Hindustan Urvarak & Rasayan Limited
NEW DELHI: Hindustan Urvarak & Rasayan Ltd, a JVC of three energy giants, i.e., NTPC, Indian Oil & Coal India Ltd was incorporated to revive three old urea plants at Gorakhpur, Sindri & Barauni in the eastern part of India. The Cabinet Committee on Economic Affairs in its meeting held on 01.08.2018 granted an interest-free loan to HURL to the tune of Rs.1258 crores.
The final agreement for the release of this fund to HURL was signed between the Department of Fertilizer & HURL on 8th Sept 2020 in the august presence of the Hon’ble Minister for Chemical & Fertilizer, Shri D. V. Sadananda Gowda. Shri Arun Gupta, MD (HURL), while signing this agreement, expressed his deep gratitude to the Department of Fertilizer and Niti Aayog for this unprecedented support and also requested the Government for early release of this loan.
Speaking on this function, Shri D. V. Sadananda Gowda expressed his satisfaction on the overall progress achieved by HURL in all three projects and wished that the delay caused by the Covid-19 pandemic will be minimized to the extent possible. He also promised to facilitate the early release of the loan to HURL and hoped that all 3 urea plants will be made operational in the year 2021, thus making the country self-sufficient and “Atma Nirbhar” in meeting its urea demand.
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