Revival of FCI's Talcher Fertilizer Factory
The Cabinet Committee on Economic Affairs (CCEA) had in August, 2011 approved the Draft Rehabilitation Scheme (DRS) for revival of all the Units of FCIL, including Talcher Fertilizer Plant. DRS envisaged revival of Talcher Unit by the consortium of M/s. Rashtriya Chemical & Fertilizers Limited (RCF), M/s Coal India Limited (CIL) and M/s Gas Authority of India Limited (GAIL). Recently, CCEA in its meeting held on 9.5.2013, inter-alia, approved waiver of Government of India loan and interest of Fertilizer Corporation of India Limited (FCIL) to facilitate FCIL to arrive at positive net worth. This enabled FCIL to get de-registered from the purview of Board For Industrial and Financial reconstruction (BIFR). Talcher project involves setting up 3850 MTPD Urea plant and 1000MTPD of Ammonium Nitrate plant with an estimated cost of Rs. 9000 core. No time schedule has been fixed as yet, however, it takes normally around three years to fully operationalise a urea plant from its zero date.
This information was given by the Minister of State for Chemicals and Fertilisers, Shri Srikant Kumar Jena in a written reply in the Rajya Sabha today.
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The Cabinet Committee on Economic Affairs (CCEA) had in August, 2011 approved the Draft Rehabilitation Scheme (DRS) for revival of all the Units of FCIL, including Talcher Fertilizer Plant. DRS envisaged revival of Talcher Unit by the consortium of M/s. Rashtriya Chemical & Fertilizers Limited (RCF), M/s Coal India Limited (CIL) and M/s Gas Authority of India Limited (GAIL). Recently, CCEA in its meeting held on 9.5.2013, inter-alia, approved waiver of Government of India loan and interest of Fertilizer Corporation of India Limited (FCIL) to facilitate FCIL to arrive at positive net worth. This enabled FCIL to get de-registered from the purview of Board For Industrial and Financial reconstruction (BIFR). Talcher project involves setting up 3850 MTPD Urea plant and 1000MTPD of Ammonium Nitrate plant with an estimated cost of Rs. 9000 core. No time schedule has been fixed as yet, however, it takes normally around three years to fully operationalise a urea plant from its zero date.
This information was given by the Minister of State for Chemicals and Fertilisers, Shri Srikant Kumar Jena in a written reply in the Rajya Sabha today.
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