India expects to halt urea imports by Tuesday, thanks to increased domestic production, according to India Ratings and Research. The country currently imports 6 million metric tonnes (mt) per year, but a new domestic capacity of about 6.35 million mt per year is expected to come online thanks to the New Investment Policy, which sets out to invest $8.7bn by opening mothballed fertiliser plants and constructing gas pipelines. The five plants expected to be revived under the plans include Talcher, Gorakhpur, Barauni, Ramagundam and Sindri, which each have a capacity of about 1.27 million mt per year.
India expects to halt urea imports by March 2021, thanks to increased domestic production, according to India Ratings and Research. The country currently imports 6 million metric tonnes (mt) per year, but a new domestic capacity of about 6.35 million mt per year is expected to come online thanks to the New Investment Policy, which sets out to invest $8.7bn by opening mothballed fertiliser plants and constructing gas pipelines. The five plants expected to be revived under the plans include Talcher, Gorakhpur, Barauni, Ramagundam and Sindri, which each have a capacity of about 1.27 million mt per year.