Oman India Fertilizer Company

What Oman India Fertilizer Company does

Oman India Fertiliser Company (OMIFCO) is a Sultanate-of-Oman-domiciled chemical manufacturer that operates a world-scale integrated ammonia-urea fertiliser complex on 175 hectares of coastal land at Sur Industrial Estate. Founded in 1994 as a bilateral Oman-India government initiative, the company commenced commercial production in July 2005 and is currently structured as a joint venture with OQ SAOC (Oman's state energy group) holding 50%, and two Indian agricultural cooperatives, IFFCO and KRIBHCO, each holding 25%. OMIFCO runs two ammonia trains at 1,750 MT/day each and two urea trains at 2,530 MT/day each, delivering annual capacities of approximately 1.15 million metric tonnes of ammonia and 2 million metric tonnes of granular urea (46% nitrogen). Production relies on natural gas feedstock secured via OQ, with licensed technologies from Haldor Topsøe for ammonia synthesis (purity exceeding 99.95%) and Giammarco Vetrocoke for CO2 removal; CO2 generated in ammonia synthesis is recycled as urea feedstock in a closed-loop process. The product set comprises anhydrous ammonia (for fertiliser, refrigeration, and industrial use) and granular urea (for cereals, cash crops, horticulture).

OMIFCO's commercial model is structurally embedded in its shareholder arrangement: IFFCO and KRIBHCO, which together represent more than 55 million Indian farmers, serve as primary offtake partners for the bulk of output, with residual volumes exported internationally through the company's dedicated jetty at Sur. Reported revenue was USD 802.3 million in FY2025 and USD 207.4 million in Q1 2026, with planned dividends of approximately USD 185 million for FY2026, reflecting the company's positioning as a mature, dividend-generating commodity producer rather than a growth-stage operator. Beyond its core nitrogen franchise, OMIFCO is pursuing a measured diversification programme into higher-value chemical products (water-soluble fertilisers, complex fertilisers, nano fertilisers based on IFFCO technology, industrial chemicals) and low-carbon ammonia pathways including carbon capture and green hydrogen integration, supported by partnerships with AKSO, Casale, and the Sur Hydrogen and Energy Transition Cluster.

The company is undergoing an initial public offering on the Muscat Stock Exchange with listing scheduled for July 8, 2026; the transaction comprises 1,672,343,750 shares (25% of share capital) priced between Bzs 146 and Bzs 156 per share, targeting a valuation of at least USD 2.5 billion and up to USD 678 million in proceeds, executed as part of the Oman Investment Authority divestment programme.

Name

Oman India Fertilizer Company

Legal name

Oman India Fertiliser Company SAOC

Website

https://omifco.com

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Oman India Fertiliser Company (OMIFCO) is an Oman-domiciled joint venture between OQ (50%), IFFCO (25%), and KRIBHCO (25%) operating a world-scale integrated ammonia-urea fertiliser complex at Sur, producing approximately 1.15M MT of ammonia and 2M MT of urea annually for Indian cooperative offtake and international export markets.

Ownership category

akta.pro rank

Product category

Nitrogen Fertilizers

NAICS

Nitrogenous Fertilizer Manufacturing (325311)

SIC

Industrial Organic Chemicals (2860), Wholesale-Farm Product Raw Materials (5150)

akta.pro primary industry

Nitrogen Fertilizers (Ammonia/Urea/UAN) (IMAEAEAA)

akta.pro secondary industry

Nitrogen Fertilizers (Ammonia, Urea, UAN, Ammonium Nitrate/Sulfate) (AFABABAA)

Keywords

• Nitrogen fertilizer manufacturing
• Ammonia urea production
• Bulk fertilizer exports
• Agricultural chemicals supply
• Granular urea fertiliser

Headquarters

HQ city

Sur

HQ country

Oman

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Technology or R&D, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Urea Sales: OMIFCO produces granular urea (46% nitrogen) at 2,530 MT/day per plant with annual capacity of approximately 2M metric tonnes. Urea is sold to international markets including India, shipped from the Sur plant jetty. Urea represents over 50% of global dry fertiliser trade.
2. Ammonia Sales: OMIFCO produces anhydrous ammonia (>99.95% purity) at 1,750 MT/day per plant with annual capacity of approximately 1.15M metric tonnes. Ammonia is used for urea production internally and sold externally for fertiliser production, refrigeration, and industrial applications.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

OMIFCO manufactures and sells bulk nitrogen fertilizers — anhydrous ammonia (>99.95% purity) at ~1.15M metric tonnes per year and granular urea (46% nitrogen) at ~2M metric tonnes per year — from its integrated world-scale complex at Sur Industrial Estate in Oman. Production uses natural gas as feedstock with CO2 captured from ammonia synthesis and recycled into urea manufacturing, creating a closed-loop process. Primary customers are its Indian cooperative shareholders IFFCO and KRIBHCO, with additional volumes exported internationally via a dedicated jetty.

