Last Updated :
24 January 2012 at 18:15 IST
India's ONGC to setup urea plant to meet domestic demand
AGARTALA (Commodity Online): To meet the growing shortage of urea in the country, the State run Oil and Natural Gas Corporation (ONGC) (BSE: ONGC : 500312, NSE: ONGC)will set up a gas-based fertilizer plant in Tripura.
The company will invest around Rs 5000 cr on the project. The north eastern states of India have been facing an acute shortage of urea for the past many years.
The company has found huge deposits of natural gas in Agartala along the Assam-Agartala national highway (NH-44) and the Gas produced from the wells there would be used to the proposed plant.
On BSE, the company trade up 0.04% to Rs 275.20 on 24th January.
MCX COPPER MINI 29 June 2012
contract was trading at
Rs 403.85 , up Rs. 5.25 . What's your view on it?
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