Cabinet approves subsidy policy for urea produced by TFL
It would assist in reducing urea imports to the tune of 12.7 LMT per annum leading to savings in foreign exchange
The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has given its approval for the proposal of the Department of Fertilizers for the formulation of exclusive subsidy policy for urea produced through coal gasification route by Talcher Fertilizers Limited (TFL).
The project shall improve availability of fertilizer to farmers thereby boosting development of eastern region and will save transport subsidy for supply of urea in eastern part of the country. It would assist in reducing urea imports to the tune of 12.7 LMT per annum leading to savings in foreign exchange.
The project will also give a boost to the 'Make in India' initiative and AtmaNirbhar' campaign and would help development of infrastructure like roads, railways, water, etc. providing a major boost to the economy in the eastern part of the country including promoting ancillary industry. The project will also provide new business opportunities in the form of ancillary industries in the catchment area of the project.
The gasification process adopted in the Talcher unit is a clean coal technology giving negligible SOx, NOx and free particulate emissions as compared to directly coal fired processes.
TFL is a joint venture company of four PSUs namely Rashtriya Chemicals & Fertilizers (RCF), GAIL (India) Ltd. (GAIL), Coal India Ltd. (CIL) and Fertilizer Corporation of India Ltd. (FCIL).
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