|Namrup plant revival: Plan panel for fund details|
NEW DELHI, May 10 – The revival of the Namrup fertiliser plant depends on the finalisation of its funding pattern.
The Planning Commission has suggested that the funding pattern has to be finalised before seeking in-principle approval for the project and hence the Department of Fertilisers may explore the possibility of open bidding and expression of interest for equity participation from private companies, said Minister of State for Chemicals and Fertilisers Srikanta Jena.
The total project cost has been estimated at Rs 3,311 crore with loan to equity in the ratio of 2:1. Since the Brahmaputra Valley Fertiliser Company Limited is a loss-making company and does not have the requisite funds for installation of a new brown field plant and in order to maintain the PSU character of the proposed plant, the Planning Commission was requested again in March for allocation of Rs 696.52 crore in the Plan outlay of the 12th Five Year Plan for the project.