India saves $1.8 bn on fertiliser subsidies, but no reform planned

Last Updated: Friday, September 4, 2015, 16:01

India could save about $1.8 billion on fertilizer subsidies this year thanks to low energy prices but Prime Minister Narendra Modi`s government, two sources said, has no plans to remove price controls, a reform that would risk angering farmers.

Govt to invest Rs 10,500 crore on urea plants in Jharkhand, Assam

Last Updated: Thursday, May 21, 2015, 20:19

The Cabinet on Thursday approved revival of closed urea plant in Sindri, Jharkhand, and setting up of a new fertiliser plant in Namrup in Assam at a total investment of Rs 10,500 crore.

Centre to bring more reforms, not to raise urea prices: Kumar

Last Updated: Wednesday, May 13, 2015, 22:49

Fertiliser Minister Ananth Kumar Wednesday said government will continue with the second generation "farmer centric" reforms in the sector to make the country self-sufficient in urea without increasing its prices.

Core sector growth slows down to 1.4% in February

Last Updated: Tuesday, March 31, 2015, 17:35

The eight core sector industries — coal, crude oil, natural gas, refinery products, fertilizer, steel, cement and electricity.

Govt lowers April-Sept natural gas prices by 8%

Last Updated: Tuesday, March 31, 2015, 16:37

Natural gas prices have been slashed by 8 percent to USD 4.66 per unit for the first half of next fiscal year from April 1 on gross heat value basis.

Natural gas price to be cut by 9% to $4.56 from April 1

Last Updated: Monday, March 30, 2015, 10:44

The government had in October last year fixed natural gas price at USD 5.05 per million British thermal unit.

Govt allows 100% production of neem-coated urea

Last Updated: Wednesday, January 7, 2015, 16:44

Government Wednesday allowed fertiliser firms to produce 100 percent neem-coated urea -- a move aimed at helping farmers boost income and reducing subsidy bill by up to Rs 6,500 crore.

Cabinet nod for two state-run fertiliser projects for $1.5 billion

Last Updated: Wednesday, December 24, 2014, 17:02

Two fertiliser units at Talcher in north-central Odisha for a cost of some $1.5 billion received the Cabinet nod Wednesday to primarily augment the domestic supplies of urea, to be jointly executed by four state-run companies.

Fert Min for continuation of subsidy to closed urea plants

Last Updated: Wednesday, December 3, 2014, 21:41

To maintain domestic production of urea in the country, Fertilizer Ministry will soon move a Cabinet note for continuation of subsidy to three closed naptha-based urea plants, including that of a UB Group firm.

GoM recommends hike in fixed cost paid for urea

Last Updated: Thursday, January 30, 2014, 14:35

A ministerial panel Thursday recommended increase in fixed cost paid to urea by Rs 350 per tone but there will be no increase in the rate of crop nutrient for farmers as government will subsidise the additional cost, pegged at Rs 900 crore.

Fin Min grants Rs 10,000 cr under SBA as to Fertilizer Ministry

Last Updated: Tuesday, December 17, 2013, 19:24

The Finance Ministry has granted Rs 10,000 crore under a special banking arrangement (SBA) as sought by the Department of Fertilizer to help the industry tide over the liquidity crunch.

GAIL to take 5-10% stake with RCF in Talcher fertiliser plant

Last Updated: Sunday, July 7, 2013, 12:55

State-owned gas utility GAIL India Ltd may take 5-10 percent stake in Rashtriya Chemicals and Fertilizer Ltd's (RCF) urea and ammonium nitrate plant at Talcher in Odisha.