18 April 2014

Jagdishpur urea plant resumed urea production after 42 days shutdown

Jagdishpur based urea plant of Aditya Birla Group was in planned maintenance shutdown since 26th February 2014. In this period of shutdown company has implemented debottlenecking and energy saving project.

Aditya Birla Nuvo Limited (ABNL) has informed the BSE about restarts urea production from 8th April 2014. Now the Indo Gulf Fertilizer plant at Jagdishpur is producing 4110 MTPD of Ammonia and 7100 MTPD of urea after attaining turnaround.

Aditya Birla Nuvo Limited is a US$ 4 billion diversified conglomerate, with a portfolio of manufacturing as well as service sector businesses under its umbrella.

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11 April 2014

Old urea plants to get special compensation under modified NPS-III

The Department of Fertilizers (DOF) released some provisions of the modified New Pricing Scheme-III (NPS-III). As per theses details urea plants which have completed 30 years and converted to gas (like KFCL) would get special compensation of Rs 150/tonne. This would be and above the additional fixed cost of Rs 350/tonne that would be provided to all urea plants, apart from minimum fixed cost of Rs 2300/tonne.

The Department of Fertilizers (DOF) has also decided to continue to the existing system of recognizing costlier liquid feedstock and providing energy saving incentives to liquid feedstock-based plants till June 2014 or till such time they convert to gas, whichever is earlier. The Government wants to phase out old and inefficient units in due course of time after addition of new capacity.

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10 April 2014

Reliance (RIL) denied the Goverment statement about gas pricing

Last week Government of India stated that Reliance Industries Limited (RIL) is agreed not to increase the natural gas prices from 1st April 2014. Fertilizer Secretory Mr Shakti Kant Das had said that Reliance will supply natural gas in old rates of USD 4.2 per unit to 16 fertilizer companies upto the time a new agreement signed between fertilizer companies and RIL.

Now Reliance Industries Limited (RIL) in a statement saying that company has increased natural gas prices from 1st April 2014 and the gas from KG-D6 basin will also be given with new prices. The company denied any understanding with the Government regarding natural gas prices. The company has also sent a letter to the Fertilizer Ministry regarding its decision.

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