Fresh Investments in Fertilizer Sector

Fresh Investments in Fertilizer Sector

M/s Matix Fertilizers and Chemicals Limited, a private company is setting up a new Greenfield Gas (including Coal Bed Methane gas) based Ammonia-Urea project in Burdwan District, West Bengal with a capacity 1.27 million metric tonne per annum of Urea. Also after notification of New Investment Policy – 2008, investments have also taken place on some revamp projects in urea sector, whose details are given in the Annexure.

The New Investment Policy 2012 for urea sector is under consideration of Government of India to attract fresh investments.

                                   

ANNEXURE

New Investment Policy

Investment in Revamp Projects due to New Investment Policy :- 2008

Name of the unit	Amount Spent	Pre-Revamp Production capacity (Urea)	Post revamp production Capacity (Urea)
	Rs. Crore	MT/day
Completed
Chambal fertilizers & Chemicals Ltd. – Gadepan I & II	445.87	5240	6100
IFFCO – Phulpur – I & II		4290	5145
IFFCO-Aonia – I & II	335	5240	6060
Tata Chemicals, Babrala	208	2620	3500
Indo Gulf Fertilizers, Jagdishpur	141	2620	3250
Partially Completed
KRIBHCO Shyam Fertilizers Ltd., Shahjahanpur	80	2620	3000
Nagarjuna Fertilizers & Chemicals Ltd., Kakinada – I & II	250	4090	4745
Under Revamp
RCF Thal	488.75	5170	6060
NFL, Vijaypur – I & II	900	5240	6261
KRIBHCO, Hazira	1300	5240	6650

This information was given by the Minister of State for Chemicals and Fertilisers, Shri Srikant Kumar Jena in a written reply in the Lok Sabha today.

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DNM/NSK/NV

(Release ID :89665)