Indian Oil to join Coal India NTPC to revive 3 fertiliser plants

Psu Connect Date: 22-06-16

NEW DELHI. Indian Oil Corporation will join Coal India and NTPC Ltd to form a joint venture called Hindustan Urvarak and Rasayan Ltd. The new entity will revive three sick fertiliser plants at Sindri (Jharkhand), Gorakhpur (Uttar Pradesh) and Barauni (Bihar), at a total investment of around ?20,000 crore.

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