India will invest Rs 50,000 crore to revive four mothballed fertilizer plants and extend a gas-pipeline grid to its eastern half, helping obviate the need to import urea and build the energy backbone of a mineral-rich area that trails the country’s more affluent neighbourhoods in gross economic output.

“With the revival of the fertilizer projects in Gorakhpur (Uttar Pradesh), Barauni (Bihar), Sindri (Jharkhand) and Talcher (Odisha), an additional annual production capacity of 75 lakh tonne would be created, making India self-reliant in meeting the annual domestic demand of around 320 lakh tonne, from being a net importer currently,” Fertilizer minister Ananth Kumar said in a press statement in New Delhi. The investments will be made by 2020-21.

http://economictimes.indiatimes.com/industry/indl-goods/svs/chem-/-fertilisers/india-to-invest-rs-50000-crore-to-revive-four-mothballed-fertilizer-plants/articleshow/58403537.cms

About news

We take care of publishing the latest investment news and highlights for Feedback

Leave a Reply

Your email address will not be published. Required fields are marked *