GAIL (India) Limited, India’s flagship natural gas company, today signed a Memorandum of Understanding (MoU) with Krishak Bharati Cooperative Limited (KRIBHCO) to explore the opportunity of setting up a gas-based fertilizer project in the State of Andhra Pradesh. The MoU was formally signed by Sanjay Agarwal, ED (BD, Start-up & R&D), GAIL and CS Azad, Executive Director (Technical), KRIBHCO, in the presence of V Sudhakar Chowdary, Chairman, KRIBHCO, SS Yadav, Managing Director, KRIBHCO and RK Singhal, Director (Business Development), GAIL.
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 GAIL’s Srikakulam Angul Natural Gas Pipeline (SAPL). 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 KRIBHCO’s experience combined with GAIL’s leadership position in natural gas sector would bring value to the proposed project for successful implementation.”
RK Singhal, Director (BD), GAIL stated that, “It represents a strategic integration of India’s gas and fertiliser value chains and demonstrates GAIL’s commitment to supporting sustainable industrial and agricultural growth.”