Alufluoride gets nod to set up green field Aluminium Fluoride plant at Jordan

27 Dec 2019 Evaluate

Alufluoride has received approval for the execution of Definitive / Project agreements to be entered by the company with Jordan Phosphate Mining Company (JPMC), Jordan and Jordan India Fertilizer Company (JIFCO) for commissioning a green field Aluminum Fluoride plant at Eshidiya, Jordan. The board of directors at their meeting held on December 26, 2019, considered and approved the same.

The board has also approved the opening of a new company in Dubai by Alufluoride to invest in a new company in Jordan as a joint venture partner with JPMC for the new project at Jordan. Moreover, the board has decided to stop Visakhapatnam Aluminium Fluoride existing plant during February 16, 2020 to March 15, 2020 for synchronizing the existing plant to the expanded plant.

Alufluoride is engaged in producing Aluminium Fluoride. The company makes continuous efforts to conserve energy at various levels of operations, to save power, fuel oil and cost.

Alufluoride Share Price

465.00 -7.20 (-1.52%)
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