New Delhi, Feb 10: The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi right this moment accorded approval to the proposal of the Department of Fertilizers for Grant-in-aid of Rs.100 crore to Brahmaputra Valley Fertilizers Corporation Limited (BVFCL), Namrup (Assam) to maintain operations of it is urea manufacturing items.
BVFCL, Namrup is a Public Sector Undertaking fashioned as per Companies Act, underneath the executive management of the Department of Fertilizers (DoF), Government of India. At current, the Company is working its two classic vegetation viz. Namrup-ll and Namrup-lll within the premises of BVFCL in Namrup, Assam. Despite being the primary fuel based mostly urea manufacturing unit in India and having all of the infrastructure and feedstock availability, it has been troublesome to keep cheap manufacturing degree from the prevailing items in a value efficient method as a result of of their outdated & out of date expertise. In order to make sure the protected, sustainable and financial operation of the vegetation, sure gear and machineries want to get replaced/overhauled.
The minimal useful restore to be undertaken for smoother operation of the vegetation with procurement of mechanical, electrical, instrumentation and catalyst objects and many others. shall appeal to an estimated expenditure of Rs.100 crores and subsequently, Gol authorized Grant in Aid of Rs. 100 crores to BVFCL.
BVFCL is located at North-Eastern half of India, which performs an vital function of financial progress within the area. The grant in help of Rs. 100 crore to BVFCL will restore the urea manufacturing capability of 3.90 Lac MT every year and guarantee well timed availability of Urea to Tea Industry & Farming Sector in the complete North Eastern area specifically Assam.
It may also proceed the prevailing employment of about 580 staff on everlasting foundation and one other 1500 individuals on ad-hoc foundation. Further, 28000 individuals get advantages not directly by this institution. This may also strengthen the ‘ATMA NIRBHAR BHARAT marketing campaign of the Government of India.