ECONOMY

PM Modi in Jharkhand: PM Modi launches rail, power, coal projects worth over Rs 26,000 cr in Jharkhand


Prime Minister Narendra Modi on Friday launched rail, power, coal projects worth over Rs 26,000 crore in Jharkhand. Moreover, the PM dedicated the revived Sindri fertiliser plant, managed by Hindustan Urvarak and Rasayan Limited.

PM Modi laid the foundation stone of of several rail projects worth more than Rs 17,600 crore in the state. This includes Deoghar – Dibrugarh train service, MEMU Train Service between Tatanagar and Badampahar (Daily) and long-haul freight train from Shivpur station.

The PM dedicated this plant in the presence of the Jharkhand Governor, Chief Minister; and Union Minister for Chemicals and Fertilizers Mansukh Mandaviya, as per a ministry release.

“In 2018, I had come to lay the foundation stone of this (Sindri) fertiliser plant. Today, not only the Sindri plant has started but thousands of new job opportunities for the youth of country and Jharkhand have also started,” he said.

PM Modi further said, “Today, Jharkhand has received a gift of projects worth over Rs 35,000 crore. I want to congratulate our farmer brothers, people of Tribal society and people of Jharkhand for these projects.”

Hindustan Urvarak and Rasayan Limited (HURL) is a joint venture company of public sector undertakings (PSUs) namely, National Thermal Power Corporation Ltd (NTPC), Indian Oil Corporation Ltd (IOCL), Coal India Ltd (CIL) and FCIL/HFCL, which was incorporated on June 15, 2016, which revived Sindri fertilizer unit by setting up a new ammonia-urea plant with an installed capacity of 12.7 lakh tonne per annum.The Sindri Plant started urea production on November 5, 2022.HURL was entrusted with the responsibility of setting up a new ammonia-urea plant at Sindri with a capacity of 2,200 TPD ammonia and 3850 TPD neem coated urea, with an investment of Rs 8,939.25 crore and equity participation of 29.67 per cent each by NTPC, IOCL and CIL and 11 per cent by FCIL, the Ministry added.

Setting up the gas-based Sindri Plant was part of the initiatives taken by the government to revive the closed urea units of Fertiliser Corporation of India Ltd. (FCIL) and Hindustan Fertilisers Corporation Ltd (HFCL) in order to achieve self-sufficiency in urea sector.

India imports a sizable portion of its fertiliser needs. Revival of closed units of FCIL and HFCL had been the top priority agenda of the present government.

The Sindri plant will add 12.7 lakh tonne per annum of indigenous urea production in the country and help to realise the vision of ‘Atmairbharta’. The foundation stone of the Sindri project was laid by the Prime Minister on May 25, 2018.

“The plant would ensure adequate supply of urea to the farmers in the state of Jharkhand as well as West Bengal, Odisha, Chhatisgarh, Madhya Pradesh and Bihar,” the ministry asserted.


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