Steel tycoon invests Sh1.8bn in fertiliser after ARM deal

Devki Group founder and CEO Narendra Raval. FILE PHOTO | NMG

Steel billionaire Narendra Raval has invested Sh1.8 billion in upgrading the fertiliser plant his firm acquired in the buyout of ARM Cement, marking the tycoon’s latest multibillion-shilling investment.

The investment will triple the plant’s production capacity to 300,000 metric tonnes of fertiliser annually.

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