Upcoming Ramagundam fertilizer unit gets Union Cabinet heft
The Hindu
Nod for proposal to extend New Investment Policy incentives
The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi has given its approval for the proposal of the Department of Fertilizers for extension of applicability of New Investment Policy (NIP)-2012 incentives for the upcoming Ramagundam Fertilizers and Chemicals Limited (RFCL) plant in TS on Wednesday. RFCL is a joint venture company consisting of National Fertilizers Limited (NFL), Engineers India Limited (EIL) and Fertilizers Corporation of India Limited (FCIL) incorporated on Feb.17/2015 to revive the erstwhile Ramagundam unit of FCIL by setting up a new gas-based green field neem-coated urea plant with the installed capacity of 12.7 lakh metric tonnes per annum (LMTPA) at an estimated cost of ₹6,165.06 crore. Gas to RFCL plant is supplied by GAIL through the MBBVPL (Mallavaram-Bhopal-Bhilwara-Vijaipur Gas Pipeline) of GSPL India Transco Limited (GITL). The state-of-the-art gas based plant is part of the initiative taken by the government to revive the closed urea units of FCIL/Hindustan Fertilizers Corporation Limited (HFCL) to achieve self- sufficiency in urea sector, said an official release.
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