State-owned Rashtriya Chemicals & Fertilizers Ltd (RCF) said it will start work on the coal gasification-based fertilizer plant at Talcher in Odisha by the end of the month. The Cabinet on Wednesday approved the proposal of the Department of Fertilizers for equity investment of Rs 1033.54 crore for setting up the fertilizer project in Talcher Fertilizer Ltd (TFL) by RCF.
“Prime Minister Narendra Modi will lay the foundation stone of the fertilizer unit on September 22. The unit will have urea production capacity of 12.7 lakh tonne per annum,” said Umesh Dhatrak, MD and chairman of RCF.
Dhatrak said that the revival of the Talcher fertilizer plant, which has been shut since 2002, will create new job opportunities in the region.
“The revival of the Talcher project will ensure huge investment in the fertilizer sector from the government through PSUs. This will create job opportunities and also boost the economy of the state and the eastern region. The revival of the fertilizer unit will also ensure increase in indigenous production of urea leading to greater self-reliance in urea,” said a government release.
The TFL is a joint venture between GAIL, Coal India Ltd (CIL), RCF and Fertilizer Corporation of India Ltd (FCIL). It was incorporated in November, 2015, with shareholding of 29.67% of GAIL, RCF and CIL each, and 10.99% of FCIL to revive the fertilizer plant.