Govt to invest Rs 50,000 cr to revive closed fertilizer units

Govt to invest Rs 50,000 cr to revive closed fertilizer units

Govt to invest Rs 50,000 cr to revive closed fertilizer units

Government will invest Rs 50,000 crore in the next four years to revive five closed fertilizer plants and laying gas pipeline network to connect Eastern India with the National Gas Grid.

The investment includes Rs 20,000 crore being pumped to revive fertilizer plants at Gorakhpur (Uttar Pradesh), Barauni (Bihar) and Sindri (Jharkhand). The work on these plants will commence in the current fiscal.

“Production from these major fertilizer plants will ensure enhanced domestic fertilizer production and availability which will give an impetus to the vital agricultural sector there by aiding the second green revolution,” Petroleum Minister Dharmendra Pradhan told reporters here.

The minister said that the pipeline network would provide uninterrupted feedstock linkage to the revived fertilizer plants, wherein Gorakhpur, Barauni and Sindri plants would be natural gas based and Talcher would be coal gasification technology based for which coal linkages have already been provided.

Pradhan added that the foundation stones for the five fertilizer plants would be laid down post monsoon this year and would be completed by 2020-21.

Pradhan said the progress of construction of the pipeline network in eastern India, including the 2,650 km Jagdishpur-Haldia and Bokaro-Dhamra Natural Gas Pipeline, popularly known as ‘Pradhan Mantri Urja Ganga’, was reviewed in the meeting.

A total investment of Rs. 13,000 crore for the pipeline and of Rs 6,000 crore for Dhamra LNG terminal will now be undertaken, he said.

Ministry of Chemicals and Fertilizers, in coordination with Ministries of Petroleum & Natural Gas and Power & Coal, is following a two-pronged strategy of capacity augmentation of plants by increasing the efficiency of the plants and revival of closed fertilizer projects.

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