News On Projects
Products & Services
Projects Database
Tenders Database
E - Newsletter
EPXonline.com
Project Financing
Contracts & Awards
Energy
Electricity
Mining
Oil & Gas
Infrastructure
Airport
Port
Railway
Road
Freezone
Construction
Manufacturing
Cement
Engineering
Automobile
Plastic
Metal
Textile
Paper & Packaging
Leather
Sugar
Edible Oil
Electrical & Electro
Processing
Chemical
Drugs & Pharma
Fertiliser
I-C-T
Communication
IT
Telecom
Water
Pump Station
Water Treatment
Water Supply
Hospitality
Hotel
Restaurant
Resort
Entertainment
Sports
Multiplex
Theme Park
Food & Beverages
Hospital
Service
Social
Science
Irrigation
Government
Policy
Economic Indicators
Company News
Commerce
Miscellaneous
News Uploaded On : Saturday, October 22, 2016 10:21:00 AM IND Back  |  Latest Projects  |  Latest Tenders
 
 E-mail this to a friend        Printable version       Story Viewed 1212 Times
Morocco's OCP, Kribhco tie up forfertiliser plant in Krishnapatnam.
OCP and Kribhco have entered into a 50:50 joint venture to develop a greenfield NPK fertiliser plant at Krishnapatnam in Andhra Pradesh.

This fertiliser plant will require an initial investment of approximately $230 million and have an annual production capacity of 1.2 mt of NPK fertilisers.

Furthermore, the project also includes the development of logistical infrastructure in the region.

The venture would provide indigenous NPK fertilisers to Indian farmers by leveraging Kribhco’s deep knowledge of the market and farmers’ requirement, as well as OCP’s expertise.

Moroccan company OCP’s Chairman and CEO, Mostafa Terrab, in a statement said: “We believe large-scale local investments designed to respond to farmers’ specific needs is the key ingredient to the successful agricultural ecosystem development. As one of the major cooperatives in India, Kribhco is an excellent partner to develop a farmer-oriented agricultural input joint venture.”

“This partnership is designed to be a win-win project for all the stakeholders involved, but foremost for India’s agriculture and particularly for Indian farmers,” he said.

Kribhco Chairman Chandra Pal Singh said: “Proposed JV is a unique example of global cooperation between two leading organisations joining hands to make available phosphate-based fertiliser products to Indian farmers by channelising their respective strengths. Farmers would benefit from the continued supply of various NPK grade products, based on the best quality phosphate in the world”.

Kribhco MD N. Sambasiva Rao said the NPK grade of fertilisers were important for balanced fertilisation of soil and nutrition to the crop according to its requirement.

“The proposed project will unlock the hidden value of the soil and crop of farmers and will add to their all-round prosperity,” he said.

The venture is expected to be the first step in a broader strategic cooperation between both the groups that could include Kribhco’s investment in a phosphoric acid unit in Morocco.

HBL

Post your comments:

Your name: *
E-Mail Id:
E-mail ID will not be published
Comment: *
Maximum 500 Characters
    
Related Stories
Hindustan Urvarak to award first fertiliser project by Dec.
PSUs to invest Rs. 30,000 cr to revive 4 fertiliser plants.
Greenstar Fert kicks off ₹135-crore expansion.
IFFCO awards Rs. 300-crore contract to Essar Projects for fertiliser unit.
NTPC, Coal India to revive Fertiliser Corporation plants
GNFC & Belgium's EcoPhos to set up Rs 526 cr di-calcium phosphate plant.
HIL forays into fertiliser business, inks pact with RCF, NFL
RCF likely to get PIB clearance for Rs. 5,500 cr urea plant.
World Class Urea Plant Near Bidadi Soon: Ananth Kumar.
Ramagundam Urea plant gets green nod from MoEF Committee.
RELATED PROJECTS & TENDERS
ADVERTISEMENT
MOST POPULAR STORIES NOW
For all enquiries please contact
Tel: 022 - 25961254, 25960909
Mobile: 9821464666/09751178830
Mail: marketing@newsonprojects.com

OUR OTHER PRODUCTS & SERVICES:    Projects Database   |   Project e-Newsletter   |   Tenders Database   |   Commissioned Power Plants   |   Company Index
About Us   |   Contact Us   |   Terms of Use   |   Advertise with Us   |   Privacy Policy   |   Disclaimer   |   Feedback