Centre agrees to remove FCI plant from sick list
The Fertilizer Corporation of India’s Ramagundam plant that was declared sick and referred to the Board for Industrial and Financial Reconstruction will be revived soon.
To be removed from sick list
The Union government conceded the request of the State government for removal of FCI’s Ramagundam plant from the BIFR’s list of sick industries and also agreed in principle to establish a gas-based fertilizer plant at Ramagundam with an estimated cost of Rs.5,000 crore with latest technology.
Chief Minister N. Kiran Kumar Reddy who repeatedly represented to the Centre for setting up the plant thanked Prime Minister Manmohan Singh and UPA chairperson Sonia Gandhi for the in-principle agreement.
The proposed gas based plant will be established jointly by National Fertilizers Ltd., Engineers India Ltd., and FCI. The people’s representatives from Karimnagar led by Minister D. Sridhar Babu had met the Chief Minister and urged him to pursue the proposal with the Centre.
Mr. Kiran Reddy also requested the Centre to lay a gas pipeline from KG Basin to Y. Jaypore of Gujarat via Kataram, Karimnagar district, to supply gas to the proposed plant.
Centre agrees in principle to establish the plant with an estimated cost of Rs.5,000 crore with latest technology