New Delhi: State-owned National Fertilizers Limited (NFL) has announced it will acquire an 18 percent stake for ₹572.45 crore in a proposed joint venture (JV) to set up a new Ammonia-Urea Complex – Namrup-IV Fertilizer Plant – in Namrup, Assam.
In a regulatory filing on Friday, NFL confirmed its board has approved entering into a Joint Venture Agreement with other nominated companies for the project, which will be implemented within the existing premises of Brahmaputra Valley Fertilizer Corporation Ltd (BVFCL).
The Namrup-IV plant is a brownfield project with a planned annual production capacity of 12.7 lakh tonnes of urea. The total project cost is estimated at ₹10,601.40 crore, with a debt-equity ratio of 70:30.
Stake Distribution in the JV–
- Assam Government: 40%
- NFL: 18%
- Oil India Limited (OIL): 18%
- Hindustan Urvarak & Rasayan Ltd (HURL): 13%
- BVFCL: 11% (equity via tangible assets)
The Union Cabinet had approved the project last month, with a 48-month timeline for commissioning. The plant is expected to significantly enhance domestic urea production, especially for the Northeast region and adjacent states including Bihar, West Bengal, Eastern Uttar Pradesh, and Jharkhand.
About NFL
NFL is an Indian central public sector undertaking and the largest government-owned-Urea fertilizer-producer in India. It is a Navratna company, with the Government of India owning a majority stake. Incorporated in 1974, NFL comes under the administrative control of the Ministry of Chemicals and Fertilizers, and is the second largest producer of the key fertiliser urea in India. NFL has five gas-based ammonia-urea plants viz Nangal and Bathinda in Punjab, Panipat in Haryana and two at Vijaipur (Madhya Pradesh).
The move is seen as a critical step toward self-reliance in fertilizer production and reducing import dependency, while also fostering industrial growth in the North-Eastern region.