Qatar Fertiliser Company (QAFCO) has signed an urea agreement with Coromandel International Limited, the largest phosphatic fertiliser manufacturer in the private sector in India.

The agreement was signed on 05th July at Hyderabad by Mr. Khalifa Abdulla Al- Sowaidi, CEO of QAFCO and Mr. Kapil Mehan, Managing Director of Coromandel, in the presence of Mr. A Vellayan, Chairman Muruggapa Group, Mr. Ali Ahmed Al- Sanadi, Ammonia Sales Manager (QAFCO) and Mr. Yousef Al Khaldi, Urea Sales Manager (QAFCO).

Speaking on the occasion, Mr. Al Sowaidi said that this agreement is a milestone since QAFCO has become the first company to have direct contract with Indian end user, Coromandel, who have been given permission of direct urea import. He expressed optimism that future policy of decanalisation will allow more private Indian companies to import directly.

Mr. Al Sowaidi outlined QAFCO’s strategy towards the Indian market, emphasizing that Indian market is one of the most important and strategic market for QAFCO’s Products. Currently, QAFCO supplies over 50 % of its Ammonia to Indian customers through long-term off-take agreements.

He added, “QAFCO aims to substantially increase its share of the Urea market in India”. This will be in line with QAFCO’s current and future expansion of Ammonia and Urea facilities.

This contract is a step forward in QAFCO’s marketing strategy as soon QAFCO will be the largest Producer of Ammonia and Urea upon completion of QAFCO-5 this year and QAFCO-6 by next year .