News Feed The Indorama Granular Urea price applicable to Registered Agro dealers for the month of May 2022 is NGN 17,500 per 50 Kg bag Ex-plant (350,000 NGN / MT ) effective from 18th May 2022 for sales inside Nigeria. The company reserves the right to unilaterally cancel any sales order, DOs with immediate effect, and blacklist the agro dealer if Urea sold to any of the registered ago-dealers moves out of the country. Agro Dealers shall not distribute, sell, or aid in the movement of Indorama Urea outside of their own Territory as mentioned in the movement approval from the National Security Advisor ( NSA ) Indorama Powers Nigeria's Petrochemicals, Fertilizer     Nigeria: Presidential Fertilizer Committee Commends Indorama for Keying into Plan to Supply NPK at Cheaper Price to Farmers Nationwide    

Board Members

Mr. S.P. Lohia,Chairman (Indorama Corporation and Indorama Ventures)

Mr. S P Lohia is the founder of Indorama Corporation. He established PT. Indo- Rama Synthetics along with his father, Mr. M.L. Lohia, in 1975. He has more than 40 years of experience in the manufacturing industry and sits on the boards of various companies that are part of Indorama Corporation. He is also the Chairman of Indorama Ventures Public Company Limited (listed on the Thai Stock Exchange). He has a Bachelor of Commerce degree from the University of Delhi.

Mr. Amit Lohia, Vice Chairman (Indorama Corporation)

Mr. Amit Lohia, a Bachelor of Finance Degree holder from Wharton School of Business, USA, joined Indorama Corporation in 1995. Since then, he has successfully been running its world-wide operations, acquired & turned around distressed assets and established large scale green field projects for Indorama in various parts of the world. He sits on the board of various companies that are part of Indorama Corporation.

Mr. Manish Mundra, CEO Africa & Managing Director of Indorama Eleme Petrochemicals Limited

Mr. Manish Mundra is a Management Graduate (MBA) in Finance and Marketing from University of Jodhpur, Rajasthan, India. He has over 20 years of international management and M & A experience in a wide range of manufacturing industries.

Mr. Mundra joined Indorama in 2002 in Corporate Strategy, reporting to the Chairman, Mr. S P Lohia. As a result of his resourcefulness, he was later transferred to Indorama Nigeria in 2005 as a Project Manager for the acquisition of Eleme Petrochemicals Company Limited. Post-Acquisition, he continued to play important roles in various departments and initiatives, especially marketing, government relations and community engagement.

Mr. Mundra was appointed as Deputy Managing Director of the Company in 2007 and as the Managing Director in 2009. He has exhibited tremendous management skills in running the Nigeria and Senegal operations, especially the expansion projects which are now concluded - Indorama Eleme Fertilizer & Chemicals Limited (IEFCL) and ICS Senegal.

Mr. Munish Jindal, Chief Executive Officer

Mr. Munish Jindal is an honours graduate in Commerce and a qualified Chartered Accountant from India. He has over 25 years of rich experience in corporate finance and commercial activities in an array of different industries.

He has been working in Indorama since 1997 and in Indorama Eleme Petrochemicals Limited since January 2007. Since 2008, Mr. Jindal is the Chief Finance Officer (CFO) of the Company in Nigeria and was appointed as a board member in March 2009.

Mr. Jindal played a pivotal role in securing the funding of USD 1.5 billion for the Fertilizer, Port and Pipeline projects. Since October 2016, he is the CEO of IEFCL.

Mr. Zahi El Khatib, Director

Mr. Zahi El Khatib holds a Masters degree in Finance and Economics from the London School of Economics and a Bachelor of Economics from the American University of Beirut.

He has over 15 years of experience in private equity and investment banking in Europe, Middle East and Africa. He has been on the board of companies in the energy, water and power sectors. He has worked on evaluating and executing leveraged buy-outs, exits and operational and financial restructurings of companies.

Mr. Deepu Sivadas, Director

Mr. Deepu Sivadas is the Chief Technical Officer of Indorama Eleme Petrochemicals Limited and Indorama Eleme Fertilizer & Chemicals Limited.

Mr. Sivadas is a Mechanical Engineer from India with over 28 years of rich experience and excellent track record in Engineering, Technology, Project Management, Operations, Maintenance, Productivity, Safety and Quality Management Functions. He possesses vast leadership and technical expertise in Petrochemicals, Refinery, Oil & Gas, Polyester, Polyester Intermediates and Fertilizer Industries in India, US, Indonesia, Nigeria and Senegal.

He was responsible for the engineering, construction and commissioning of IEFCL Projects in Nigeria. Mr. Sivadas is also having extensive experience in the field of Mergers & Acquisitions, Project commercial matters, Operational Excellence & Best Practices.