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Oman to Invest $3 Billion in Indian Fertilizer Units

2:48 AM MDT | September 8, 2010 | Deepti Ramesh

The Ministry of Commerce and Industry (New Delhi) says that Oman has agreed in-principle to invest in India to revive some closed plants of Fertilizer Corporation of India (FCI; Noida, India) and Hindustan Fertilizer Corporation Ltd. (HFCL; New Delhi) and for the expansion of Rashtriya Chemicals & Fertilizers (RCF; Mumbai) through investments by Oman Oil Company (OOC; Muscat), which is owned by the government of Oman. It is estimated that the total investment will be about $3 billion. The agreement was reached during the sixth Indo-Oman Joint Commission...

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