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Cabinet nods plan to revive Gorakhpur, Barauni, Sindri fertilizer plants
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IANS | 10 Aug, 2018
The Union Cabinet on Thursday approved the revival plan for fertilizer
plants in Gorakhpur (Uttar Pradesh), Sindri (Jharkhand) and Barauni
(Bihar) by Hindustan Urvarak and Rasayan Limited (HURL).
"The
revival of Gorakhpur, Sindri and Barauni units of Fertilizer Corporation
of India Ltd (FCIL)/ Hindustan Fertilizer Corporation Ltd (HFCL) will
ensure substantial investment in the fertilizer sector," said an
official statement.
HURL is a joint venture company of Coal India
Ltd, NTPC Ltd, Indian Oil Corporation Ltd, Fertilizer Corporation of
India Ltd and HFCL. It was incorporated in 2016 to revive the three
fertilizer units.
"These units will act as anchor customer to
Jagdishpur-Haldia ... gas pipeline being laid for development of
critical infrastructure in eastern India," it said.
This will
create job opportunities in the region and boost the economy of the
eastern states. Further, the revival of fertilizer unit will also
augment indigenous production of urea, thereby enhancing self-reliance
in urea, it added.
The revival plan includes providing land on
lease for a period of 55 years at a nominal lease rent of Rs 1 lakh per
annum to HURL and concession agreements for the three projects.
The
concession agreements will help HURL to carry out complete design,
engineering, construction, procurement, testing, commissioning, operate
and maintaining fertilizer plants and market its products.
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