India and Russia Forge Alliance for Greenfield Urea Plant

India's RCF, IPL, and NFL sign an MoU with Russia's Uralchem to establish a greenfield urea plant in Russia with a USD 1.2 billion investment. The plant will have a 2 million tonnes annual capacity by 2028. India secures long-term urea supply, leveraging Russia's natural resources.

India's major fertiliser firms, RCF, IPL, and NFL, have signed a memorandum of understanding with Russia's Uralchem to construct a greenfield urea plant. The venture, valued at USD 1.2 billion, aims to produce 2 million tonnes of urea annually, boosting India's fertiliser security.

The External Affairs Ministry highlighted the agreement as a significant step toward ensuring a steady supply of fertilisers to India. The initiative involves shared ownership among the Indian entities, leveraging Russia's natural gas and ammonia resources for production.

Scheduled for operation by mid-2028, this project reaffirms India's strategy to mitigate urea import reliance, following a similar pact with Oman. Currently, India imports significant quantities of urea, including from Russia.

(With inputs from agencies.)