Russia and India sign deal to build urea plant in Russia
05/12/2025 10:55
Dec 5 (Reuters) - Russia's top potash and ammonium nitrate producer Uralchem and three Indian firms - Rashtriya Chemicals and Fertilizers, National Fertilizers, and Indian Potash - signed a memorandum of understanding to set up a joint venture to build a urea plant in Russia, the Indian government and Uralchem said on Friday. The plant is expected to have an annual capacity of 1.8–2 million tonnes, Uralchem said in a statement. The joint venture will be based on the supply of ammonia from Russia's Togliattiazot plant, with the Indian companies financing the project until the plant begins commercial operations, Uralchem added. (Reporting by Anastasiya Lyrchikova; Writing by Gleb Stolyarov; Editing by) ((moscow.newsroom@thomsonreuters.com;))
Recent news on Rashtriya Chemicals and Fertilizers
See all newsBrief: Rashtriya Chemicals And Fertilizers Approves Purchase Order To Larsen And Toubro For 7.97 Billion Rupees
Brief: Rashtriya Chemicals And Fertilizers To Consider Issuance Of Non-Convertible Debentures
Brief: Rashtriya Chemicals And Fertilizers Enters MoU With GAIL India
Brief: Rashtriya Chemicals And Fertilizers To Consider Raising Funds Via Further Public Offer
India's Rashtriya Chemicals jumps after quarterly profit more than doubles