Product overview

OMIFCO operates as an integrated ammonia-urea fertiliser manufacturing complex at Sur Industrial Estate in Oman, producing two core products: Ammonia (NH₃) at 1,750 metric tonnes/day per plant and Urea (CO(NH₂)₂) at 2,530 metric tonnes/day per plant. The complex comprises 2 ammonia trains and 2 urea trains on 175 hectares of coastal land. The company is also pursuing a diversification strategy to expand into higher-value chemical products including water-soluble fertilisers, complex fertilisers, industrial chemicals, and low-carbon ammonia. Future product expansion may include nano fertilisers based on IFFCO technology.

Differentiator

Problem solved

Functional benefit

Products and services

• Ammonia (NH3) Anhydrous ammonia produced at 1,750 metric tonnes/day per plant with annual capacity of ~1.15M metric tonnes and purity exceeding 99.95%. Used internally for urea production and sold externally for fertiliser production, refrigeration, nitrogen production, and industrial chemical manufacturing. Produced using Haldor Topsøe ammonia synthesis technology with Giammarco Vetrocoke CO2 removal.
• Urea (CO(NH2)2) Granular urea fertiliser with 46% nitrogen content used for cereals, cotton, cash crops, horticulture, and plantation crops. Produced at 2,530 metric tonnes/day per plant with annual capacity of ~2M tonnes. Urea accounts for over 50% of global dry fertiliser trade. CO2 from ammonia synthesis is captured and used as feedstock for urea production, creating a closed-loop integrated process.

Quantifiable outcome

• ~2M metric tonnes per year urea production capacity
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

13 partnerships are on record, tiered minor, core and flagship.

• Indian Government (National Green Hydrogen Mission)minorStrategic or Co-development Partner · 1 March 2026India exchanged Green Ammonia Purchase and Supply Agreements for 11 projects under the National Green Hydrogen Mission. OMIFCO, as a major ammonia producer and JV between Oman and India, is well-positioned to participate in green ammonia trade supporting India's energy security and sustainable fertiliser production goals.
• Research and Innovation Authority (Oman)minorStrategic or Co-development Partner · 1 February 2026OMIFCO funded a two-day governance experts workshop convened by the Research and Innovation Authority in Oman to advance the National Biotechnology Strategy, implemented in cooperation with the Oman Vision 2040 Implementation Follow-up Unit.
• OQ SAOC (for nano fertiliser exploration)minorStrategic or Co-development Partner · 1 February 2026During a Muscat meeting with IFFCO and KRIBHCO, OQ (representing the Omani government's 50% stake) discussed introducing IFFCO's nano fertiliser technology to Oman through the OMIFCO joint venture. Both parties expressed interest in developing a strategy to promote nano fertilisers, with IFFCO noting its nano fertilisers are 'going global'.
• AKSO (Norway)minorImplementation/ SI/ Consulting Partner · 1 January 2026Norway-based AKSO conducted a decarbonisation roadmap study for OMIFCO as part of the company's clean energy transition strategy. The study evaluated pathways for reducing production carbon intensity using green hydrogen integration, renewable energy, and carbon capture technologies.
• Casale (Italy)minorImplementation/ SI/ Consulting Partner · 1 January 2026Italy-based Casale conducted a carbon capture pre-feasibility study for OMIFCO, evaluating technical and commercial viability of carbon capture technologies to reduce production carbon intensity.
• Sur Hydrogen and Energy Transition ClusterminorImplementation/ SI/ Consulting Partner · 1 January 2026Sur Hydrogen and Energy Transition Cluster pre-feasibility study evaluating green hydrogen integration and renewable energy use at OMIFCO's Sur facility as part of the decarbonisation strategy.
• Environment Authority (Oman)minorStrategic or Co-development Partner · 1 October 2025OMIFCO signed an agreement with Oman's Environment Authority to fund the Al Saleel Nature Reserve development project, advancing OMIFCO's environmental stewardship commitments under its CSR programme.
• South Al Sharqiyah Governorate (Oman)minorStrategic or Co-development Partner · 1 August 2025OMIFCO signed an agreement with the South Al Sharqiyah Governorate to support its Relief Fund, deepening ties with communities surrounding the Sur plant.
• Ministry of Agriculture, Fisheries and Water Resources (Oman)coreStrategic or Co-development Partner · 1 January 2025Oman's Ministry of Agriculture partnered with OMIFCO for the Smart Vegetable Farms project, a national vertical farming initiative using controlled-environment agriculture to enhance food security and reduce import dependence. Oman achieved 65.8% self-sufficiency in food production in 2024.
• Ministry of Education (Oman)minorStrategic or Co-development Partner · 1 December 2023OMIFCO signed an agreement with the Ministry of Education to finance the establishment of Ibn Al Nadhar Center for Science and Innovation, a long-term commitment to education and workforce development aligned with Oman Vision 2040.
• OQ SAOC (Oman)flagshipStrategic or Co-development PartnerOQ SAOC holds 50% stake in OMIFCO as the integrated energy company of the Sultanate of Oman. OQ provides feedstock (natural gas), industrial expertise, and strategic backing across hydrocarbons, refining, petrochemicals, and clean energy. Founded 1996, headquartered in Muscat. Represents the Omani government interest in the joint venture.
• IFFCO (Indian Farmers Fertiliser Cooperative)flagshipStrategic or Co-development PartnerIFFCO holds 25% stake in OMIFCO. One of the world's largest cooperative organisations owned by tens of thousands of Indian farmer cooperatives, representing 55M+ farmers. Serves as primary offtake partner for OMIFCO's urea and ammonia, distributing to Indian agricultural markets. Founded 1967, headquartered in New Delhi.
• KRIBHCO (Krishak Bharati Cooperative)flagshipStrategic or Co-development PartnerKRIBHCO holds 25% stake in OMIFCO. A national-level multi-state cooperative society engaged in the manufacture of chemical fertilisers and biofertilisers in India. Serves as offtake partner alongside IFFCO. Founded 1980, headquartered in Noida, India.

