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The Union government has agreed in-principle to revive the Fertiliser Corporation of India's (FCI) urea production plant at Ramagundam in Karimnagar district. The plant had become sick and referred to the Board for Industrial and Financial Reconstruction in 1992.
The Centre has agreed to establish a gas-based fertiliser plant, replacing the coal-based FCI unit, at an estimated cost of Rs 5,000 crore, according to an official press release here on Thursday.
Chief minister, N Kiran Kumar Reddy, is stated to have urged the Centre to set up the plant following a representation made to him by a delegation led by civil supplies minister, D Sridhar Babu, who hails from Karimnagar district.
The chief minister also requested the Centre to lay gas pipeline from the K-G Basin to Gujarat via Karimnagar district so as to supply gas to the proposed plant.
The proposed fertiliser unit, the press release stated, will be established jointly by National Fertilisers Limited, Engineers India Limited and FCI.
