Coal India, BHEL form JV to set up ammonium nitrate plant
Wed, Feb 28, 2024 5:03 PM

Coal India, BHEL form JV to set up ammonium nitrate plant

A Flip by Avya Verma
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Coal India and Bharat Heavy Electricals Ltd (BHEL) on February 28 announced the signing of a joint venture agreement for the setting up of an ammonium nitrate plant as part of the planned coal-to-chemical business. The two public sector companies would be forming a joint venture firm, in which the ownership of Coal India will be 51 percent and that of BHEL will be 49 percent.

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