Krishana Phoschem inks 10-yr Green Ammonia deal with SECI, eyes ₹3700 Cr forex savings
Krishana Phoschem signed a 10-year Green Ammonia Purchase Agreement with SECI for 70,000 MT/annum. Expected to save ₹3700 crore in foreign exchange over the tenure. Supply to commence three years post-agreement execution.
The agreement is long-term (10 years), involves a significant volume of Green Ammonia, and is projected to yield substantial foreign exchange savings, directly impacting the company's operational costs and strategic positioning in the fertilizer industry.
The agreement secures raw material, promotes sustainability, and is projected to result in significant foreign exchange savings, indicating a positive development for the company and the country's green initiatives.
Krishana Phoschem Limited has signed a Green Ammonia Purchase Agreement (GAPA) with Solar Energy Corporation of India Limited (SECI). This domestic agreement, effective for a period of 10 years, will ensure the company's sustainable raw material security by purchasing 70,000 MT per annum of Green Ammonia.
Green Ammonia is a climate-friendly alternative to traditional "grey" ammonia and will be utilized in the production of low-carbon or zero-carbon nitrogenous fertilizers. The agreement involves no upfront payment. The supply is expected to commence three years following the execution of the agreement. The company anticipates meaningful benefits and a smooth transition from grey to green ammonia.
The rationale behind this agreement, executed under the Government of India’s National Green Hydrogen Mission, is to support the fertilizer industry's shift towards low-carbon feedstock and reduce reliance on imported ammonia. Such long-term arrangements provide demand visibility, fostering the development of domestic green ammonia capacity and supply infrastructure. The company estimates that this agreement will save approximately ₹3700 crore in foreign exchange over the 10-year tenure by substituting imported grey ammonia for non-urea based fertilizer units, aligning with India's goal to become a competitive global green ammonia producer.
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Krishana Phoschem Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Krishana Phoschem Limited. Read the original for the full detail.