IFFCO MD Dr U S Awasthi has congratulated OMIFCO on the spectacular performance soon after attending a meeting of its Board of Directors on Monday. According to Awasthi, Omifco has achieved 128 per cent of capacity utilization- a remarkable achievement by production standards.
Dr. U S Awasthi “Attended board mtg congrats 2#omifco 4 achieving 128% cap utilization”.
OMIFCO is a joint venture company of Indian and Oman firms which has completed ten years of its existence of commercial production. Oman India Fertilizer Company is a venture among Indian companies IFFCO and KRIBHCO with Oman Oil Company SAOC.
Readers would recall that the issue of gas supply at Oman has been proving ticklish both for the government of India and the IFFCO in the past.
India’s agreement with Oman allows it to purchase all the urea produced by OMIFCO for 15 years at predetermined prices.