NMDC-led consortium is planning to buy 30% stake in the Russian potash firm Acron, which may result in an investment of around Rs 1,000 crore. Rashtriya Chemicals and Fertilizers (RCF), National Fertilizers (NFL), Fertilizers and Chemicals Travancore (FACT) and Fertiliser Cooperative Kribhco are the four other entities which are part of this consortium.
Along with purchasing 30 percent stake, the consortium is also looking to enter into an off-take agreement for import of Potash from the Russian firm. At present, National Mines Development Corporation (NMDC) is conducting a feasibility study on this proposal.
NMDC is a state-controlled mineral producer of the Government of India. It is fully owned by the Government of India and is under administrative control of the Ministry of Steel.
| Company Name | CMP |
|---|---|
| Coal India | 438.70 |
| NMDC | 89.78 |
| GMDC | 733.40 |
| Sandur Manganese | 218.35 |
| MOIL | 327.60 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: