Three Indian firms clinch deal with Saudi’s Ma aden for long-term DAP fertilizer supply

NEW DELHI, July 14: Three prominent Indian Fertilizer Companies, Indian Potash Limited (IPL), Krishak Bharti Cooperative Limited or KRIBHCO, and Chambal Fertilizers and Chemicals Ltd (CIL), signed a long-term agreement with Saudi-based Ma’aden to increase the annual supply of Diammonium Phosphate or DAP.
The formalization of the agreement took place during the visit of Union Minister for Health and Family Welfare, or Chemicals and Fertilizers, JP Nadda, to Saudi Arabia.
The Minister was accompanied by a high-level Indian delegation including the senior officials of the Department of Fertilizers and the External Affairs Ministry.
During his two-day visit, Nadda also held talks with his Saudi counterpart, Bandar bin Ibrahim Al Khorayef. Both sides showed their commitment to bolstering the trade and production of fertilizers. They also had discussions on exploring the future of Indian public sector undertakings, expanding their businesses in Saudi Fertilizer Ventures.
To explore the future coordination of both countries in digital health services and advanced medical technologies, JP Nadda also met the Saudi Vice Minister for Health, Abdulaziz Al-Rumaih.
Ma’aden is a state-owned mining company headquartered in Riyadh. The main motive of the organization is to develop the United Arab Emirates or UAE’s gold mining operations.
Nadda also visited the phosphate production facility of Ma’aden at Ras Al Khair.
(UNI)

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