India to Set Up 2-MT Urea Plant in Russia Under JV, Seeks Minimum 50% Assured Supply.

Russia’s Uralchem JSC has signed an agreement with India’s Indian Potash (IPL), Rashtriya Chemicals and Fertilisers (RCF), and National Fertilisers (NFL) to establish a 2-million-tonne-per-annum urea plant in Russia, with an estimated investment of $1.2 billion (₹10,790 crore). The plant is expected to begin operations in 2027–28.

The agreement was exchanged in New Delhi between Indian Ambassador to Moscow Vinay Kumar and Russian Ambassador to India Denis Alipov, in the presence of Prime Minister Narendra Modi and President Vladimir Putin.

Highlighting the strategic importance of the partnership, Modi said, “Our close cooperation in the fields of agriculture and fertilisers is vital for food security and farmer welfare. I am pleased that, taking this cooperation forward, both sides are now working together on raising urea production.”