MSP Procurement extended till July 8; 6.18 Lakh PMAY-G houses cleared for UP (See 'Corp Brief') ICAR and APEDA Sea Protocol cuts Mango Export Cost (See 'Corp Brief') APEDA facilitates First Shipment of Premium Banganapalle Mangoes to Singapore (See 'Corp Brief') Cooperative banks must adopt modern tech platforms to remain relevant: Secy (See 'Corp Brief') APEDA facilitates First Biscuit Export Shipment from Varanasi to Oman (See 'Corp Brief') FEMA - Statutory protection under Section 6(4) cannot be invoked to legitimise unexplained or inadequately accounted foreign exchange transactions: SAFEMA (See 'Legal Desk') Vande Mataram Camp commences at Brainware University, West Bengal (See 'Corp Brief') Digitalization no longer a Choice, but Steel Sector's Survival Strategy: Kumaraswamy (See 'Corp Brief') IP 2026 establishes Standards for Blood and Blood Components (See 'Corp Brief') Ministry of Coal organises BRICS Side Event on Clean Coal Technologies (See 'Corp Brief') SEBI - Failure to file Quarterly Activity Reports for multiple consecutive quarters constitutes violation of regulatory framework & attracts consequences prescribed under Regulation 35 of AIF Regulations, 2012: SEBI (See 'Legal Desk') 100 Startups from 22 States complete Export-Focused Acceleration Programme (See 'Corp Brief') MoS pitches 'BRICS Space Economy' (See 'Corp Brief') IPC successfully conducts Training on Ethylene Glycol & DEG in Preparations by Gas Chromatography (See 'Corp Brief') Unlocking Potential of Idle Financial Assets in India (See 'Corp Brief') SARFAESI - In absence of any adjudication by the DRT in determining the debt, statutory scheme permits reliance upon claim made by secured creditor for purpose of fixing pre-deposit: HC (See 'Legal Desk') CCI okays acquisition of shares in Nxtra Data by Alpha Wave Ventures (See 'Corp Brief') CCI okays acquisition of 21% voting interest in Astemo Ltd. by Honda Motor (See 'Corp Brief') FEMA - Claims & liabilities pertaining to periods prior to approval of resolution plan, which do not survive under approved plan, are extinguished & cannot be enforced: SAFEMA (See 'Legal Desk') Special Drive launched for expeditious Disposal of Long-Pending Labour Cases (See 'Corp Brief') Amit Shah to launch NAFED's auction portal 'NAFEX.in' (See 'Corp Brief') SEBI - A judicial pronouncement cannot ordinarily be modified or reviewed through post-disposal miscellaneous application; Tribunal becomes functus officio upon disposal of appeal: SAT (See 'Legal Desk') Railways approves Kavach Deployment Worth Rs.270 Crore on East Coast (See 'Corp Brief') DIBD and AISF sign MoU to promote Language Technology and Multilingual Innovation in Assam (See 'Corp Brief') IPR - Injunction allowed as defendant's adoption of marks is not honest or bona fide; marks are deceptively similar to plaintiff's registered trademark, such that an average consumer with imperfect recollection would likely be confused: HC (See 'Legal Desk') NMDC accelerates Digitalisation and Sustainable Mining to support 100 MTPA Vision (See 'Corp Brief') Union Minister sanctions over 42,000 houses in MP; 38,000 families perform grih pravesh (See 'Corp Brief') A&C - Where a Section 34 court has already examined the award, a possible alternative interpretation of the contractual clause is insufficient to justify interference: HC (See 'Legal Desk') Tech Innovation and disruption in Construction Industry (See 'CORP EINSICHT') Union Minister reviews Power Sector and Urban Development Schemes with Jharkhand Govt (See 'Corp Brief') APEDA facilitates First Export of fresh Uttarakhand Litchi to Italy (See 'Corp Brief') Trade Marks - Quasi-judicial authority cannot validly base its decision on grounds that were not specifically disclosed in SCN, thereby depriving noticee of an effective opportunity to respond: HC (See 'Legal Desk') Nadda calls for Push towards a TB-Free India (See 'Corp Brief') India must take control of security-related necessities to remain future-ready: RM (See 'Corp Brief') A&C - Financial hardship cannot justify payment of disputed amount linked to fulfilment of deliverable-based obligations: HC (See 'Legal Desk')

Chinese firm Wuhuan bags coal gastification contract from Talcher Fertilizers

Published: Sep 18, 2019

By TIOLCORPLAWS News Service

NEW DELHI, SEPT 18, 2019: Talcher Fertilizers Ltd (TFL) has awarded a Lump Sum Turn Key (LSTK) contract for Coal Gasification Plant PF Talcher Fertilizers Limited to M/s Wuhuan Engineering Co. Ltd, China as a part of measures to revival closed units of Fertilizer Corporation of India Ltd. (FCIL) and Hindustan Fertilizers Corporation Ltd (HFCL). The Government has mandated Talcher Fertilizers Ltd (TFL), a Joint Venture Company of RCF, GAIL, CIL, and FCIL to revive the Talcher unit of FCIL with an estimated investment of Rs. 13,277 crores with production capacity of 1.27 MMTPA of Neem coated Urea through coal gasification technology. TFL has also been allotted Northern part of North Arkhapal mine as captive mine for meeting its coal requirements.

Minister for Chemicals and Fertilisers, Mr D V Sadananda Gowda, Minster for Petroleum & Natural Gas and Steel, Shri Dharmendra Pradhan, Secretary (Fertilizers), Mr Chhabilendra Roul, presided over this contract award ceremony.

Speaking on the occassion, Minister for Chemicals and Fertilisers, Mr D V Sadananda Gowda said that TFL is implementing this project based on Coal Gasification Technology, being first of its kind in India. The Plant shall use a blend of coal and petcoke as feedstock for production of urea. Coal for this project shall be sourced from captive Northern part of North Arkhapal mine in Talcher region allotted to TFL and Petcoke shall be sourced from Paradip Refinery. This project will promote use of abundantly available domestic coal in an environment friendly manner. Success of this technology shall also propel usage of coal for production of other chemical products. The project shall improve India's self-sufficiency in Urea; promote agriculture growth and availability of Urea to farmers of Odisha. This initiative would propel India towards self-reliance in the Urea sector through efforts under "Make in India" in addition to generating direct and indirect employment of about 4,500.

The ‘Inauguration of Works' of the project has already been done by the Prime Minister Modi in September Last year and since then TFL is executing many of the pre project activities. Further tendering process for other major packages is also underway and it is expected that majority of the tenders shall be awarded before end of this FY.

TIOL CORP SEARCH

TIOL GROUP WEBSITES