Krishana Phoschem Limited Signs Green Ammonia Purchase Agreement with SECI
Krishana Phoschem Limited announced on March 30, 2026, that it has entered into an agreement with Solar Energy Corporation of India Limited (SECI) for the purchase of Green Ammonia. The agreement supports the fertilizer industry's transition towards low-carbon feedstock and aligns with the Government of India’s National Green Hydrogen Mission.The agreement, classified as a domestic transaction, involves the purchase of 70,000 metric tons of Green Ammonia annually through SECI. The price parity will be that of grey ammonia, and the agreement will remain in force for a period of 10 years. Supply is expected to commence three years following the agreement's execution.
The company anticipates substantial benefits from this transition, including a smooth shift from grey ammonia and a foreign exchange saving of approximately Rupees 3700 crore over the 10-year tenure. This initiative is expected to contribute to India's goal of becoming a globally competitive green ammonia producer.
The agreement does not involve any upfront payment. No related party interests are involved in this transaction.
Key Details of the Agreement:
| Particulars | Details |
|---|---|
| Area of agreement | Purchase of Green Ammonia |
| Supply Volume | 70,000 MT / annum |
| Agreement Tenure | 10 years |
| Price Parity | Grey Ammonia |
| Expected Commencement of Supply | Three years following execution |
| Estimated Foreign Exchange Savings | Approximately Rupees 3700 crore over 10 years |
The agreement was attributed to Anil Sharma, Company Secretary of Krishana Phoschem Ltd., holding membership number A-25045.
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