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Cabinet approves MoU on Urea manufacturing Plant in Malaysia

Delhi 

approves MoU on Urea manufacturing Plant in .

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The Union chaired by the Prime Minister Shri Narendra Modi has given its ex-post facto approval to the signing of Memorandum of Understanding with on development of a Urea and Ammonia manufacturing plant in with off take to India and/or off take of existing surplus Urea from Malaysia to India. .

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The project is expected to cost US$ 2.1 billion with capacity to produce 2.4 million tonnes of Urea and 1.35 million tonnes of Ammonia per annum and dedicated supplying to Indian market. .

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The signing of MoU will ensure consistent supply of Urea and Ammonia to cater the need of the country at a lower price, if agreed to by both the participants. .

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 03 2017. 00:20 IST