Rs 30,000 crore to be invested to revive 4 fertiliser plants

Top public sector units (PSUs) will come together to invest about Rs 30,000 crore to revive four mothballed fertiliser plants by 2020-21.

This wil be done with an objective to make India self- sufficient in urea production and cut imports.

Apart from investing in rebuilding the shut urea plants at Gorakhpur in Uttar Pradesh, Sindri in Jharkhand, Talcher in Odisha and Barauni in Bihar, about Rs 13,000 crore is being invested in laying a gas pipeline to connect the eastern region with rest of the country.

Oil Minister Dharmendra Pradhan said, “Another Rs 6,000-8,000 crore is being invested in setting up a terminal to import liquefied natural gas (LNG) at Dhamra in Odisha, taking the total investment to Rs 50,000 crore.”

Fertiliser Minister Ananth Kumar.said, “India’s annual requirement of urea is 31-32 million tonnes. In the fiscal year that ended on March 31 (2016-17), domestic production was 24.5 million tonnes and the rest was imported.”

Image Credit : images.financialexpress.com

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