Agreement signed to revive Ramagundam Fertilizer Plant; Rs 40,000 crore to be invested in the country for revival of old fertilizer plants and setting up new units.

National fertilizers Limited NFL), Engineers India Limited (EIL) and Fertilizer Corporation of India (FCIL) have signed an agreement to form a joint venture company (JVC) for setting up new Ammonia and Urea plants at the existing site of Ramagundam Fertilizer plant in District Karimnagar in Telengana. The joint Venture agreement for the new company named Ramagundam Fertilizers and Chemicals Limited was signed today at NOIDA in the presence of Shri Ananth Kumar, Minister of Chemicals and Fertilizers, and Shri Dharmendra Pradhan, Minister of State (I/C) for Petroleum and Natural Gas.