Russia’s top potash and ammonium
nitrate producer Uralchem and three Indian firms – Rashtriya
Chemicals and Fertilizers, National Fertilizers, and Indian
Potash – signed a memorandum of understanding to set up a joint
venture to build a urea plant in Russia, the Indian government
and Uralchem said on Friday.
The plant is expected to have an annual capacity of 1.8–2
million tonnes, Uralchem said in a statement.
The joint venture will be based on the supply of ammonia
from Russia’s Togliattiazot plant, with the Indian companies
financing the project until the plant begins commercial
operations, Uralchem added.
Published on December 5, 2025