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Ferkensco Management has signed two bilateral cooperation agreements with Gazprombank to finance the construction of a plant to produce complex mineral fertilizers based on ammonia in Yangiyer, Syrdarya region of Uzbekistan, and a chemical complex to produce complex fertilizers in the Samarkand region of Uzbekistan.
The signing ceremonies were held at the Saint Petersburg International Economic Forum.
The ammonia and urea project is already underway with site surveys completed in late 2020. In March 2021, a cooperation agreement was signed with the Khokimiyat (senior local government official) of the Syrdarya region. Negotiations are currently underway with Casale for the technological part (a licence and further development) of the project.
Government invites bids to appoint merchant bankers for divestment in NFL, RCFL
April 13, 2021
The central government holds 74.71% of shares in NFL
The government has invited bids to appoint merchant bankers and selling brokers to divest part of its stake in two fertilizer companies – National Fertiliser Limited (NFL) and Rashtriye Chemical and Fertiliser Limited (RCFL).
According to the proposal floated by the Department of Investment and Public Asset Management (DIPAM), the government proposes to sell 20 per cent of its stake in NFL and 10 per cent in RCFL. The share price of NFL was up by 1.78 per cent during mid trading on BSE while a share of RCFL was trading with 3.27 per cent gain over the previous day closing.