Reliance Agrees to Sell Gas to Fertilizer Companies - Bloomberg

, India’sbiggest company by market value, signed accords to start sellinggas to 12 fertilizer companies, paving the way for higherproduction of crop nutrients.

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Reliance will sell about 15 million cubic meters a day ofgas to 15 plants belonging to the companies, P.M.S. Prasad ,president and chief executive officer of Reliance’s oil and gasbusiness, told reporters in New Delhi today. India designated fuel-starved fertilizer makers as prioritycustomers for the gas to be produced from the Reliance Krishna-Godavari field, which is expected to more than double thecountry’s output of the fuel. Gas demand from fertilizer unitsin the year ending March 2012 is estimated at 53.07 millioncubic meters a day as they expand capacity and switch from usingnaphtha and fuel oil, the government said.

Full Story: Reliance Agrees to Sell Gas to Fertilizer Companies - Bloomberg