India’s Grasim Industries today approved divestment of the company’s fertilizer business, Indo Gulf Fertilisers (IGF), to Indorama India Private Ltd (IIP) for a cash consideration of Rs 2,649 crore, according to the Indian press. Indo Gulf Fertilisers is engaged in manufacturing, trading, and sale of urea and other agri-inputs with a 1.2 million mt urea manufacturing plant at Jagdishpur in Uttar Pradesh.
Transparency Across the Fertilizer Value-Chain