In a bid to set up an integrated phosphate plant at Ras al-Khaimah, Zuari Agro Chemicals is planning to ink pact with the UAE Government. The UAE Government will provide land, infrastructure as well as tax concessions for the port-based facility. The Rs 5,300-crore company had entered into a preliminary agreement for the one-million-tonne facility in November 2012.
Once the agreement is signed, Zuari will do a detailed feasibility study to finalise the project plan and estimated cost. While funds can only be tied up once the feasibility report is ready.
Zuari Agro Chemicals (erstwhile Zuari Holdings) constitutes the fertiliser operations of the Adventz Group following the demerger of Zuari Industries. It is a part of the K K Birla Group.
