Veep to inaugurate Conference on ‘Co-operative Federalism and Law Reforms' (See 'Corp Brief') A&C - Arbitrator has wide discretion u/s 31(7) of Arbitration Act to award pre-reference, pendente lite, and post-award interest at such rate as it deems reasonable: HC (See 'Legal Desk') Chouhan to launch 'Khet Bachao Abhiyan - Rabi 2026' today (See 'Corp Brief') IBC - Right to withdraw CIRP application u/s 12A is governed by provisions in force on date when complete Form FA is submitted to IRP: NCLT (See 'Legal Desk') CSIR-NIScPR successfully concludes Two-Week Skill Training Programme on Library Automation (See 'Corp Brief') India, Saudi Arabia discuss bilateral Electrical Interconnection Initiative (See 'Corp Brief') DRI seizes 13 kg foreign-origin gold worth around Rs. 19.41 crore (See 'Corp Brief') PMLA - Statutory twin conditions under Section 45 of the Act can override the fundamental constitutional safeguards of personal liberty under Article 21 of the Constitution: SC (See 'Legal Desk') Saturation Campaign of Financial Inclusion to cover 2.7 Lakh Gram Panchayats and ULBs (See 'Corp Brief') DRI seizes 7 kg amphetamine and 3kg cocaine (See 'Corp Brief') IBC - Mere reason that some facts may have already been into existence but continue to exist would not mean that the application u/s 9 becomes retrospective: HC (See 'Legal Desk') Uttarakhand becomes first State to export Trout to Nepal (See 'Corp Brief') BIS organises Interactive Sessions to promote AYUSH with Quality Standards (See 'Corp Brief') PMLA - In absence of money trail connecting attached properties with proceeds of crime, subject properties cannot be attached merely as properties of equivalent value: Tribunal (See 'Legal Desk') Clarification on Legislative Developments concerning Govt's stake in IDBI (See 'Corp Brief') SEBI - The fact that criminal proceedings were subsequently initiated against appellants does not confer sanction under Section 15T of the SEBI Act to reopen a penalty order which attained finality: SAT (See 'Legal Desk') Efforts underway to develop one lakh young leaders: Mandaviya (See 'Corp Brief') IITM hosts consultation on Climate Science into Services for India Forum (See 'Corp Brief') IPR - Continued use of mark after express acknowledgment of proprietor's rights and undertaking to cease such use is strong indicator of dishonest intention and constitutes infringement: HC (See 'Legal Desk') IBC - Successful Resolution Applicant is entitled to pursue dues of Corporate Debtor against its debtors in arbitration even after conclusion of CIRP: SC (See 'Legal Desk') IBC - Express forfeiture clause in e-auction notice binds bidder despite absence of express forfeiture stipulation in Schedule I of Liquidation Process Regulations, 2016: SC (See 'Legal Desk') An unsuccessful 'success fee' litigation (See CORP EINSICHT)

Print

Gowda reviews progress of RFCL's Ramagundam project

Published: Jul 02, 2020

By TIOLCORPLAWS News Service

NEW DELHI, JULY 02, 2020: UNION Minister of Chemicals and Fertilisers Sadananda Gowda, held a meeting  yesterday in New Delhi with CEO Ramagundam Fertilizers and Chemicals limited (RFCL) to review the progress of construction works of  the project.

Speaking on the occasion the Minister observed that the project is near completion and he is hopeful that it will be ready for commercial production by October this year. He appreciated measures taken by RFCL to overcome challenges thrown by COVID pandemic. Once completed, the project will realize Prime Minister Narendra Modi's vision of making ‘Atma Nirbhar Bharat'. After commissioning, Ramagundam project along with other revival projects at Gorakhpur, Barauni, Sindri and Talcher will reduce the need for urea import by 63.5 LMT per annum.

RFCL is upcoming gas based urea unit of 12.7 Lakh MT per annum capacity at Ramagundam, Telengana. It is a Joint Venture Company (JVC) promoted by National Fertilizers Limited (NFL), Engineers India Limited (EIL) and Fertilizer Corporation of India Limited (FCIL). The foundation stone of the project was laid by Prime Minister Narendra Modi on August 7, 2016. Once completed, RFCL project will reduce India's dependency on imported urea, save foreign exchange and create jobs.

During the meeting, Mr Nirlep Singh Rai, CEO, RFCL gave a brief about physical progress of various works of the project, and said that the project is about 99 % complete. The work at the site got stalled during the lock down period for sometime but has resumed since May 03, 2020. Availability of manpower at site is a problem area, but management has adopted proactive measures to retain workers by providing free meals and accommodation to contract workers, and payment of wages during the lock down period.

Government of India had announced New Investment Policy (NIP), 2012 to facilitate fresh investment in urea sector and to make India self-sufficient in the urea sector. Under NIP, 2012, Govt of India is reviving the 5 closed fertilizer plants. The Five Public Sector Units under revival are:-

Ramagundam Fertilizers and Chemicals Limited (RFCL)

Talcher Fertilizers Limited (TFL)

Hindustan Urvarak & Rasayan Limited (Gorakhpur, Barauni and Sindri)

TIOL CORP SEARCH

TIOL GROUP WEBSITES

taxindiaonline
taxindiainternational
TKF
TIOLawards
A TIOL Website. Copyright © 2025 TIOLcorplaws.com All rights reserved.