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SPIC UREA PLANT
SPIC Ltd unveils Rs 1,900 cr investment plan over the next two yearsSouthern Petrochemical Industries Corporation (SPIC) Ltd unveiled plans to invest Rs 1,900 crore in a strategic expansion over two years. N...- SPIC to invest Rs 1,900 crore over two years in Tamil NaduThe investment would be made across SPIC Ltd, Greenstar Fertilizers Ltd, and Tuticorin Alkali Chemicals and Fertilizers Ltd, the company sa...
- SPIC Group to invest Rs 1,900 crore in Tamil NaduSouthern Petrochemical Industries Corporation Ltd (SPIC) is set to invest Rs 1,900 crore over the next two years in Tamil Nadu, as per an M...
- Fertiliser stocks surge up to 13% on Cabinet moveFertiliser stocks surged up to 13 per cent today after the government approved continuation of urea production from three plants.
- Cabinet committee approves production from three naphtha-based urea plantsFertiliser Minister Ananth Kumar said the decision to approve continuation of its production was to ensure a smooth supply in southern stat...
- Panel of ministers to discuss gas supply to urea unitsBesides, the urea policy and nutrient-based subsidy for Phosphatic and Potassic fertilisers will also be on the table, the sources added.
- Govt plans to extend subsidy payments to Mangalore Chemicals and Fertilisers, 2 othersThe govt wants to ensure there is no shortage of urea in southern states, as there is only one active urea plant for the four southern stat...
- MCFL, 2 others seek subsidy for urea plants beyond April 16The government had asked these companies to convert their plants into gas-based, but in absence of gas-connectivity these plants are forced...
- MCFL and 2 other naptha-based plants resume production: Ananth KumarRecently, Deepak Fertilisers had said it has sold over 26 lakh shares, representing 2.2 per cent stake, in MCFL.
- Tamil Nadu Government to forego VAT on naptha for two fertiliser plantsHe recalled that following a demand by his predecessor J Jayalalithaa in June, subsidy for the two plants had been extended upto September.
- Fertilizer Ministry to move Cabinet for continuing subsidy to MCFL, others"The Karnataka Chief Minister Siddaramaiah requested for restarting the MCFL, I explained him the subsidy burden as urea's cost of producti...
- Allow working of naphtha based fertiliser plants: Tamil Nadu CM to ModiChief Minister O Panneerselvam in a letter to Prime Minister sought continuance of subsidy for the SPIC and Madras Fertilizer Ltd (MFL) pla...
- MCFL shuts urea plant as government permission expiresSources also added that further extension to these plants at the moment seems difficult as it will result in additional subsidy burden.
- Closure of 3 south-based urea plants will hit industry hard: Satish Chander, Fertiliser Association of India'It is ironic that the government, on the one hand, is contemplating to revive various sick and closed fertilizer units and, on the other h...
- Taking a cue from ONGC, Rashtriya Chemicals and Fertilizers plans to set up a subsidiary RCF VideshSenior officials both in RCF and the Fertilizer Ministry have confirmed that the proposal to set up RCF Videsh is under consideration.
- Taking a cue from ONGC, RCF plans RCF Videsh'RCF Videsh' will focus on ventures and assets abroad where feedstock natural gas is cheap or raw materials are available in abundance.
- Fertilzers Ministry seeks higher gas supply, takes up revival of five plantsFertilzer & Petroleum Ministers discussed number of issues including supply of gas to the urea plants, revival of urea plants
- Jayalalithaa seeks continued subsidy for urea manufacturing unitsJayalalithaa alleged that the previous UPA government took the decision at the fag end of its tenure to suspend subsidy to urea manufacturi...
- Spic gets nod for pref issue to promoter, ArcilAn extraordinary general meeting (EGM) of Spic held in Chennai on Monday cleared resolutions for issuing convertible preference shares to t...
- Spic Egm approves preferential issue to Arcil, promotersAn extraordinary general meeting of Spic held in Chennai on Monday cleared resolutions for issuing convertible preference shares to the pro...
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