National Fertilizers to Invest ₹5.7 Billion in Assam JV for New Urea Plant

National Fertilizers Ltd. said it will invest ₹5.7 billion in a joint venture company setting up a new fertiliser plant in Namrup, Assam.
The joint venture, named Assam Valley Fertilizer and Chemical Co. Ltd., will establish the Namrup-IV Ammonia-Urea Complex.

National Fertilizers will hold an 18% stake in the entity, the company said in a filing. The project’s mechanical completion and commissioning are expected within 48 months, according to the filing.