Tuesday, June 21, 2016

Indian state firms in $3 bln venture to revive mothballed fertilizer plants

NEW DELHI, June 21 (Reuters) - India's cash-rich state coal,

power and oil firms will jointly invest nearly $3 billion to

revive three mothballed fertilizer plants, a government official

said on Tuesday, as the country aims to increase local

production of crop nutrients and cut imports.

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