New Delhi: Union Minister of State for Chemicals and Fertilizers Mansukh Mandaviya held a review meeting with officers of the Department of Fertilizers to review the progress of revival of five fertilizers plants through video conference.
These include three plants of Hindustan Urvarak Rasayan Limited (HURL), Gorakhpur, Barauni and Sindri Plants, Ramagundam Fertilizers and Chemicals Limited (RFCL) and Talcher Fertilizers Limited (TFL). Senior officers from RFCL, HURL and TFL, looking after the revival of these five fertilizers plants, attended the meeting.
While reviewing the physical and financial progress of all these fertilizer plants, Mandaviya directed that the concerned authority may take all possible steps for early completion of the projects.
Mandaviya was informed that the Ramagundam Fertilizers and Chemicals Limited (RFCL) has already achieved 99.53 percent of physical progress and there has been some delay in completion of a small component of physical work due to COVID-19. It is expected that urea production will commence by the end of September 2020.
Similarly, the Minister was told that Gorakhpur, Sindri, Barauni fertilizer plants have achieved 77 percent, 70 percent and 69 percent of physical progress respectively. It is expected that Gorakhpur, Barauni and Sindri plants will be completed before May 2021. He was also informed that the currently pre-project activities are in progress in the Talcher Fertilizer Plants in Odisha. He was also told that these projects are being pursued vigorously despite challenges posed by COVID-19 causing some delays.
The government had already announced New Investment Policy (NIP), 2012 to facilitate fresh investment in the urea sector and to make India self-sufficient in the urea sector. Under NIP, 2012, the government is reviving the above referred five closed fertilizer plants of Fertilizer Corporation of India Limited (FCIL) and Hindustan Fertilizer Corporation Limited (HFCL). The five public sector units under revival are:-
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Telegram. Join PSU Watch Channel in your Telegram and stay updated)