New Investment Policy Boosts Urea Production and Self-Sufficiency
ECONOMY & POLICY

New Investment Policy Boosts Urea Production and Self-Sufficiency

The government introduced the New Investment Policy (NIP) – 2012 on January 2, 2013, with an amendment on October 7, 2014, to attract fresh investments in the urea sector and achieve self-sufficiency in production. Under this policy, six new urea units have been established, including four set up through joint ventures by public sector undertakings (PSUs) and two by private companies. The joint venture units include the Ramagundam Urea plant of Ramagundam Fertilisers and Chemicals Ltd. (RFCL) in Telangana, along with the Gorakhpur, Sindri, and Barauni units of Hindustan Urvarak & Rasayan Limited (HURL) in Uttar Pradesh, Jharkhand, and Bihar, respectively. The private sector units include the Panagarh Urea plant of Matix Fertilisers and Chemicals Ltd. in West Bengal and the Gadepan-III Urea unit of Chambal Fertilisers and Chemicals Ltd. in Rajasthan. 

Each of these units has an installed capacity of 1.27 million metric tonnes per annum (MMTPA) and is equipped with advanced, energy-efficient technology. Collectively, they have added 76.2 LMTPA to India's urea production capacity, increasing the total from 207.54 LMTPA in 2014-15 to 283.74 LMTPA in 2023-24. 

Additionally, the government has implemented the Nutrient-Based Subsidy (NBS) Policy for phosphatic and potassic (P&K) fertilisers since April 1, 2010. Under this policy, a fixed subsidy amount, determined annually or biannually, is provided on notified P&K fertilisers based on their nutrient content. As the P&K sector is deregulated, fertiliser companies are free to set market-driven prices and make investments accordingly. 

This information was shared by Union Minister of State for Chemicals and Fertilisers, Smt. Anupriya Patel, in a written reply to a question in the Rajya Sabha. 

(PIB) 
               

The government introduced the New Investment Policy (NIP) – 2012 on January 2, 2013, with an amendment on October 7, 2014, to attract fresh investments in the urea sector and achieve self-sufficiency in production. Under this policy, six new urea units have been established, including four set up through joint ventures by public sector undertakings (PSUs) and two by private companies. The joint venture units include the Ramagundam Urea plant of Ramagundam Fertilisers and Chemicals Ltd. (RFCL) in Telangana, along with the Gorakhpur, Sindri, and Barauni units of Hindustan Urvarak & Rasayan Limited (HURL) in Uttar Pradesh, Jharkhand, and Bihar, respectively. The private sector units include the Panagarh Urea plant of Matix Fertilisers and Chemicals Ltd. in West Bengal and the Gadepan-III Urea unit of Chambal Fertilisers and Chemicals Ltd. in Rajasthan. Each of these units has an installed capacity of 1.27 million metric tonnes per annum (MMTPA) and is equipped with advanced, energy-efficient technology. Collectively, they have added 76.2 LMTPA to India's urea production capacity, increasing the total from 207.54 LMTPA in 2014-15 to 283.74 LMTPA in 2023-24. Additionally, the government has implemented the Nutrient-Based Subsidy (NBS) Policy for phosphatic and potassic (P&K) fertilisers since April 1, 2010. Under this policy, a fixed subsidy amount, determined annually or biannually, is provided on notified P&K fertilisers based on their nutrient content. As the P&K sector is deregulated, fertiliser companies are free to set market-driven prices and make investments accordingly. This information was shared by Union Minister of State for Chemicals and Fertilisers, Smt. Anupriya Patel, in a written reply to a question in the Rajya Sabha. (PIB)                

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?