The Cabinet Committee on Economic Affairs, Government of India today approved grant-in-aid of Rs 100 crore to the Brahmaputra Valley Fertilizers Corporation Limited (BVFCL) at Namrup in upper Assam’s Dibrugarh district to sustain operations of its urea manufacturing units.
BVFCL Namrup is a Public Sector Undertaking (PSU) formed as per the Companies Act under the administrative control of the department of fertilizers.
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The company currently is operating its two plants in Assam – Namrup-ll and Namrup-lll – in the premises of BVFCL at Namrup.
The minimum functional repair to be undertaken for smoother operation of the plants with procurement of mechanical, electrical, instrumentation and catalyst items shall attract an estimated expenditure of Rs.100 crore and so, the Centre has approved grant-in-aid of Rs. 100 crore to BVFCL.
The grant-in-aid of Rs 100 crore to BVFCL is expected to restore the urea production capacity of 3.90 lakh metric tonne per annum and ensure timely availability of urea to tea industry & farming sector in the entire Northeastern region specially Assam.