NEW DELHI.Feb 25,2016 National Fertilizer Ltd ( NFL ) announced that it has got in-principle approval for equity participation in its joint venture (JV) with Fertilizer Corporation of India (FCIL) to revive FCIL’s Sindri unit. In an interview with CNBC-TV18, Manoj Mishra, CMD of NFL said that the company will have an equity participation of 11 percent which roughly translates to Rs 185 crore. He
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NEW DELHI. Union Cabinet has approved the revival of closed urea unit of Fertilizer Corporation India Limited (FCIL) at Sindri in Jharkhand with an investment of Rs 6000 crore. This unit was lying defunct and was not in operation since 2002 and its revival will help meet the growing demand of urea in the Bihar, West Bengal and Jharkhand. It will also ease the pressure on railway and road infrastructure due to long distance transportati
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