India is a predominantly an Agro based major economy in the world. With its growing population and rapid economic growth, the demand for food products is expected to grow further. This can be met through increasing productivity of Agriculture industry through increased use of Fertilizers. As such India stands second in the world for fertilizer nutrient consumption next to China. Over the years, the country has set up many fertilizer plants, however, the demand of fertilizer has outpaced the supply from the existing plants leading to substantial quantity of imports. The present deficit is around 9.0 MMTPA which is expected to grow to 13 MMTPA by 2019-20 and around 15.0 MMTPA by 2024-25.
In order to have self-reliance on fertilizer, the Government of India has taken an innovative initiative for revival of various fertilizer plants including the three plants at Gorakhpur, Sindri and Barauni, each having capacity of 2200 TPD Ammonia / 3850 TPD Urea. The crucial and prestigious task for setting up of these three fertiliser plants have been entrusted to three Maharatna Public Sector Companies namely Indian Oil Corporation Limited (IOCL), NTPC Limited (NTPC) and Coal India Limited (CIL) on equal cost sharing basis.
These three companies and Fertilizer Corporation of India Limited (FCIL) / Hindustan Fertilizer Corporation Limited (HFCL) together have formed a new Joint venture company namely Hindustan Urvarak and Rasayan Limited (HURL). These Natural Gas based projects incorporating state of Art Technology have been targeted to commence production by the end of 2020. On completion of these projects, the Import of Urea will come down by approximately 4.0 MMTPA.
The HURL team is marching ahead for implementation of these projects within the stipulated time target which is very challenging.
I wish all the success for these projects which will definitely give boost to Indian Economy and necessary impetus under “Make in India” initiative.