The Union Cabinet has sanctioned the creation of a new Brownfield ammonia-urea complex at Brahmaputra Valley Fertilizer Corporation Limited (BVFCL) located in Namrup, Assam.
This facility is expected to produce 12.7 lakh metric tonnes (LMT) of urea annually and will be constructed with an estimated investment of Rs 10,601.40 crore.
The funding for the project will be secured via a joint venture (JV) with a debt-to-equity ratio of 70:30, in accordance with the New Investment Policy of 2012, which was revised on October 7, 2014.
The Namrup-IV Project is anticipated to be commissioned within a four-year timeframe.
The Cabinet has granted approval for National Fertilizers Limited (NFL) to engage in the equity structure at a rate of 18 percent, surpassing the thresholds established by the Department of Public Enterprises (DPE) guidelines. Furthermore, an Inter-Ministerial Committee (IMC) will be established to supervise the development of the Namrup-IV Fertiliser Plant.
