Murugappa Group looks to purchase Nagarjuna Fertilizers
Published by Angharad Lock,
Digital Assistant Editor
World Fertilizer,
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/
You might also like
CF Industries announces emissions reduction project at Yazoo City
CF Industries has announced that it is moving forward with a carbon capture and sequestration (CCS) project at its Yazoo City, Mississippi, Complex that is expected to reduce carbon dioxide (CO2) emitted to the atmosphere from the facility by up to 500 000 tpy.