New policy to boost domestic Urea production, curb imports
Government of Indias move to supply gas at uniform delivered price to all fertilizer plants, will lead to an additional production of around 37.13 Lakh MT of urea in existing fertilizer units over the next four years, says the Department of Fertilizers. The Dollar Business Bureau The Indian Cabinet Committee of Economic Affairs (CCEA), on Tuesday, approved a policy to stabilise the prices of natural gas and imported Liquefied Natural Gas (LNG) used by the domestic fertilizer plants. Under this policy, the government intends to supply gas at uniform delivered price to the fertilizer plants on the gas grid, for the production of urea under a pooling mechanism. It is expected that the cost of urea production at pooled price would be less than ...
