PSUs to revive fertilizer plants
Published by Angharad Lock,
Digital Assistant Editor
World Fertilizer,
According to the Business Standard, coal, power and oil PSUs are to invest in four Indian fertilizer plants in order to revive them by 2020-21. It is expected that this revival will add approximately 7.5 million t of capacity.
"India's annual requirement of urea is 31-32 million t. In the fiscal year that ended on March 31 (2016-17), domestic production was 24.5 million t and the rest was imported," said Fertiliser Minister Ananth Kumar.
The country aims to be self sufficient in urea by 2021.
Read the article online at: https://www.worldfertilizer.com/nitrogen/02052017/psus-to-revive-fertilizer-plants/
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