Subsidy policy for Urea

#Agriculture

 

 ✅Union Cabinet has given its approval for the formulation of an exclusive subsidy policy for Urea produced through coal gasification route by Talcher Fertilizers Limited (TFL) 

✅The project shall improve availability of fertilizer to farmers there by boosting development of eastern region and will save transport subsidy for supply of urea in eastern part of the country.

✅This project will help in leading to savings in foreign exchange by reducing urea imports to 12.7 Imt per year.

 

✅Talcher Fertilizers Ltd. (TFL)

It is a Joint Venture Company of four PSUs namely Rashtriya Chemicals & Fertilizers (RCF), GAIL (India) Ltd (GAIL), Coal India Ltd. (CIL) & Fertilizer Corporation of India Ltd. (FCIL)

✅TFL is reviving the erstwhile Talcher plant of Fertilizer Corporation of India Ltd. (FCIL) by setting up a new greenfield Urea Plant with an installed capacity of 12.7 Lakh Metric Ton per

annum (LMTPA).

Source - THE HINDU BUSINESSLINE