Comments
Moving beyond its core chemical fertiliser area, cooperative fertiliser major IFFCO on Monday announced setting up of a joint venture with the Sikkim Government to enter the organic farming sector.
The fertiliser cooperative will hold 51 per cent equity in the new joint venture — Sikkim IFFCO Organics Limited — where it will make an initial investment of ₹200 crore, a company statement said. The investment will be increased to ₹500 crore subsequently.
IFFCO also announced acquisition of a 50 per cent share in New Delhi-based Aquagri Processing Private limited for a sum of ₹11 crore through its wholly-owned subsidiary IFFCO eBazar Limited.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.