The Tripura government, Oil and Natural Gas Corporation (ONGC) and a private company signed a tripartite agreement on Tuesday to establish a huge urea fertilizer plant in the State. The State government would have a 10 per cent stake in the Rs. 5,000 crore project which will come up in the Kumarghat area of north Tripura by 2016.
Sudhir Vasudeva, CMD, ONGC, Vice President of the Chambal Fertilizers and Chemicals Limited (CFCL) M.S. Rathore and Secretary of Tripura government Samarjit Bhowmik signed the agreement.