National Fertilizers Ltd. to Acquire 18% Stake in Proposed Joint Venture Company for Namrup IV Fertilizer Plant

National Fertilizers Limited has shown its willingness to invest in a Proposed Joint Venture Company with 18% equity for Setting up of a new Ammonia-Urea Complex Namrup IV Fertilizer Plant at Namrup, Assam. The decision was made at the Board of Directors meeting held on Wednesday, February 19, 2025. The Joint Venture is to be incorporated and the tentative overall time schedule for mechanical completion and commissioning of Namrup — IV Project is 48 months from zero date. The cost of acquisition and/or the price at which the shares are acquired is not available at this stage.