic fertilizer 100%, Organic fertilizer 100%, Control and Inorganic+Organic fertilizer 1:1 (weight basis). Plant height, leaf length, number of tillers per clump, leaf area, yield and total ash content were measured at two-week intervals from the 4th week up to the 8th week and data were subjected to Analysis of Variance (ANOVA). The means were separated using Duncan’s multiple range test at 0.05 significance level. Results indicated that the productivity of CO3 is superior to CO4 in terms of growth and yield under (T4) CO3 with 1:1 mixture of inorganic and organic fertilizer. The highest (p<0.05) fresh matter yield of 18.07 t/ha, with a dry matter yield of 3.83 t/ha was recorded in the sole application of inorganic fertilizer. A similar yield was obtained in CO3 with the 1:1 inorganic and organic fertilizer mixture. CO3 showed the highest total ash content (18.44%) on dry matter basis. Hence, farmers can save half of the cost of inorganic fertilizer by using farmyard manure along with half of the recommended dose of inorganic fertilizer for fodder cultivation