Scale indicators7 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Nutrien Ltd: Canadian fertilizer giant producing nitrogen, potash, and phosphate globally with a North American production base. Comparable as a large-cap public nitrogen producer, though substantially larger and more diversified than OMIFCO.
• Yara International ASA: Norway-based global nitrogen fertilizer leader and the world's largest producer of ammonia/urea/NPK. Comparable as a scaled public nitrogen pure-play, but far more diversified across geographies, products, and decarbonized ammonia programs.
• CF Industries Holdings: US-listed North American nitrogen fertilizer leader producing ammonia, urea, UAN, and DEF. Comparable as a publicly traded pure-play nitrogen producer, with active blue/green ammonia investments relevant to OMIFCO's decarbonization roadmap.

Regional players

• National Fertilizers Limited (NFL): Government of India-owned urea and nitrogen fertilizer producer with multiple Indian plants. Comparable on product mix and on overlapping Indian offtake channels that connect directly to OMIFCO's IFFCO/KRIBHCO distribution.
• Coromandel International Limited: Indian fertilizer and crop-protection company with urea, NPK, and specialty fertilizer operations. Comparable as a downstream Indian fertilizer peer with significant overlap in crop-nutrient demand drivers.
• Chambal Fertilizers and Chemicals Limited: Indian urea manufacturer with significant domestic production capacity serving the same end market OMIFCO reaches via IFFCO/KRIBHCO offtake. Comparable as a downstream Indian nitrogen consumer-facing peer.

Direct peers

• Fertiglobe plc: Abu Dhabi-headquartered nitrogen fertilizer producer (ADX-listed) jointly owned by ADNOC and OCI, producing urea and ammonia at world-scale GCC facilities. Closest direct comparable to OMIFCO — same geography, same product slate, same shareholder structure with state energy major and end-market off-takers.
• Qatar Fertiliser Company (QAFCO): Qatar-based integrated urea and ammonia producer, subsidiary of Industries Qatar. Same GCC nitrogen-fertilizer complex model, similar feedstock (Qatari natural gas via state partner), and overlapping export markets.
• Gulf Petrochemical Industries Company (GPIC): Bahraini JV (with state energy partners) producing ammonia, urea, and methanol. Matches OMIFCO's GCC state-backed integrated ammonia-urea production model and shares regional feedstock access.
• Saudi Arabian Fertilizer Company (SAFCO): SABIC subsidiary operating integrated ammonia-urea plants in Saudi Arabia. Directly comparable on product, regional footprint, state-energy sponsorship, and downstream distribution into agricultural and industrial markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/OMIFCO
• YouTubeyoutube.com/@OmanIndiaFertiliserCo
• Facebookfacebook.com/OmanIndiaFertiliserCompany
• LinkedInlinkedin.com/company/omifco-s-a-o-c
• Instagraminstagram.com/omifco

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Oman India Fertilizer Company