National Fertilizers (NFL) and Rashtriya Chemicals and Fertilisers (RCF) have signed the memorandum of understandings (MoU) with Indian Farmers Fertiliser Cooperative (IFFCO). Under these agreements, IFFCO will transfer the technology of liquid nano urea to NFL and RCF without any royalty.
To enhance the adaptability of nano urea by farmers, technology transfer from IFFCO to public sector fertiliser companies will be achieved through these MOUs. This technology transfer will ramp up the production leading towards consistent supply resulting in faster adoption and would also result in more savings to farmers and government subsidies. NFL and RCF will establish new nano urea production plants to increase the supply of products to the farmers. The signing of these MoUs shows the commitment of the government towards serving the interest of farmers of the country and making the country self-sufficient in fertilisers.
National Fertilizers is second largest producer of Nitrogenous Fertilizers in the India commanding 16.5% of market share. The company also manufactures spectrum of industrial products which include Methanol, Sodium Nitrate, Sodium Nitrite, Nitric Acid, Sulphur, Liquid Oxygen, Liquid CO2, Liquid Nitrogen etc.
Company Name | CMP |
---|---|
Coromandel Interntl. | 1200.00 |
National Fertilizers | 102.90 |
Chambal Fert & Chem | 406.00 |
RCF | 151.00 |
Paradeep Phosphates | 68.80 |
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