Hon’ble Prime Minister unveils Foundation Stone for revival of Fertilizer Unit
22nd Jul, 2016
Shri Narendra Modi, Hon’ble Prime Minister paving the way for prosperity of farmers in India and making the urea available, unveiled the foundation stone, today at Gorakhpur, for the revival of gas based Gorakhpur Fertilizer plant, implemented by ‘Hindustan Urvarak Rasayan Limited’ 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% each between both the CPSE entities.
The unveiling was done in the presence of Shri Ram Naik, Governor, Uttar Pradesh, Shri Ananth Kumar, Union Minister of Chemicals and Fertilizers, Parliamentary Affairs, Shri Kalraj Mishra, Union Cabinet Minister of Micro, Small and Medium Enterprises, Shri J P Nadda, Union Minister of Health and Family Welfare; Shri Piyush Goyal, Minister of State (I/C) for Power, Coal, New & Renewable Energy, Mines and Ms. Anupriya Patel, Minister of State in the Ministry of Health and Family Welfare, Shri Yogi Adityanath, Member of Parliament, Gorakhpur and other dignitaries graced the occasion. Shri Gurdeep Singh, CMD, NTPC Limited, Shri S Bhattacharya, CMD, Coal India Limited, Shri A K Gupta, CEO, HURL were also present.
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 16 May, 2016, CIL and NTPC Limited have formally inked the Joint Venture agreement for the revival of the fertilizer plant.
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