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Nitrogen+Syngas 400 Mar-Apr 2026

17 March 2026

Madras seeking approval for greenfield urea plant

INDIA

Madras seeking approval for greenfield urea plant

Madras Fertilizers Limited (MFL) has submitted a proposal for a new $1.1 billion greenfield ammonia-urea manufacturing project in Chennai, aimed at strengthening domestic fertiliser production and reducing import dependence. The company says that the project is aligned with the government’s broader push for self-reliance in critical agri-inputs and improved food security. The proposed plant will have a capacity of 1.3 million t/a of urea and is currently at the feasibility study stage, but MFL says that its existing 1970s vintage plant is already running at 120% of nameplate capacity, and that a new larger scale facility would see significant improvements in output and operating efficiency.

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Price Trends

Ammonia values have continued to ease across most regions at the end of June, as the first ammonia vessels begin to exit the Gulf since the Iranian conflict began. Iranian ammonia had also begun to flow to India following the US Treasury’s issuance of a 60-day sanctions waiver on 22 June, allowing dollar-denominated trade in Iranian petrochemical products through 21 August. As a result, Indian bids have been heard as low as $750/t c.fr, as buyers benefit from a widening pool of available supply - Iranian, Chinese and renewed Southeast Asian material are all competing for the same business.