National Fertilizers Limited has informed that Joint Venture Agreement (JVA) has been signed among Government of Assam (GoA), National Fertilizers Limited (NFL), Oil India Limited (OIL), Hindustan Urvarak & Rasayan Limited (HURL), and Brahmaputra Valley Fertilizer Corporation Limited (BVFCL).

Further, Joint Venture Company (JVC) was incorporated on 25th July, 2025 in the name of Assam Valley Fertilizer and Chemical Company Limited (AVFCCL).

The authorized capital of the company is 10 crores and paid up capital is 10 lakh. AVFCCL is a 40:18:18:13:11 JVC among GoA, NFL, OIL, HURL, and BVFCL.

The Joint Venture is for setting up of a new Ammonia-Urea Complex Namrup IV Fertilizer Plant at Namrup, Assam.

The tentative overall time schedule for mechanical completion and commissioning of Namrup — IV Project is 48 months from zero date.