BackRevival of 3 defunct fertiliser units will create jobs, says Arun Jaitley
The Cabinet approved the revival of Gorakhpur, Sindri and Barauni fertiliser plants, as part of its efforts to make India self-sufficient in urea output
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New Delhi: Finance minister Arun Jaitley on Thursday said revival of Gorakhpur, Sindri and Barauni fertiliser plants will make urea available locally, besides creating jobs in and around those areas.
The Cabinet on Wednesday approved the revival of these three closed fertiliser units, at an estimated cost of ₹ 18,000 crore, as part of its efforts to meet demand of eastern states and make India self-sufficient in urea output.
It approved the revival of three defunct units with a capacity of 1.27 million tonnes per annum each. “Revival of Gorakhpur, Sindri & Barauni fertiliser units would provide employment opportunity and ensure availability of urea locally," Jaitley said in a tweet.
In another tweet, the finance minister said the national democratic alliance (NDA) government’s decision to revive the units is an “effort towards transforming India".
Fertiliser Corporation India Ltd (FCIL) has two closed urea plants at Sindri (Jharkhand) and Gorakhpur (Uttar Pradesh), while Hindustan Fertilisers Corporation Ltd (HFCL) has one closed factory at Barauni (Bihar).
These three units would be revived by means of Special Purpose Vehicle (SPV) of Public Sector Units (PSUs)—National Thermal Power Corporation (NTPC), Coal India Ltd (CIL), Indian Oil Corporation Ltd (IOCL) and FCIL/HFCL, through ‘nomination route’.
Last year, the government had approved revival of these three units through ‘bidding route’. However, the bidding process could not be carried forward due to receipt of only one application each against ‘Request for Qualifications’ (RFQs) for revival of Gorakhpur and Sindri units of FCIL.
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