The new project will boost India's Urea production capacity and meet the growing demand of Urea fertilisers including Northeast states, Bihar, West Bengal, Uttar Pradesh and Jharkhand.
Digital Desk: The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the proposal to establish a new Brownfield Ammonia-Urea Complex in Namrup, Assam on Wednesday.
The plant will produce 12.7 lakh metric tonnes of Urea annually within the existing premises of Brahmaputra Valley Fertilizer Corporation Limited (BVFCL), Namrup, Assam. The project is estimated to cost Rs 10,601.40 crore and a Debt-Equity ratio of 70:30 through a Joint Venture (JV).
The tentative overall time schedule for the commissioning of the project is 48 months.
Finance Minister Nirmala Sitharaman proposed the establishment of a fertiliser plant in Assam's Namrup on February 1 during her Union Budget 2025 speech.
The Cabinet also approved the National Fertilisers Limited (NFL)'s equity participation of 18% in relaxation to the limits prescribed in Department of Public Enterprises (DPE) guidelines; and constitution of an Inter-Ministerial Committee (IMC) to oversee the process of setting up of Namrup-IV Fertiliser Plant.
The new project will boost India's Urea production capacity and meet the growing demand of Urea fertilisers including Northeast states, Bihar, West Bengal, Uttar Pradesh and Jharkhand.
Continue Reading
