Balancing commercial interests with social obligations, India’s biggest Maharatna Central PSUs —NTPC Ltd and Coal India Ltd (CIL) got together to revive the 26 year old fertiliser unit in Gorakhpur at a cost of Rs 6,000 crores.
Unveiled by the Prime Minister of India, Narendra Modi on July 22, this fertiliser unit while helping the farming community and ushering in rural prosperity will also generate huge employment opportunities for the local youths.
The revitalization of these plants would help generate 1.27 million tonne per annum of urea along with other associated chemicals from each plant, bridging the demand supply gap of urea, thereby helping the farming community getting timely supply of urea.
It took 26 long years for fertiliser plant to reopen in Gorakhpur. This plant will enhance the region’s progress. pic.twitter.com/B8Boo3SdU8
— Narendra Modi (@narendramodi) July 22, 2016
As this is a gas based fertliser unit, state-owned GAIL has agreed to make gas available through the proposed Jagdishpur-Haldia pipeline to be constructed by GAIL.
CIL and NTPC Lyd had recently on May 16 formally inked the Joint Venture agreement for the revival of the fertilizer plant. The JV company of NTPC and CIL that will implement this project will be called ‘Hindustan Urvarak Rasayan Limited’. Cost of reviving the plant at an estimated Rs 6,000 Crores will be shared equally or as 50% each between both the CPSE entities.
The unveiling of the unit by the PM was done in the presence of Ram Naik, Governor, Uttar Pradesh, Ananth Kumar, Union Minister of Chemicals and Fertilizers, Parliamentary Affairs, Kalraj Mishra, Union Cabinet Minister of Micro, Small and Medium Enterprises, J P Nadda, Union Minister of Health and Family Welfare; Piyush Goyal, Minister of State (I/C) for Power, Coal, New & Renewable Energy, Mines and Anupriya Patel, Minister of State in the Ministry of Health and Family Welfare, Yogi Adityanath, Member of Parliament, Gorakhpur and other dignitaries graced the occasion.
Gurdeep Singh, CMD, NTPC Limited, S Bhattacharya, CMD, Coal India Limited, A K Gupta, CEO, HURL were also present.
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