9000 Cr. for 2 joint ventures for Talcher Urea Plant in Odisha Along with Shri Dharmendra Pradhan, Hon’ble Minister for Petroleum & Natural Gas and Secretary Fertilizers J K Mohapatra, announced that the state-owned Coal India Ltd, gas utility GAIL India and fertilizers majors RCF and FCIL will form two joint ventures for revival of Talcher urea plant in Odisha at a cost of Rs 9,000 crore. The first JV will be for setting up of an upstream coal gasification unit and the second JV part involves setting up of a urea-cum-ammonia nitrate complex. “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. This will be the first plant in the country using coal gasification technology and the first greenfield plant in the fertiliser sector in almost last decade. Work is also going on to revive the Ramagundam fertiliser plant; in addition there are also plans to set up 2-3 fertiliser plants near Jagdishpur-Haldia gas pipeline. The Board for Industrial and Financial Reconstruction (BIFR) had de-registered FCIL on June 27, 2013, thus paving the way for revival of its closed urea plants. This happened after the government approved the proposal to revive five closed units of FCIL at Sindri, Talcher, Ramagundam, Gorakhpur and Korba. It also approved the waiver of loan and interest amounting to Rs 10,644 crore to FCIL last year.