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The Union Cabinet, on Wednesday (March 19, 2025), approved the proposal for setting up of a new Brownfield Ammonia-Urea Complex at Namrup in Assam, with an estimated total project cost of ₹10,601.40 crore. The project will have a capacity of producing 12.7 Lakh Metric Tonnes (LMT) of Urea annually and the new complex within the existing premises of Brahmaputra Valley Fertilizer Corporation Limited.
The Debt Equity ratio of the joint venture will be 70:30 and the tentative overall time schedule for commissioning of the project is 48 months. “Additionally, the Cabinet also approved the National Fertilizers Limited (NFL)’s equity participation of 18% in relaxation to the limits prescribed in Department of Public Enterprises (DPE) guidelines; and constitution of an Inter-Ministerial Committee (IMC) to oversee the process of setting up of Namrup-IV Fertilizer Plant,” the Fertilizers Ministry said in the statement.
In the proposed joint venture, Government of Assam will have 40% shares, Brahmaputra Valley Fertilizer Corporation Limited will have 11% shares, Hindustan Urvarak & Rasayan Limited’s shares will be 13%, National Fertilizers Limited’s shares will be 18% and Oil India Limited will have 18% shares. “BVFCL’s share of equity shall be in lieu of tangible assets,” the release said adding that the project will increase the domestic Urea production capacity in the country especially in the North-Eastern region.
Published – March 19, 2025 10:51 pm IST