Utilisation of Assets of Closed/Sick Fertilizer Units
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(Release ID :98139)
The valuation of scrap of machineries and equipments
lying in closed units of FCIL and HFCL along with the value of land has been
done by M/s Project & Development India Limited (PDIL), a Central Public
Sector Enterprise, under the administrative control of Department of
Fertilizers and the valuation has been certified by a Government Registered valuer. The details are as under:
The Estimated value of
land, usable and unusable items along with the value of land in respect of
closed units of FCIL and HFCL
(Rs. in crore)
|
Name of the Unit
|
Value of land
|
Value of usable and unusable items
|
Total
|
|
Sindri, FCIL
|
1534.14
|
261.95
|
1796.09
|
|
Ramagundam, FCIL
|
278.23
|
133.13
|
411.36
|
|
Talcher, FCIL
|
143.21
|
130.52
|
273.73
|
|
Gorakhpur,
FCIL
|
1018.64
|
83.27
|
1101.91
|
|
Korba, FCIL
|
456.09
|
41.28
|
497.37
|
|
Barauni, HFCL
|
180.15
|
67.24
|
247.39
|
|
Durgapur,
HFCL
|
629.65
|
76.62
|
706.27
|
|
Haldia, HFCL
|
455.68
|
92.39
|
548.07
|
|
Total
|
4695.79
|
886.40
|
5582.19
|
The details of closed/sick
fertilizer units in the country are as under:
|
Name of PSU
|
Name of the closed/ sick Unit
|
Status
|
|
Fertilizer Corporation of India Limited (FCIL)
|
Sindri
|
closed
|
|
Gorakhpur
|
-do-
|
|
|
Talcher
|
-do-
|
|
|
Ramagundam
|
-do-
|
|
|
Korba
|
never commissioned
|
|
|
Hindustan Fertilizer Corporation Limited (HFCL)
|
Barauni
|
closed
|
|
Haldia
|
never commissioned
|
|
|
Durgapur
|
closed
|
|
|
Madras Fertilizers Limited (MFL)
|
Manali, Chennai.
|
sick
|
|
Brahmaputra Valley Fertilizers Corporation Ltd.
|
Namrup-I
|
closed
|
|
Fertilizers
and Chemicals Travancore Limited (FACT)
|
Ammonia-Urea plant, Cochin
|
closed
|
Besides the above, the estimated scrap
value of the Namrup-I plant of Brahmaputra valley
Fertilizer Corporation Limited (BVFCL), which is lying closed, is estimated at
Rs. 14.80 crores adopting the ‘Market Value’ basis of valuation by M/s RBSA
Valuation Advisor, a certified Government Valuer. The
estimated present value of land of Namrup-I possessed
by BVFCL is Rs. 21.20 crores.
The scrap of machineries and equipments
of the closed Ammonia-Urea plant at Fertilizers and Chemicals Travancore
Limited (FACT) Cochin Division has been valued by M/s Engineers India Ltd. at
Rs.26.29 crores, however the Board had felt that the valued assessed by EIL was
undervalued and hence the value was not accepted.
Government contemplates gainful
utilization of the land and assets lying idle by setting up new urea plants.
As per decision of the Government in
2002, all the fertilizer units of FCIL and HFCL were closed and majority of the
employees were released on Voluntary Separation Scheme (VSS) and remaining few
employees are being paid regular salary.
There is a proposal to revive all the
eight closed urea units of FCIL and HFCL, out of which three units of FCIL are
proposed to be revived on nomination basis.
The remaining five units shall be revived through bidding route in which
international firms can also participate.
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.
***
DNM/NSK/DB
(Release ID :98139)
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