Joint Ventures Under Implementation/Consideration
The detail of the Joint ventures established so far and under implementation is given below. It provides the detail about long term buy-back agreements with these Joint Ventures companies and also the time frame for these JVs to come up:-
EXISTING Joint Ventures as on 01.07.2011
| JV Project- Country | Entities | Product | Input tie up/Model | Off take arrangement | Price preference |
|---|---|---|---|---|---|
| JPMC – IFFCO JV, Jordan | JPMC & IFFCO | 4.8 lakh MT phosphoric acid to be commissioned by 2013. | Rock supplied by JPMC at international price | Off take agreement by IFFCO for off take of entire qty of phos acid | No price preference either for rock supplied or phos acid being off taken |
| Tunisia-India Fertilizer Company (TIFERT), Tunisia | GCT (Tunisia), CFL (Now CIL) & GSFC (India) | 3.60 lakh MT of phosphoric acid. Expected to start commercial production by the end of year 2011-12. | Rock supplied by GCT at international price | Off take agreement by CFL-GSFC with GCT for off take of entire qty of phos acid | No price preference either for rock supplied or phos acid being off taken |
