Centre releases Rs 100 cr for Assam fertilizer plant

by IANS |

Guwahati, Nov 10 (IANS) Hours after Assam Chief Minister Himanta Biswa Sarma met Union Minister of Chemicals and Fertilizers, Mansukh Mandaviya, in New Delhi on Tuesday, the Centre released Rs 100 crore for the revival of the Brahmaputra Valley Fertilizers Corporation Limited (BVFCL), officials said here.

The officials said the Rs 100 crore package would facilitate the revival of Units II and III of the BVFCL at Namrup in Dibrugarh district.

Thanking the Union Minister, Sarma tweeted: "This (financial aid) will help revive BVFCL, benefitting our economy."

BVFCL is a public sector undertaking (PSU) formed as per the Companies Act under the administrative control of the Department of Fertilizers of the Central government. Currently, it is operating its two vintage plants -- Namrup-ll and Namrup-lll.

The Central government's financial assistance of Rs 100 crore to BVFCL is expected to restore its urea production capacity of 3.90 lakh MT per annum and ensure timely availability of urea to the tea industry and agricultural sector in the entire northeastern region, especially in Assam.

The BVFCL has 580 employees on a permanent basis and another 1,500 on adhoc basis.

Latest News
Cambodia bans travellers from 10 African countries to check Omicron variant Tue, Nov 30, 2021, 03:29 PM
Australian scientists establish platform to combine human, machine intelligence Tue, Nov 30, 2021, 03:25 PM
Africa's Covid cases near 8.64 mn Tue, Nov 30, 2021, 03:20 PM
Cambodia allows entertainment venues in capital to reopen Tue, Nov 30, 2021, 03:02 PM
Blast rocks Afghan capital Kabul, no casualties confirmed Tue, Nov 30, 2021, 03:00 PM
After announcing amnesty, Taliban hunt down Afghan security forces Tue, Nov 30, 2021, 02:57 PM
MHA asks states/UTs for rigorous screening of int'l passengers Tue, Nov 30, 2021, 02:55 PM
Blood groups A, B and Rh+ are more prone to Covid: Study Tue, Nov 30, 2021, 02:37 PM
Australian researchers shed light on Sun's role as water source Tue, Nov 30, 2021, 02:36 PM
No case of Omicron variant detected in India so far: Mandaviya Tue, Nov 30, 2021, 02:34 PM
Australian researchers shed light on Sun's role as water source Tue, Nov 30, 2021, 02:32 PM
Mayawati promises to 'take care' of all castes if voted to power Tue, Nov 30, 2021, 02:29 PM
Astronomers discover more than 300 possible new exoplanets Tue, Nov 30, 2021, 02:28 PM
Pakistan crush Bangladesh by eight wickets; take 1-0 lead in Test series Tue, Nov 30, 2021, 02:27 PM
Strict guidelines virtually rule Perth out for fifth Ashes Test Tue, Nov 30, 2021, 02:25 PM