Translate

BSE-NSE Ticker

Tuesday, February 2, 2010

National Fertilisers gets CCEA approval

The public sector National Fertilisers Ltd (NFL), a Mini Ratna company and the country’s second largest producer of urea, has won approval from the Cabinet Committee on Economic Affairs (CCEA) over change in feedstocks at the company’s three plants at Panipat, Bathinda and Nangal.

The conversion in feedstocks from fuel oil / low sulphur heavy stock to natural gas is estimated to cost the company Rs 4,066 crore.

The change will enhance lifespan of these plants, reduce cost of production of urea, enhance profitability and will simultaneously reduce subsidy burden of the government of India.

The company has installed capacity to produce 32.31 lakh tonnes of urea per annum. The successful execution of aforesaid projects will further enable the company to enhance production and competitiveness.

The conversion in feedstocks from fuel oil / low sulphur heavy stock to natural gas is estimated to cost the company Rs 4,066 crore.

The change will enhance lifespan of these plants, reduce cost of production of urea, enhance profitability and will simultaneously reduce subsidy burden of the government of India.

The company has installed capacity to produce 32.31 lakh tonnes of urea per annum. The successful execution of aforesaid projects will further enable the company to enhance production and competitiveness.

No comments:

Economic Event Calendar

Economic Calendar >> Add to your site

Best Mutual Funds

Recent Posts

Search This Blog

IPO's Calendar

Market Screener

Industry Research Reports

NSE BSE Tiker

Custom Pivot Calculator

Popular Posts

Market & MF Screener

Company Research Reports