Reliance set to ink pact with fertiliser cos for KG block gas

Reliance Industries Ltd (RIL) is set to sign gas sale and purchase agreement (GSPA) with the identified urea plants sometime next week, according to media reports.

It is expected that the production of gas from the D6 block in Krisha Godagari Basin would begin in next two weeks. The D6 gas producers - RIL and its partner NIKO are expected to sign ink a GSPA with twelve fertiliser companies next week, media reports quote.

The prospective buyers include Rashtriya Chemicals and Fertilisers (RCF), Nagarjuna Chemicals and Fertilisers, IFFCO, KRIBHCO, Chambal Fertilisers, Tata Chemicals, Indo-Gulf Fertilisers, and companies fed by GAIL (India) Ltd’s Hazira-Vijaipur-Jagdishpur pipeline.