NFL to Invest in Assam Urea Plant | New Joint Venture
NFL will be part of a joint venture to establish a new urea plant in Assam, with a capacity of 12.7 lakh tonnes. The plant is expected to boost fertilizer production in the region.
New Delhi, Feb 19 (PTI) State-owned NFL will be part of a proposed joint venture company, which is being established to set up a urea plant in Assam.
In a regulatory filing on Wednesday, NFL said its board has "shown willingness to the proposal of Department of Fertilizers for becoming part of the proposed joint Venture company with 18 per cent equity for setting up of a new ammonia-urea complex Namrup IV Fertilizer Plant at Namrup, Assam".
In the Budget this year, the government announced that a plant with annual capacity of 12.7 lakh tonnes will be set up at Namrup, Assam.
In a regulatory filing on Wednesday, NFL said its board has "shown willingness to the proposal of Department of Fertilizers for becoming part of the proposed joint Venture company with 18 per cent equity for setting up of a new ammonia-urea complex Namrup IV Fertilizer Plant at Namrup, Assam".
In the Budget this year, the government announced that a plant with annual capacity of 12.7 lakh tonnes will be set up at Namrup, Assam.
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