Nagarjuna Fertilizers and Chemicals Ltd (NFCL) was among the companies that signed an agreement with the Nigerian government for setting up petrochemical fertiliser plants in the country. As per the memorandum of understanding (MoU), NFCL will team up with US oil major Chevron Nigeria to construct five fertiliser blending factories in all the different geopolitical zones of the country.
Similarly, a Saudi Arabian firm, Xenel, will construct a world-scale petrochemical plant in the Koko Free Trade Zone (FTZ), Warri Delta State, with a capacity of about 1.3 million tonnes per annum. The country, which wants to end gas flaring, has projected the creation of 500,000 jobs through an investment of $25 billion on the process. Out of this, the fertiliser initiative will cost $2.5 billion. crackcrack
Company Name | CMP |
---|---|
Coromandel Interntl. | 1207.00 |
National Fertilizers | 95.40 |
Chambal Fert & Chem | 392.70 |
RCF | 139.40 |
Paradeep Phosphates | 64.95 |
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