By Our Correspondent
GORAKHPUR/UTTAR PRADESH:The Prime Minister Narendra Modi, 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 crore is in the equity pattern of 50% 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, 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 (IC) for Power, Coal, New & Renewable Energy and 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.
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.