Policy

PM unveils Foundation Stone for revival of Fertilizer Unit

The revival of the plant at Gorakhpur entailing an investment of Rs 6 000 crore is in the equity pattern of 50 per cent each between two CPSEs - CIL NTPC
PM unveils Foundation Stone for revival of Fertilizer Unit

Prime Minister Narendra Modi today paved the way for prosperity of farmers in India and making the urea available and unveiled the foundation stone at Gorakhpur, for the revival of gas based Gorakhpur Fertilizer plant, implemented by ‘Hindustan Urvarak Rasayan Limited.’
Hindustan Urvarak Rasayan Ltd is a joint venture between two of the biggest Maharatna CPSEs of the country – Coal India Limited (CIL), the flagship coal miner and NTPC Limited, the national power producer. The revival of the plant entailing an investment of Rs 6,000 Crores is in the equity pattern of 50 per cent each between both the CPSE entities.

The unveiling was done in the presence of Ram Naik, Governor, Uttar Pradesh, Ananth Kumar, Union Minister of Chemicals and Fertilizers, Kalraj Mishra, Union Cabinet Minister of Micro, Small and Medium Enterprises,JP 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. Gurdeep Singh, CMD, NTPC Limited, S Bhattacharya, CMD, Coal India Limited, AK Gupta, CEO, HURL were also present.

According to the company release, this initiative would help the farming community getting urea timely and usher in a new era of rural progress and prosperity in the country especially in the eastern parts. This is in harmony with Government of India’s commitment to empower farmers, increase agricultural income and accelerate rural development.

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. The other positive consequence would be employment generation opportunities locally.

The gas would be made available through the proposed Jagdishpur-Haldia pipeline to be constructed by GAIL.

Earlier on May 16, 2016, CIL and NTPC Limited have formally inked the Joint Venture agreement for the revival of the fertilizer plant.

The Prime Minister also unveiled plaque for the Foundation Stone of Gorakhpur AIIMS. He was given brief presentations on the salient features of both projects.

Addressing a large public gathering on the occasion, the Prime Minister said that the development of eastern India is essential, for the balanced development of India.

The Prime Minister called it unacceptable that fertilizer plants be shut and youth not have jobs, even as fertilizer is imported from abroad. He said that the reopening of the fertilizer unit can ignite an industrial transformation in the State.

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