Skip to main content

India's Competition Commission approves sale of Goa fertilizer plant

Published by , Editor
World Fertilizer,


The Competition Commission of India has approved the acquisition of the Zuarinagar plant of Zuari Agro Chemicals Ltd. (ZACL) by Paradeep Phosphates Ltd. (PPL). 

The board of ZACL approved the sale of the plant, located in Goa, earlier this year.

As a result of the acquisition, PPL shall acquire the business of developing and manufacturing urea and non-urea fertilizer products presently being carried out by ZACL at Zuarinagar.

PPL, part of the Adventz Group, is engaged mainly in the manufacture and sale of non-urea fertilizers, namely, diammonium phosphate and NPK fertilizers. It also imports and sells muriate of potash.

ZACL, a public listed company, is also a part of the Adventz Group. It is primarily engaged in the development and manufacturing of fertilizers in India.

Read the article online at: https://www.worldfertilizer.com/phosphates/30062021/indias-competition-commission-approves-sale-of-goa-fertilizer-plant/

You might also like

Incitec Pivot Limited shares 1H24 results

The company delivered underlying EBIT growth of 18% compared to the pcp after adjusting for re-basing items which relate primarily to the closure of manufacturing at Gibson Island and the sale of Waggaman.

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

India fertilizer news Urea news