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Zuari group lines up Rs 300 cr for MCFL to double capacity

Industry Agriculture

Zuari Group which acquired major stake in Mangalore Chemicals and Fertilizers Ltd (MCFL) is planning to expand phosphatic fertilizer manufacturing capacity to six lakh tonnes per annum from three lakh tonnes per annum at its Mangaluru plant in Karantaka. Zuari group has prepared the blueprint for expansion of MCFL and is looking to invest about Rs 300 crore on the project. The final decision will be taken in January.

Extracted from ET, Dec 13,’15

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