Industry News

Coal India & NTPC to Collaborate for Renewal of Two Gas-Based Fertilizer Plants

KOLKATA: Coal India which is headquartered in Kolkata is world's leading coal miner, and NTPC headquartered in New Delhi, which is India’s principal power generation company, have announced their plans to collaborate and renew 2 gas-based fertilizer plants. The companies plan to restart the Gorakhpur and Sindri plants of the Fertilizer Corporation of India. It is estimated that over the next 4 years, the cost for the revival of these plants would be around INR18,000 crores. Also, the gas for these plants will be supplied via Jagdishpur-Haldia pipeline. For this purpose, GAIL has been contacted in order to accelerate the construction work of the pipeline from Jagdishpur in Uttar Pradesh to Haldia in West Bengal for providing connectivity to urea plants at Gorakhpur in Uttar Pradesh and Sindri in Jharkhand.

TechSci Research depicts that the plans for the revitalisation of the fertiliser plants are expected to increase the production of urea in the country. Moreover, it is also projected that the production of other chemicals associated with gas based fertilizers would also increase. This would help in bridging the demand-supply gap. This in turn would help in meeting country’s increasing domestic demand, thereby reducing the dependence on imports.

According to TechSci Research report Global Water Soluble Fertilizers Market By Type, By Composition, By Grade, By Structure, By Application, By Crop, By Region, By Sales Channel, By Company Forecast & Opportunities, 2011 - 2021”, the global water soluble fertilizers market is projected to grow at a CAGR of over 5% during 2016-2021, on account of rising population, growing demand for food grains, and rising concerns related to depleting ground water resources. Water soluble fertilizers are also being extensively used in order to increase yield, as they are easy to apply and require less amount of fertilizers and water usage. Water soluble fertilizers dissolve faster, have a higher utilization rate and are absorbed quickly as compared to conventional chemical fertilizers.