Hyderabad, Aug. 28 :    Hyderabad, Aug. 28:  The Rs 3000-crore Nagarjuna Fertiliser and Chemicals Ltd (NFCL) is being merged into a new entity -Nagarjuna Corporation Ltd. The NFCL board, which met here today, decided on the merger to facilitate its diversification into a multi-product company, with a presence in both fertilisers and farm products. The swap ratio has been fixed at 1:1 in the company, which has an equity of Rs.416.61 crore. Managing director K. S. Raju said the company was poised to enter a new era of agro-based products, which included oil palms, dehydrated foods and other farm-based products. NFCL has already entered the power sector with a plant in Mangalore and an oil refinery project in Cuddalore, Tamil Nadu. It has also formed a consortium with the Satyam and GVK groups, to set up a captive LNG regassification terminal at Kakinada port with a 2.5 mmt capacity. NFCL had reported a turnover of Rs 1,231.24 crore for the period ending March 31, as against Rs 1,435.96 crore in the previous corresponding period, besides posting a profit of Rs 502.89 crore. NFCL has already wound up Nagarjuna Finance. , as well as other ventures such as the infotech one.