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PM Narendra Modi lays foundation stone for revival of Gorakhpur fertiliser unit

The revival of the plant, undertaken by a joint venture between Coal India Limited (CIL) and NTPC Limited, entails an investment of Rs 6,000 crore

Prime Minister Narendra Modi at Gorakhpur
Prime Minister Narendra Modi at Gorakhpur
BS B2B Bureau New Delhi
Last Updated : Aug 04 2016 | 11:34 AM IST
The Prime Minister Narendra Modi on July 22, 2016 unveiled the foundation stone at Gorakhpur (Uttar Pradesh) for the revival of gas-based fertiliser plant, implemented by Hindustan Urvarak Rasayan Limited - a joint venture between Coal India Limited (CIL) and NTPC Limited. The revival of the plant, entailing an investment of Rs 6,000 crore, is in the equity pattern of 50 percent each between both the entities. 

Stating that it was unacceptable for fertiliser plants to be shut and youth not to have jobs, even as fertiliser is imported from abroad, the Prime Minister said, “The development of eastern India is essential, for the balanced development of the country.” He added that the reopening of the fertiliser unit can ignite an industrial transformation in the state.

This initiative would help the farming community getting urea timely and usher in a new era of rural progress and prosperity in the country especially in the eastern parts. This is in harmony with Government of India’s commitment to empower farmers, increase agricultural income and accelerate rural development. 

The revitalisation of this plant would help generate 1.27 million tonne per annum of urea along with other associated chemicals from each plant, bridging the demand supply gap of urea. The other positive consequence would be employment generation opportunities locally. 

The gas would be made available through the proposed Jagdishpur-Haldia pipeline to be constructed by Gail. 

Earlier on May 16, 2016, CIL and NTPC Limited have formally inked the joint venture agreement for the revival of the fertiliser plant. 

The Prime Minister also unveiled plaques for the foundation stones of AIIMS hospital in Gorakhpur.

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First Published: Jul 25 2016 | 12:27 PM IST

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