According to the Business Standard, coal, power and oil PSUs are to invest in four Indian fertilizer plants in order to revive them by 2020-21. It is expected that this revival will add approximately 7.5 million t of capacity.
"India's annual requirement of urea is 31-32 million t. In the fiscal year that ended on March 31 (2016-17), domestic production was 24.5 million t and the rest was imported," said Fertiliser Minister Ananth Kumar.
The country aims to be self sufficient in urea by 2021.
Read the article online at: https://www.worldfertilizer.com/nitrogen/02052017/psus-to-revive-fertilizer-plants/
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Some of China’s major fertilizer companies have said they will temporarily suspend exports to assure supplies in the domestic market, the country's state planner said on Friday, after prices in one of the world’s top grain producers hit record levels.
