NFL Signs MoA With RFCL
National Fertilizers Limited (NFL) announces that Ramagundam Fertilizers & Chemicals Limited (RFCL) is a Joint venture company promoted by NFL, ElL and FCIL to revive old FCIL plant at Ramagundam in Telangana. The plant is likely to start commercial production by the year 2019.
NFL has signed Memorandum of Agreement (MoA) with RFCL to market RFCL Products including 12.71 LMT urea to be produced by RFCL Plant at Ramagundam. NFL would market RFCL Urea under its brand "Kisan".
NFL has already strengthened its marketing network in Southern India by opening its fourth Zonal Office at Hyderabad. The marketing arrangements entered into would be beneficial to both NFL and RFCL. With the expansion of marketing territory, NFL would become pan India Company and it would also improve its top and bottom line.