Latest News | NFL to Be Part of Joint Venture Firm for Setting Up of Urea Plant in Assam
Get latest articles and stories on Latest News at LatestLY. State-owned NFL will be part of a proposed joint venture company, which is being established to set up a urea plant in Assam.
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.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)