Trilegal, Amicus, Khaitan advise DAF & Haldors' investment in Fertilizer Plant

September, 22, 2018:

Trilegal advised Investment Fund for Developing Countries, Danish Agribusiness Fund and Haldor Topsoe A/S (acting as a Consortium) in their investment in Ramagundam Fertilizers and Chemicals Limited (RFCL).

The plant was formerly owned by Fertilizer Corporation of India (FCIL). It was closed down in April 1999 due to technological and financial issues.

In January 2015, FCIL formed a joint venture (JV) with National Fertilizers (NFL) and Engineers India (EIL) in order to revive the plant. The JV is now known as Ramagundam Fertilizers and Chemicals.

The investment is in one of the largest 'Urea Manufacturing Plant' being set up in the country. The objective is to boost production of urea under the New Investment Policy 2012 of the Government of India.

Trilegal team was led by Corporate Partner Kunal Chandra, along with Partner and Head of Corporate Compliance Sampath Kumar, Senior Associate Aditi Jain, Consultant Shubhi Ameriya and Associates Nitya Sunil, Akshat Shrivastava and Akriti Gupta.

Amicus acted for Ramagundam Fertilizers and the team was led by Partner Madhav Rastogi and Senior Associate Joyeeta Banerjee.

Khaitan & Co acted on behalf of Engineers India (EIL) through Principal Associate Abhishek Sanyal and Senior Associate Devesh Pandey.

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