Union Minister for Chemicals and Fertilizers Shri D. V. Sadananda Gowda on April 6, 2021 handed over the cheque of Rs. 813.24 crores out of total amount of Rs. 1257.82 crore to MD, HURL in respect of Interest Free Loan to Hindustan Urvarak & Rasayan Ltd (HURL) for the revival of Gorakhpur, Sindri & Barauni projects.
- HURL operates environment-friendly & energy-efficient Natural Gas based new Fertilizer Complexes, spurring economic growth in eastern India.
- The release of Interest Free Loan to HURL will further strengthen its financial condition during COVID-19.
- According to the government, the operationalization of above three plants, will reduce the import dependency on urea by 38.1 LMT per annum and it will save huge forex to the Exchequer. The capacity of each plant would be 12.7 LMT per annum.
- The Gorakhpur, Barurani & Sindri projects have achieved 89%, 85.1% and 86.1% progress as on 28.02.2021. Once these projects are commissioned, it would increase our domestic capacity, and further self reliance in urea production.
- Government had approved Interest Free Loan (IFL) of Rs.1257.82 crore to Hindustan Urvarak and Rasayan Limited (HURL) projects situated at Gorakhpur (Uttar Pradesh) Sindri (Jharkhand) and Barauni (Bihar) on 01.08.2018
