Four Public Sector Undertakings (PSUs) on 23 December 2014 signed joint venture agreements to set up an integrated coal gasification-cum-fertiliser and ammonium nitrate complex in Talcher, Odisha.
GAIL (India) Ltd, Coal India Ltd (CIL), Rashtriya Chemicals and Fertilizers (RCF) and Fertilizer Corporation of India (FCI) singed joint venture agreements.
The integrated coal gasification-cum-fertiliser and ammonium nitrate complex will be set up with an estimated combined investment of 9000 crore rupees.
The execution of construction activities of the projects will start in 2015-16 and expected to complete by 2019.
Highlights of the Joint venture agreements
• First Joint Venture (JV) GAIL Coal Gas (India) led by GAIL will set up the Upstream Coal Gasification and Gas Purification section for production of Ammonia Syn Gas for downstream fertilizer unit. The JV will invest around 3000 crore rupees.
• Second JV Talcher Chemicals & Fertilizers led by Rashtriya Chemicals & Fertilizers (RCF) will set up Ammonia-Urea, Nitric Acid-Ammonium Nitrate plants. The JV will be initiated with an estimated investment of 6000 crore rupees and majority stake will be held by RCF & CIL.
• The overall project comprises of 3850 MTPD Urea plant, 2700 MTPD Ammonia plant, 850 MTPD Nitric Acid plant and 1000 MTPD Ammonium Nitrate plant.
• The entire project will produce 3850 tonne of urea, 2700 tonne of ammonia, 850 tonne of nitric acid and 1000 tonne of ammonium nitrate per day respectively.
When: 23 December 2014