Energy Technology Meet inaugurated in Goa, Highlights India's Energy Security Priorities (See 'Corp Brief') Discussions must lead to practical actions that cities can adopt: MoS (See 'Corp Brief') CARA organises Regional Consultative Workshop to expand Adoption of Children with Special Needs (See 'Corp Brief') ICAR-MGIFRI promotes Soil Health, Balanced Fertilisation and Sustainable Orchard Management (See 'Corp Brief') IPR - If well-known pharmaceutical mark with established goodwill & continuous use is sought to be diluted by subsequent user adopting coined expression sharing dominant prefix, case calls for interim injunction: HC (See 'Legal Desk') Bhupender Yadav emphasizes importance of Science-based Biodiversity Governance (See 'Corp Brief') PM Vishwakarma Artisans showcase Traditional Crafts at BRICS Cultural Bazar (See 'Corp Brief') Industrial Settlements benefit Over 10,900 Bihar Gramin Bank Employees (See 'Corp Brief') Startup Credit Guarantees reach Rs 1,662 Crore (See 'Corp Brief') IPR - Converting passing off action into infringement claim post-registration does not change basic structure of suit: HC (See 'Legal Desk') Nadda leads Integrity Pledge Ceremony at Ministry of Health and Family Welfare (See 'Corp Brief') RM calls for 'Aatmanirbharta 2.0', next leap in defence self-reliance, at SWAVLAMBAN 2026 (See 'Corp Brief') IBC - Admission u/s 7 IBC requires summary finding of debt & default above statutory threshold, and not exact reconciliation or forensic reconciliation of accounts: SC (See 'Legal Desk') MoRTH to organise 'Transport Mela' under PARIVARTAN Scheme in Delhi-NCR (See 'Corp Brief') NCB launches 'Operation Trident', with 38 teams striking 38 locations (See 'Corp Brief') NIFTEM-K hosts India's First AI × Food Tech Hackathon, 'Hack the Fork' (See 'Corp Brief') Misc - Administrator could neither assume RBI's write-down power at point of non-viability nor exercise it after reconstruction scheme took effect: SC (See 'Legal Desk') GeM promotes 'The AABHAR Collection' to showcase India's Cultural Heritage (See 'Corp Brief') National Conclave 2026: Technical sessions outline reforms for future-ready cities (See 'Corp Brief') PM's appeal has given a new identity to Khadi: KVIC Chairman (See 'Corp Brief') SARFAESI - Secured creditor stepping into shoes of borrower/lessee cannot claim rights superior to those of original lessee: HC (See 'Legal Desk') Three-day event 'India Chem-2026' concludes in Mumbai (See 'Corp Brief') Agricultural Biological Resources generate ABS Benefits for Biodiversity (See 'Corp Brief') BHASHINI Division showcases Multilingual AI Solutions for Accessible Research at IIT Delhi (See 'Corp Brief') Capital Market - Sec 12A of Commercial Courts Act is mandatory and strict condition precedent for maintaining commercial suit where no urgent interim relief is contemplated: HC (See 'Legal Desk') Fisheries Investors & Exporters Conclave 2026 to boost Investment and Exports from Inland Fisheries (See 'Corp Brief') India's First Maritime NBFC SMFCL scales up with Rs 5,107 Crs disbursed (See 'Corp Brief') India advances Agrivoltaics Cooperation for Global South (See 'Corp Brief') RTI - Information regarding public orders & ongoing court proceedings is already accessible in public domain - falls outside disclosure obligations of public authority under statute: SEBI (See 'Legal Desk') An unsuccessful 'success fee' litigation (See CORP EINSICHT)

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