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Urea plant coming up in Namrup

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By AT News |

 An urea-ammonia plant is coming up in the state. Courtesy BVFCL.  The public sector fertiliser firm plans to set up the plant with capacity of 8.64 lakh tonnes per annum in partnership with Oil India Ltd (OIL) and state government. The investment amount would be of Rs 4,400 crore.

Brahmaputra Valley Fertilizer Corporation Limited and the Assam government will hold 11 per cent equity each in the joint venture.

But Oil India Ltd will have 26 per cent stake. The remaining 52 per cent stake in the project will be awarded through bidding process to either public or private parties.

All the three parties will be awarded equity in the project on nomination basis and the project will come up at the existing BVFCL premises in Namrup.

The proposal has received preliminary approval of the Planning Commission. The Board for Reconstruction of Public Sector Enterprises has also recommended setting up of a new plant at Namrup. Cabinet Committee on Economic Affairs is expected to consider it very soon.

 

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