Intimation under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the Listing Regulations ) Investment in Unlisted Company.
NFL · price
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Awaiting price reaction for this filing.
National Fertilizers Limited (NFL) has received board approval to enter into a Joint Venture Agreement with other nominated companies to form a new JV company for setting up the Namrup-IV Ammonia-Urea Fertilizer Plant at Namrup, Assam. NFL will hold an 18% equity stake in the JV, with an estimated investment of ₹572.45 crore (cash consideration). The project, backed by a Union Cabinet decision dated 19.03.2025, has a tentative timeline of 48 months for mechanical completion and commissioning. The JV falls under the Fertilizer Industry and is supported by the Ministry of Chemicals and Fertilizers, Government of India.
This is a positive development for NFL as it expands its core fertilizer manufacturing capacity through a government-backed JV, though the 18% stake means NFL will not have controlling interest. Shareholders should monitor the final investment amount, JV partners, and project execution progress over the next 4 years.