Approval for revival of the Sindri unit of the Fertilizer Corporation India
The Union
Cabinet chaired by the Prime Minister, Shri Narendra Modi, today gave
its approval for the revival of closed urea unit of Fertilizer
Corporation India Limited (FCIL) at Sindri (Jharkhand) with an
investment of Rs 6000 crore.
This unit was lying defunct and was not in operation since 2002.
Therefore, the unit and other associated facilities were lying
unutilized. It is important to mention here that there is no functional
urea unit in the Eastern part of the country except two small units at
Namrup (Assam).
The annual consumption of urea in the country is approx. 310 LMT, out of
which 230 LMT is produced indigenously and rest is imported. To enhance
the production of urea indigenously, Govt. has earlier approved the
revival of Talcher (Odisha) & Ramagundam (Telangana) units of FCIL
by PSUs through ‘nomination route’ and Barauni unit of Hindustan
Fertilizer Corporation Limited (HFCL) & Gorakhpur unit of FCIL
through ‘Bidding route’. Now Sindri unit is approved for revival through
‘Bidding route’. Earlier, its revival was to be done through PSUs (SAIL
& NFL).
The setting up of a new unit at Sindri will meet the growing demand of
urea in the States of Bihar, West Bengal and Jharkhand. It will also
ease the pressure on railway and road infrastructure due to long
distance transportation of urea from Western and Central Regions and
thereby saving in govt. subsidy on freight. It will also accelerate the
economic development of the region. Apart from growth of regional
economy, this unit will create opportunities for 500 direct and 3000
indirect employments.
The CCEA earlier had approved gas pooling for urea sector which will
enable the unit to get gas at pooled price on its revival which will
make the urea units globally competitive.
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AKT/SH
(Release ID :121909)
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