India's fertiliser units to form JV with UralChem

TO ENSURE Along-term supply of fertilisers and curb price volatility, Indian and Russian companies on Friday signed a memorandum of understanding (MoU) to form a joint venture (JV) for establishing a large urea manufacturing facility in Russia.

- SANDIP DAS

Rashtriya Chemicals and Fertilisers, National Fertilisers, and Indian Potash signed the MoU with UralChem, Russia’s largest producer of potash and ammonium nitrate, to set up a urea plant that is expected to ensure a steady supply of soil nutrients to India and reduce import costs.

The planned urea plant is expected to have an annual production capacity of 1.8 to 2 million tonne (MT). Technical parameters and financial viability of the JV are currently under discussion.