According to the Economic Times, India, the Murugappa Group’s Coromandel International is looking to purchase Nagarjuna Fertilizers and Chemicals, a urea producer. The paper expects that if a deal were to happen, it would be within the region of RS 3000 crore to RS 3600 crore.
A source told the Economic Times that “the talks between Murugappa group and NFCL are currently at a preliminary stage.”
The Murugappa Group’s Coromandel International is India’s largest private phosphate fertilizer company. This arrangement would see Coromandel International becoming the country’s largest fertilizer and urea company.
Read the article online at: https://www.worldfertilizer.com/nitrogen/17032017/murugappa-group-looks-to-purchase-nagarjuna-fertilizers/
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