Five Units of the Fertilizer Corporation of India Limited (FCIL) and three units of Hindustan Fertilizer Corporation Limited (HFCL) in the public sector are lying closed. The installed capacity of these closed units was approximately 2.28 Million Metric Ton.
In addition, one urea unit in the private sector viz. Duncan Industries Ltd. (DIL) Kanpur is currently closed due to financial constraints as reported by the company. Further, the urea unit of Fertilizers & Chemicals Travancore (FACT), Cochin has also been closed down.
A proposal for revival of the closed units of HFCL & FCIL was submitted for consideration of Cabinet Committee on Economic Affairs (CCEA) proposing revival of the three closed units namely Sindri, Ramagundam, Talcher units of FCIL on Nomination basis through the consortium of the Public Sector Undertakings (PSUs) and five closed units namely Gorakhpur, Korba of FCIL and Durgapur, Haldia, Barauni of HFCL through Bidding process. The CCEA has approved the proposal in its meeting held on 4th August, 2011 with the stipulation that Board for Industrial and Financial Restructuring (BIFR) proceedings be expedited and thereafter, the matter including changes, if any required in bid parameters, be placed before the Committee for a final decision.
This information was given by the Minister of State for Chemicals and Fertilisers, Shri Srikant Kumar Jena in a written reply in the Rajya Sabha today.
In addition, one urea unit in the private sector viz. Duncan Industries Ltd. (DIL) Kanpur is currently closed due to financial constraints as reported by the company. Further, the urea unit of Fertilizers & Chemicals Travancore (FACT), Cochin has also been closed down.
A proposal for revival of the closed units of HFCL & FCIL was submitted for consideration of Cabinet Committee on Economic Affairs (CCEA) proposing revival of the three closed units namely Sindri, Ramagundam, Talcher units of FCIL on Nomination basis through the consortium of the Public Sector Undertakings (PSUs) and five closed units namely Gorakhpur, Korba of FCIL and Durgapur, Haldia, Barauni of HFCL through Bidding process. The CCEA has approved the proposal in its meeting held on 4th August, 2011 with the stipulation that Board for Industrial and Financial Restructuring (BIFR) proceedings be expedited and thereafter, the matter including changes, if any required in bid parameters, be placed before the Committee for a final decision.
This information was given by the Minister of State for Chemicals and Fertilisers, Shri Srikant Kumar Jena in a written reply in the Rajya Sabha today.
