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CCEA nods exclusive subsidy policy for Urea produced through coal gasification by Talcher Fertilizers

Newdelhi:20/4/21:The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Tuesday has given its approval for the proposal of the Department of Fertilizers for the formulation of an exclusive subsidy policy for Urea produced through coal gasification route by Talcher Fertilizers Limited (TFL).

TFL is a Joint Venture Company of four PSUs namely Rashtriya Chemicals & Fertilizers (RCF), GAIL (India) Ltd. (GAIL), Coal India Ltd. (CIL) and Fertilizer Corporation of India Ltd. (FCIL) which was incorporated on 13th November 2015.

As per the CCEA statement, considering the strategic energy security and urea self-sufficiency of the country, looking into the country’s vast coal reserves, it has been decided to go ahead with Talcher Fertilizer Limited plant based on coal gasification technology. The project shall improve the availability of fertilizer to farmers thereby boosting the development of the eastern region and will save transport subsidy for the supply of urea in the eastern part of the country.

The project would assist in reducing Urea imports to the tune of 12.7 LMT per annum leading to savings in foreign exchange.

Further, the project will also give a boost to the ‘Make in India’ initiative and AtmaNirbhar’ campaign and would help the development of infrastructure like roads, railways water, etc. providing a major boost to the economy in the eastern part of the country including promoting ancillary industry. The project will also provide new business opportunity in form of ancillary industries in the catchment area of the project.

It needs to be noted that, coal gasification plants are strategically important as coal prices are non-volatile and coal is abundantly available.  Talcher plant shall also reduce dependence on important Natural Gas for the production of urea leading to a reduction in LNG import bill.

Union Minister Dharmendra Pradhan thanked Prime Minister Narendra Modi for the formulation of an exclusive subsidy policy for Urea produced through the coal gasification route by Talcher Fertilizers Limited (TFL).

Pradhan in a tweet said that the landmark decision will help enhance the global competitiveness of our domestic urea sector, boost indigenous production of urea involving environment-friendly processes and help reduce urea imports to the tune of 12.7 LMT per annum.

 

The project shall improve availability of fertilizer to farmers’ thereby boosting the development of eastern region and will save transport subsidy for the supply of urea in the eastern part of the country. It would assist in reducing Urea imports to the tune of 12.7 LMT per annum leading to savings in foreign exchange.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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