Bhubaneswar, January 5: In 2002 the Talcher Fertilizer Plant of the Fertilizer Corporation of India was closed due to heavy loss faced and the revival was doubtful in 2002 is now set to revive with an investment of Rs. 8,700 crores. The revival of Talcher Fertilizer Plant will be completed by September 2020, was discussed in the meeting which was held on Wednesday.The decision to revive the Talcher Fertilizer Plant came up during the meeting which was chaired by Odisha Chief Secretary A P Padhi . Chief Secretary A P Padhi said that the Gas Authority of India Ltd, Rashtriya Chemical and Fertilizer Ltd, Coal India Ltd and Fertilizer Corporation of India Ltd together would invest capital for the revival of plant.
Scretary Padhi said “the plant would likely to start commercial production by September 2020. Also the plant would require 5 MMT of coal per annum and after it was commissioned would produce 1.2 MMT of fertilizer per annum.”
The revival of Talcher Fertilizer Plant will help in generating new job opportunities for people. The revival of plant will be supported by the government as it is going to provide land, water and road communication for its smooth functioning.
Minister for Petroleum and Natural Gas Dharmendra Pradhan, Secretary A P Padhi and other dignitaries from Gas Authority of India Ltd, Rashtriya Chemical and Fertilizer Ltd, Coal India Ltd and Fertilizer Corporation of India Ltd were present for the discussion about revival of Fertilizer Plant.
Rashtriya Chemicals and Fertilizers, Chairman and Managing Director R. G Rajan said that ““We are investing Rs 8,000 crore to revive the fertilizer complex at Talcher. The company has already received pre-Public Investment Board (PIB) clearance. We now expect final PIB and Cabinet clearance in the next 3-4 months. The project is expected to go on stream by 2018.” He also informed that the Fertilizer Corporation of India will invest Rs.14000 crore over next four years for the expansion of other closed units.
The Talcher Fertilizer Plant will utilize coal gasification technology in order to boost the production of urea. Around 80% stake is held by Gas Authority of India Ltd and 10% by Fertilizer Corporation of India Ltd.