Oman India Fertilizer Company (OMIFCO):
KRIBHCO has made investment of US$ 69.5 MM (Equivalent to INR 328.53 Crores) representing 25% of paid up equity capital of Oman India Fertilizer Company (OMIFCO). OMIFCO has a world scale fertilizer plant of 16.52 lakh MTPA of granular Urea and 11.9 lakh MPTA Ammonia at Sur Industrial estate in the Sultanate of Oman.
Sultanate of Oman has committed to supply the gas feedstock for the entire life of OMIFCO under a Gas Supply Agreement. Government of India has committed to purchase all the urea produced by OMIFCO under a long term Urea Offtake Agreement (UOTA) for 15 years. Highly skilled workforce from KRIBHCO contributes in a big way in operation and maintenance of the fertilizer plant under a “Personnel Supply Agreement”.
For the Calendar Year 2016, OMIFCO produced 20.75 lakh MT urea, which is 125.6% of the annual rated capacity of 16.52 lakh MT. With this, OMIFCO has produced more than 223.88 lakh MT Urea since inception. OMIFCO has achieved cumulative sales of US$ 3931 million till 31 December 2016 from its inception.
KRIBHCO is handling & marketing 50% of the urea produced by OMIFCO.
For further details please visit OMIFCO site www.omifco.com