PSUs to form 2 JVs for revival of Talcher fertiliser plant: Fertliser Minister Ananath Kumar.

State-owned companies like RCF and GAIL will form two joint ventures to revive the closed urea plant at Talcher in Odisha with an estimated investment of Rs. 9,000 crore, Fertliser Minister Ananath Kumar said recently. Rashtriya Chemicals and Fertilizers, Coal India GAIL and Fertilizer Corporation of India will form the joint ventures. The first joint venture (JV) will be for setting up of an upstream coal gasification unit and the second JV is for an urea-cum-ammonia nitrate complex. Talcher will be the first plant in the country using coal gasification technology. "The plant will have a capacity of 1.3 million tonnes per annum of urea and 3.3 lakh litres of ammonia nitrate per annum and around Rs. 9,000 crore will be invested in this project with an aim of generating employment," Kumar told reporters. He added that signing of a Memorandum of Understanding (MoU) between PSUs will be held before November.