MoneyWorks4Me

Nagarjuna Fertilizers and Chemicals temporarily shuts down ammonia urea plant

03 Jul 2020 Evaluate

Nagarjuna Fertilizers and Chemicals has temporarily shut down operating ammonia urea plant on July 01, 2020, due to the non-execution of amendment to the escrow agreement of the company. Further, the Company is working with the lenders and gas supplier for the extension of the escrow agreement and expects to resume the operations very soon.

Nagarjuna Fertilizers and Chemicals has significant presence in Agri Business and has diversified into sectors like, Refinery, Power, Micro Irrigation Systems and Plant Nutrition.

Peers