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ONGC and Chambal Fertilisers sign MOU for fertilizer project in eastern India

2:53 AM MDT | April 10, 2013 | Francinia Protti-Alvarez

Oil and Natural Gas Corp. (ONGC; Dehradun, India) and Chambal Fertilisers & Chemicals (New Delhi), a subsidiary of the K.K. Birla Group (Kolkata, India), have signed a memorandum of understanding (MOU) for the construction of a fertilizer production unit in the state of Tripura, India, according to Indian media reports. The planned 50-50 joint venture, which is to be located at Kumarghat, is expected to begin operating in 2016. The project's cost is estimated at 50 billion Indian rupees ($917.4 million) and the plant will have capacity to produce 1.3...

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