27 Apr 2012

Recommendations of ECoS

ECoS has submitted its recommendations for revival of closed units of Hindustan Fertilizer Corporation Limited (HFCL) and Fertilizer Corporation of India Limited (FCIL). As per the recommendations the Sindri, Talcher and Ramagundam units of FCIL are to be revived through nomination basis by the consortium of PSUs. Gorakhpur and Korba units of FCIL and Durgapur, Barauni & Haldia units of HFCL are to be awarded through a bidding process. The recommendation of the ECOS, were considered by the Cabinet Committee on Economic Affairs (CCEA) in its meeting held on 4th August, 2011 and approved the same with the stipulations that Board for Industrial and Financial Restructuring (BIFR) proceeding be expedited and thereafter, the matter including changes, if any, required in bid parameters, be placed before the Committee for a final decision. As required under the rules FCIL and HFCL have submitted their Draft Rehabilitation Schemes (DRS) to BIFR for approval. 

This information was given by the Minister of State for Chemicals and Fertilisers, Shri Srikant Kumar Jena in a written reply in the Rajya Sabha today. 

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