New Delhi, Jul 28: The process to revive the sick Ramagundam fertiliser plant in Telangana at an estimated cost of Rs 6,000 crore is underway and it will be commissioned by 2018-19, Fertiliser Minister Ananth Kumar said today. “The Ramgundam Fertiliser Plant will be commissioned within 36 months. It is being revived at a cost of Rs 6,000 crore. It will have a urea capacity of 13 lakh tonnes, which will be a bonanza for Telangana people and the entire south India,” Kumar said during Question Hour in the Rajya Sabha. Also Read - School Reopening News: Classes to Resume in Telangana From Feb 1, State Issues Guidelines
The project to revive Ramagundam fertilizer unit, located about 240 kms away from Hyderabad, is part of the NDA government’s revival plan of Fertiliser Corporation of India Ltd (FCIL) closed units. Production of urea and ammonia has been suspended from 1999 due to non-viability of economic operations. The plant is being revived by a joint venture firm formed by the National Fertiliser Ltd (NFL), Engineering India Ltd (EIL) and FCIL, the Minister said. NFL would have 25 per cent equity share. The talks are in process with SBI Capital as well as the Telangana government for holding 11 per cent equity each in the JV firm, Kumar said.(Also Read: Narendra Modi lays foundation stone for Gorakhpur urea plant revival) Also Read - Top News Headlines From Andhra Pradesh & Telangana: CM Rao Suffers Chest Infection; NIT Warangal Distributes Over 100 Free Laptops; more
Replying to a query raised by Congress member Govardhan Reddy whether the 3,450 former workers would be re-employed once the plant gets revived, the Minister said “The JV that has been formed will take administrative decisions.” Kumar said the revival of this plant would generate more than 4,000 employment opportunities directly and indirectly in the state. The plant will be based on natural gas as feed stock coming from proposed Mallavaram-Bhilwara pipeline and raw water will be fed from Sripada Yellampally Barrage already built on Godavari river. Also Read - Telangana Govt School Students Make 'Zero Waste' Sanitary Napkins, Call It 'Stree Raksha Pads'