NFL to invest Rs 12.5 bn in energy-saving projects, new plant in next 2 yrs

State-owned National Fertilizers (NFL) will invest Rs 12.50 billion over the next two years on energy saving projects in its five existing plants and set up a new factory in Madhya Pradesh to produce di-nitrogen tetroxide, its chairman and managing director Manoj Mishra said.

Besides that, he said NFL is reviving a closed urea plant at Ramagundam, Telangana, in a joint venture with EIL, FCIL and the state government with an estimated cost of over Rs 53 billion.

NFL is also exploring the possibility of setting up a di-ammonium phosphate (DAP) plant in Algeria through a joint venture and under buyback arrangements.

“We