Aug 1 2016 | India Opportunities

Revival of Fertilizer Unit

Prime Minister Narendra Modi has recently unveiled the foundation stone at Gorakhpur, for the revival of gas based Gorakhpur Fertilizer plant, implemented by ‘Hindustan Urvarak Rasayan Ltd’ a joint venture between two of the biggest Maharatna CPSEs of the country - Coal India Ltd (CIL), the flagship coal miner and NTPC Ltd, the national power producer. The fertilizer is being revived at an estimated cost of Rs 6,000 Crore, which is in the equity pattern of 50% each between both the CPSE entities.