Latest GK GS

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Cabinet approved Concession Agreements & Land Lease Agreements for revival of units

 

 

Union Cabinet approved Concession Agreements & Land Lease Agreements for revival of units: Details, Highlights

The Union Cabinet approved the proposal to provide land on lease to Hindustan Urvarak & Rasayan Limited (HURL).

The cabinet also approved to provide the Concession Agreements & Land Lease Agreements for the revival of Gorakhpur & Sindri units of

Fertilizer Corporation of India Limited (FCIL) and Barauni unit of Hindustan Fertilizer Corporation Limited (HFCL) by HURL.

The approval also authorised the Inter-Ministerial Committee (IMC) to approve Substitution Agreements and approve other agreements, if any, to be signed between FCIL/HFCL and HURL for the three projects at Gorakhpur, Sindri, and Barauni.

The revival of Gorakhpur, Sindri and Barauni units of FCIL/HFCL will ensure substantial investment in the fertilizer sector. 

These units will act as anchor customer to Jagdishpur-Haldia Pipeline (JHPL) gas pipeline that is being laid for the development of critical infrastructure in Eastern India. 


 

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