The Board for Industrial and Financial Reconstruction (BIFR) has given the nod for revival of three closed urea units of the Fertilizer Corporation of India Ltd. (FCIL) the joint venture/special purpose vehicle (SPV) route by the nominated state-run firms, Minister of State for Fertiliser Srikant Kumar Jena said here on Friday.
Last month, the Cabinet Committee on Economic Affairs had approved the revival of the Talcher urea plant along with four other closed units of FCIL at Sindri, Ramagundam, Gorakhpur and Korba.
The Talcher unit in Odisha will be revamped by Coal India and Rashtriya Chemicals & Fertilizers (RCF), the Sindri unit in Jharkhand by the Steel Authority of India and National Fertilizers, and the Ramagundam unit in Andhra Pradesh by Engineers India and National Fertilisers, he said.
