New Delhi: GAIL (India) Limited and Krishak Bharati Cooperative Limited (KRIBHCO) have signed a Memorandum of Understanding (MoU) to explore the possibility of setting up a gas-based fertiliser project in Andhra Pradesh, with a proposed urea production capacity of 1.27 million metric tonnes per annum (MMTPA).
The proposed fertiliser facility is envisaged to be established at Mulapeta in Srikakulam district of Andhra Pradesh, along GAIL's Srikakulam-Angul Natural Gas Pipeline (SAPL). The two organisations have agreed to explore the implementation of the project through a joint venture (JV) mode.
The MoU has been signed by Sanjay Agarwal, Executive Director (Business Development, Start-up & R&D), GAIL, and C.S. Azad, Executive Director (Technical), KRIBHCO, in the presence of V. Sudhakar Chowdary, Chairman, KRIBHCO; S.S. Yadav, Managing Director, KRIBHCO; and R.K. Singhal, Director (Business Development), GAIL.
Commenting on the development, KRIBHCO Chairman V. Sudhakar Chowdary said the MoU marks the beginning of a strategic partnership between the two organisations. He expressed confidence that KRIBHCO's experience, combined with GAIL's leadership position in the natural gas sector, would add value to the proposed project and support its successful implementation.
GAIL Director (Business Development) R.K. Singhal said the proposed project represents a strategic integration of India's gas and fertiliser value chains. He added that the initiative demonstrates GAIL's commitment to supporting sustainable industrial and agricultural growth.
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