RCF to import urea from Turkmenistan

State-run Rashtriya Chemicals and Fertilisers (RCF) today said it has entered into an agreement with Turkmenistan state firm Turkmenhimiya for urea import for three years till 2018.
The company will also explore the opportunities on supplies of muriate of potash and other chemical products in the future.
According to sources, there will be a separate agreement between the two parties on quantity and rate at which urea will be supplied by the Turkmenistan-based firm.
The agreement was signed during Prime Minister Narendra Modi's visit to the CIS nation.
"..The Company has entered into Memorandum of Understanding (MOU) with the state concern 'Turkmenhimiya' on supplies of urea in 2015-18 produced by Turkmenhimiya and explore opportunities on supplies of muriate of potash and other chemical products in the future," RCF said in a BSE filing.

RCF is engaged in production and marketing of nitrogenous and complex fertilisers, besides industrial chemicals at its manufacturing units in Trombay and Thal in Maharashtra.
It has annual capacity of 2.5 million tonnes (MT) of urea and 7 lakh tonnes of complex fertilisers.
The annual demand of urea in India is about 30 million tonnes, while the domestic production is about 22 MT, the rest is met through imports.