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Union Cabinet approves Rs 1033.54 crore for Coal Gasification-based fertiliser project in Talcher

Bhubaneswar: The Union Cabinet Committee on Economic Affairs today approved a proposal for equity investment of over Rs 1033.54 crore for setting up Coal Gasification based fertiliser project in Talcher Fertiliser Ltd.

The Cabinet meeting chaired by Prime Minister Narendra Modi approved the proposal of the Department of Fertilizers for the investment of Rs 1033.54 crore (+ ) @ 29.67% of the total project cost for setting up a Coal Gasification based fertilizer project in Talcher Fertilizer Ltd. (TFL) by Rashtriya Chemicals & Fertilizers Limited (RCF).

Prime Minister Modi is scheduled to lay the foundation stone for the revival of the fertiliser unit on September 22.

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