Tata Chemicals (TCL) today said it has signed an agreement with Notore Chemicals Industries of Nigeria for providing technical advisory services.
"The company has executed a technical Advisory Services Agreement with Notore Chemicals Industries (Notore), Nigeria for providing technical advisory services for improving efficiency of Notore's fertiliser plant," the company said in a filing to the Bombay Stock Exchange (BSE).
Notore's fertiliser plant, based at Onne, River State, manufactures urea.
The company (Notore) owns a KBR ammonia plant and a Stamicarbon urea plant of 1000 Te/1550 capacity.
TCL will send its experts to help Notore improve the systems and processes resulting in the efficiencies of area of operations and maintenance, the filing said.
There is no investment involved at present and TCL's fees are linked to improvement in the output from the plant performance, it added.
Shares of TCL closed at Rs 362.05, up 2.13% from its previous close, on the BSE today.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app