Oil India Limited (OIL) has entered into a joint venture with the government of Assam to establish a fertilizer plant in the state, marking a significant step towards bolstering India’s fertilizer production capacity.
Assam Valley Fertilizer and Chemical Limited Incorporated
The joint venture, named Assam Valley Fertilizer and Chemical Limited (AVFCCL), brings together multiple stakeholders, including:
*National Fertilizers Limited (NFL)
*Hindustan Urvarak & Rasayan Limited (HURL)
*Brahmaputra Valley Fertilizer Corporation Limited (BVFCL)
The consortium has been formed to develop the Namrup IV Fertilizer Plant, an advanced Ammonia-Urea Complex to be set up at Namrup, Assam.
Meeting Agricultural Demand and Promoting Self-Reliance
The project aims to enhance fertilizer production capacity to meet the growing agricultural demands of the region. By expanding local manufacturing, the initiative supports the government’s push for self-reliance in fertilizer production, reducing import dependency and strengthening supply security.
Driving Economic Growth Through Industrial Infrastructure
The collaboration represents a major boost to industrial infrastructure in Assam, with expected benefits for the regional economy, job creation, and the agricultural sector. It also reflects the growing role of public sector partnerships in expanding India’s fertilizer industry.
Oil India’s Stake in the Project
OIL confirmed that it holds an 18% equity stake in AVFCCL. The company reaffirmed its commitment to supporting sustainable agricultural development. It also aims to contribute to the state’s economic growth through this strategic investment.
