New Delhi: GAIL (India) Limited (GAIL) on Wednesday announced its partnership with Rashtriya Chemicals and Fertilizers Limited (RCF) to jointly establish a gas-based fertilizer project in the state of Maharashtra through a Special Purpose Vehicle (SPV).
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According to GAIL, the proposed urea production facility, with a planned capacity of 1.27 Million Metric Tonnes Per Annum (MMTPA), is envisaged to be established in the Vidarbha region of Maharashtra along it's Mumbai–Nagpur–Jharsuguda Natural Gas Pipeline (MNJPL).
To facilitate the implementation of the project, GAIL has entered a strategic partnership with RCF, with both organisations working collaboratively to take the project from conceptualization to successful implementation.
The MoU has been signed by GAIL's Executive Director (BD & Start-up) Sanjay Agarwal and RCF's Executive Director (Project, Corporate & Co-ordination) Jyoti Patil in the august presence of GAIL CMD Deepak Gupta and RCF CMD S. Shivakumar.
Senior management from both the companies incuding GAIL's Director (BD) R.K. Singhal, RCF's Director (Finance) Nazhat J. Shaikh and Director (Technical) Ritu Goswami were present during the MoU signing ceremony.
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Speaking on the occasion GAIL CMD said, “The proposed fertilizer project aligns with GAIL’s strategy of creating long-term value through natural gas utilization and contributing to India’s energy security objectives. We are pleased to partner with RCF, a leading fertilizer company with proven expertise in the sector. This collaboration combines GAIL’s strengths in the natural gas value chain with RCF’s rich experience in fertilizer manufacturing and project execution. Further, this partnership between GAIL & RCF is aligned with Government of India’s recently approved National Investment Policy for Urea-2026 (NIPU-2026) towards Atmanirbhar Bharat”
While RCF CMD said, “RCF is delighted to collaborate with GAIL for the development of this important gas-based fertilizer project in Maharashtra. The proposed project is expected to contribute significantly towards meeting the growing fertilizer demand in the country, reducing import dependence and promoting industrial development in the Vidarbha region of Maharashtra. Leveraging RCF's extensive experience in fertilizer plant operations, project development and marketing, together with GAIL's robust gas infrastructure and energy expertise, this partnership has the potential to create a world-class fertilizer facility.”
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