SME Times is powered by   
Search News
Just in:   • Niryat Mitra, a well thought-out app  • Rupee hits record-low of 70.08 against USD  • Trump signs $717bn annual defence policy bill into law  • After retail inflation, WPI eases to 5.09 pc in July  • Apple delays 'Group FaceTime' feature for video calls 
Last updated: 10 Aug, 2018  

Industry.9.thmb.jpg Cabinet nods plan to revive Gorakhpur, Barauni, Sindri fertilizer plants

Industry.9.jpg
   Top Stories
» Rupee hits record-low of 70.08 against USD
» After retail inflation, WPI eases to 5.09 pc in July
» Tail winds turn into head winds for airlines: ASSOCHAM
» Data protection law for data-driven processes, innovation soon: Official
» Fintech cos can play key role in MSME financing: Survey
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.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 15 Aug, 2018
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(8)
» PMEGP to assist entrepreneurs financially: Dinesh Rai(1)
» Exports must be priority(1)
» Audi CEO to remain in German police custody(1)
» History of Lok Sabha elections(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter