Gujarat State Fertilizers and Chemicals
"Gujarat State Fertilizers and Chemicals (GSFC) announced on Tuesday that it was exploring the possibility of setting up an ammonia-urea plant in Iran.
Speaking to PTI, GSFC Managing Director A. M. Tiwari said, "We are keen to set up an ammonia-urea plant in Iran due to the availability of natural gas, which is a raw material for ammonia at cheaper rate there. This plant is expected to cost around $800 million."" (June 2017)
"Government plans to set up a urea plant in Iran to ensure long term availability of the fertilizer here, Chemicals and Fertilizers Minister Ananth Kumar said today. 'In order to ensure long term availability of urea in the country, the government is facilitating setting up of a urea/ ammonia joint venture project in Iran with capacity to produce 1.3 million tone urea for import to India,' he said in Rajya Sabha. A consortium of Indian companies -- Rashtriya Chemicals and Fertilizers, Gujarat State Fertilizers and Chemicals and Gujarat Narmada Valley Fertilizer and Chemicals -- have appointed SBI Caps for advisory and due diligence services to identify a prospective Iranian JV partner. 'The project is in a consultation stage to identify an Iranian JV partner,' Kumar said in a reply during Question Hour." (Press Trust of India, "India plans to set up urea plant in Iran: Government," 4/24/15)