NEW DELHI, Dec 7 (Reuters) – Nagarjuna Fertilizers and Chemicals Ltd is working its 1.4 million tonnes a yr urea plant at Kakinada in southern India at 50% capability for final two to a few months resulting from excessive value of imported fuel, its Chairman Emeritus stated on Wednesday.

The plant requires 2.7-2.8 million requirements cubic meters of fuel and the corporate is getting half of that from native sources at $10 plus per million British thermal models (mmBtu) for its one unit, K.S Raju advised Reuters at an trade occasion.

“Because of high gas prices our one unit is shut for last two to three months,” he stated.

He stated the second unit will begin operations if costs of imported liquefied pure fuel (LNG) decline to $12-14 per mmBtu. (Reporting by Nidhi Verma, writing by Shivam Patel, modifying by Louise Heavens)