New Delhi: Yara International on Friday announced the completion of its acquisition of the Tata Chemicals’ urea business for Rs 2,682 crore. The deal includes transfer of all assets and liabilities relating to the Babrala plant in Uttar Pradesh. It is the first FDI in the urea sector. With this buyout, Yara gains a significant position in the North India, with access to a strong network of 650-700 dealers. It will enable the company to provide enhanced crop nutrition solutions to farmers in North which has 31 million hectares of grain and 4 million hectares of horticulture crops. Yara’s turnover which is currently around $40 million in India will increase to $350 million. TNS
Most Read In 24 Hours
Don't Miss
View All
Top News
Nestle adds sugar to baby food sold in India but not in Europe: Study
Such products are sugar-free in the United Kingdom, Germany,...
Telangana school attacked after students questioned 'saffron dress'
School officials booked by police over 'saffron dress' row
US reacts to Elon Musk's 'backing permanent seat for India’ remark
Elon Musk had called India not having a permanent seat in th...
Punjab-origin man awaiting deportation because of his illegal entry to US dies in hospital
On June 29, 2023, Jaspal Singh was arrested by US Customs an...
Indonesian volcano eruption forces evacuations, airport closure
Officials also flag the risk of a tsunami if parts of the mo...
