Prime Minister Narendra Modi unveils
foundation stone for revival of fertilizer unit at Gorakhpur:-
Prime Minister Narendra Modi on 22 July 2016 unveiled the
foundation stone for the revival of gas based Gorakhpur Fertilizer Plant at
Gorakhpur, Uttar Pradesh.
The plant
is implemented by Hindustan Urvarak Rasayan Limited, which is a joint venture
between the Coal
India Limited (CIL) and
the NTPC Limited.
The
revival of the plant entails an investment of 6000 crore rupees in the equity
pattern of 50 per cent each between both the Central Public Sector Enterprises.
How the revival of Gorakhpur Fertilizer Plant will help the
farmers?
• The revival of the plant will help the
farming community getting urea timely.
• It will usher in a new era of rural progress
and prosperity in the country especially in the eastern parts of the country.
• The revitalization of these plants will 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 output will be employment
generation opportunities locally.
• The gas will be made available through the
proposed Jagdishpur-Haldia pipeline to be constructed by GAIL.
• Earlier on 16 May 2016, CIL and NTPC Limited
have formally inked the Joint Venture agreement for the revival of the
fertilizer plant.
