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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National Fertilizers Limited (NFL) has announced that its Board has approved entering into a Joint Venture Agreement with other nominated companies to form a new JV company for setting up an Ammonia-Urea Complex (Namrup-IV Fertilizer Plant) at Namrup, Assam. This follows a Union Cabinet decision dated 19.03.2025. NFL will hold 18% equity in the JV, with the estimated project cost being approximately ₹7,572.45 crore. The project is expected to be mechanically completed and commissioned within 48 months from the zero date. NFL's contribution will be in cash. The regulatory approval is from the Ministry of Chemicals and Fertilizers, Government of India.
This is a strategic expansion for NFL into a large-scale fertilizer manufacturing project backed by the Government of India. While the 18% stake means NFL is a minority partner, participation in a ₹7,572+ crore project with long-term ammonia-urea production capacity could support future revenue growth, though the actual financial impact will depend on NFL's investment amount and the JV's performance.