Prospects brighten for revival of Talcher FCI unit

Bhubaneswar: The revival of Fertiliser Corporation of India Ltd’s (FCIL) Talcher unit, which was closed since 1999 following huge losses brightened after the Board for Industrial and Financial Reconstruction (BIFR) recently de-registered FCIL from it.

Informing this Srikant Kumar Jena, Minister of State (I/C) for Chemicals & Fertilizers and Statistics & Programme Implementation said BIFR has given an order for de-registration of the FCIL from BIFR and the company is out of BIFR now.

BIFR’s decision has paved the way for revival of Talcher unit in Odisha, Ramagundam unit in Andhra Pradesh and Sindri unit in Jharkhand, added Jena.

He said a consortium of Coal India Ltd (CIL), Rashtriya Chemicals & Fertilizers Ltd (RCF) and Gas Authority of India Ltd (GAIL) would invest around Rs 8000 crore to revive the unit.

While RCF has already started the bidding process for setting up of coal gasification and gas purification plant at Talcher, the LSTK bids for Ammonia & Urea Plants shall also be invited soon, informed Jena.

After revival, the plant would produce around 13 lakh tonnes of urea per annum.

It may be noted Talcher fertilizer plant earlier functioned under the aegis of Fertiliser Corporation of India (FCI) and was closed since 1999 after suffering huge losses. The unit was producing 700 to 800 tonnes of urea per day before being shut down.