New Delhi: State-owned National Fertilizers Limited (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.
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)