Centre allows fertiliser production using naphtha

BS Reporter Chennai
Last Updated : Aug 28 2014 | 10:30 PM IST
The Cabinet Committee on Economic Affairs has allowed three fertiliser plants to produce urea using naphtha till September-end. These are Madras Fertilisers plant in Manali, Mangalore Chemicals and Fertilisers Ltd, Mangalore, and Southern Petrochemical Industries Corporation's Tuticorin unit.

Under the Modified New Pricing Scheme-Ill for existing urea units, the three naphtha-based units were earlier allowed to produce urea from naphtha as feedstock till June 30, 2014.

The move will enable these fertiliser units to continue urea production for the next three months and help in meeting farmer requirement for urea in the current kharif season.

In a statement, Union government stated all stakeholders, including farmers and urea manufacturers, would be benefited by this.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 28 2014 | 8:34 PM IST

Next Story