Govt undertakes revival of closed fertilizer projects to make India self-reliant
The Dollar Business Bureau A Joint review meeting on revival plans for closed fertilizer projects was held today, to realise PM Narendra Modi's vision of ‘Fertilizer Security for Food Security'. The two-pronged strategy includes existing fertilizer capacity augmentation by increasing the efficiency of the plants and revival of closed fertilizer projects. "With the revival of the fertilizer projects, Gorakhpur, Barauni, Sindri and Talcher, an additional annual production capacity of 75 LMT would be created making India self-reliant in meeting the annual domestic demand of around 320 LMT, from being a net importer currently," Ananthkumar, Union Minister for Chemicals & Fertilizers and Parliamentary Affairs said, after the meeting. "Financial allocations and the ground level work would start in 2017 and the five plants would become fully functional by 2020-21," he added. Through optimum utilisation of existing capacity, India ...
CIL, NTPC ink agreement to revive fertilizer plants
The Dollar Business Bureau In an effort to revive two gas-based fertilizer plants, Coal India Ltd, the giant of coal mining, and NTPC, largest power producer in India, have inked a joint venture agreement. According to the agreement inked by the two state owned firms, the works at the plants of Fertilizer Corporation of India at Jharkhand and Gorakhpur will resume soon. Earlier, the Centre tried to rope in private partners to revive the ailing fertilizer plants. However, the apathetic response compelled the government to turn back to financially stable public sector companies. The Centre sought cash-rich PSUs like Coal India, NTPC and Oil & Natural Gas Corporation to adopt one shut urea plant by each, to help in the revival process. An official from ...
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 ...
