The MoU was signed in the presence of Petroleum Minister M. Veerapa Moily, Coal Minister Sriprakash Jaiswal and Minister of State for Chemicals and Fertilizers Srikant Jena.
Jena said the plant would be revived by the consortium of four public sector copanies at an estimated cost of about Rs.8,000 crore, the statement said.
The project would produce 1.2 million tons per annum (MTPA) of urea and ammonium Nitrate, while CIL shall supply about 5 MTPA of coal for the project, the release said.
FCIL, a multi-unit fertilizer undertaking under the Department of Fertilizers with units at Sindri, Talcher, Ramagundam, Gorakhpur and Korba, closed its Talcher unit in September 2002.
A revival process was started by the government and the cabinet approved the proposal for revival of closed units of FCIL in April 2007, the release said.
According to the ministry, the project, expected to be commissioned by 2017, will not only reduce the dependence on imported urea but shall also utilize indigenously available feedstock.
--IANS (Posted on 05-09-2013)