Speed Post News Network
New Delhi: The Union Cabinet chaired by PM Narendra Modi has approved the revival of three defunct fertilizer units. They include two closed urea units of Fertilizer Corporation India Limited (FCIL) at Sindri (Jharkhand) and Gorakhpur (Uttar Pradesh) besides Barauni (Bihar) unit of Hindustan Fertilizers Corporation Limited (HFCL).
These three fertilizers units would be revived by means of Special Purpose Vehicle (SPV) of Public Sector Units (PSUs) namely, National Thermal Power Corporation (NTPC), Coal India Limited (CIL), Indian Oil Corporation Limited (IOCL) and FCIL/HFCL, through ‘nomination route’.
The setting up of new units at Sindri, Gorakhpur and Barauni will meet the growing demand for Urea in 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 government subsidy on freight. It will also accelerate the economic development of the region. Jagdishpur to Haldia.