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Gujarat State Fertilizers & Chemicals executes non binding agreement with Govt. of Congo

Capital Market 

To establish Ammonia - Urea Complex at Republic of Congo

State Fertilizers & Chemicals has executed an in principle agreement (in the form of Non-binding term sheet) with Govt of Republic of Congo (ROC) in New Delhi on 17 April 2017 to evaluate the possibility of establishing a Ammonia - Urea Complex at ROC to enhance the agriculture growth in ROC. It is expected that this project will act as a catalyst for ROC by reducing dependency on imported food for feeding the public of ROC. This project will also enhance the bilateral relationship between the two countries.

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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, April 19 2017. 19:51 IST