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GAIL (India) Limited on Thursday signed a Memorandum of Understanding (MoU) with Krishak Bharati Cooperative Limited (KRIBHCO) to explore the possibility of setting up a gas-based fertiliser project in Andhra Pradesh, according to a statement by the company.
The MoU was signed by GAIL Executive Director (Business Development, Start-up & R&D) Sanjay Agarwal and KRIBHCO Executive Director (Technical) C.S. Azad, in the presence of KRIBHCO Chairman V. Sudhakar Chowdary, Managing Director S.S. Yadav and GAIL Director (Business Development) R.K. Singhal. "The urea production facility is envisaged to have a capacity of 1.27 Million Metric Tons Per Annum (MMTPA) in Mulapeta, Srikakulam district of Andhra Pradesh along GAILs Srikakulam Angul Natural Gas Pipeline (SAPL)," the company said. As per the release, GAIL and KRIBHCO have agreed to join hands for implementation of the project through joint venture mode. Speaking on the occasion, V Sudhakar Chowdary, Chairman, KRIBHCO said, The signing of this MoU marks the beginning of a strategic partnership between GAIL and KRIBHCO. I am confident that KRIBHCOs experience combined with GAILs leadership position in natural gas sector would bring value to the proposed project for successful implementation." On the other hand, RK Singhal, Director (BD), GAIL said, It represents a strategic integration of India's gas and fertiliser value chains and demonstrates GAILs commitment to supporting sustainable industrial and agricultural growth. In an earlier development, GAIL Mangalore Petrochemicals Limited (GMPL), a wholly owned subsidiary of GAIL (India) Limited, announced to successfully commission its 1.25 million tonnes per annum (MTPA) Purified Terephthalic Acid (PTA) manufacturing plant at the Mangalore Special Economic Zone (MSEZ) in Karnataka. Purified Terephthalic Acid (PTA) is a key raw material used in manufacturing polyester fibre, yarn, PET resin and other polyester-based products, widely used in the textile, apparel and packaging industries. With an installed capacity of 1.25 million tons per annum, GMPL's facility represents a significant addition to India's domestic PTA manufacturing capacity and is expected to strengthen domestic availability of this critical raw material, reduce import dependence and support the growth of India's downstream polyester industry, the company said in a release. (ANI)
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