ONGC and Tata Chemicals in JV with the Tripura Government willl set up a fertiliser manufacturing unit in north Tripura district of state.
ONGC and Tata Chemicals will jointly set up the Rs 5,000 crore manufacturing facility, and Tripura government will acquire 10 per cent equity in the company. ONGC has initially selected Khobal in north Tripura district for setting up the project considering proximity to Khobal gas field from where natural gas (hydrocarbon) will be supplied. With the commissioning of the project, the demand for fertilizer will be met not only for Tripura but also for the entire north-east region; West Bengal, Odisha and a large chunk of the fertilizer can be exported to neighbouring Bangladesh.