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Madras Fertilizers Ltd plans to establish a Greenfield Ammonia-Urea Complex in Chennai with an investment of ₹10,300 crore. The plant is expected to produce 1.3 million tonnes of urea annually. The board has approved a pre-feasibility report, and applications for Centre approval have been submitted.

The project aligns with the Atmanirbhar Bharat vision and aims to address urea shortages in South India. In fiscal 2024-25, MFL achieved record production levels and a revenue increase of 14% to ₹2,542 crore. The execution of the project depends on the restructuring of a Government of India loan, for which a proposal has been submitted.