Chairman-cum-Managing Director of ONGC, Sudhir Basudeva who reviewd the progress of work at the project with OTPC officials yesterday, told reporters today that the first phase of the project would be operational by June.
ONGC has also decided to set up a Rs 5000 crore urea fertilizer manufacturing unit at Khobal in North Tripura district and six big investors have expressed their interest in investing in the project, he said.
The site for the urea manufacturing project has been selected at Khobal considering its close proximity to the Khobal gas field from where the natural gas (hydro carbon) would be supplied.
ONGC last year discovered huge gas reserve at Khobal, near the Assam-Agartala National Highway (NH-44).
With the commissioning of the project demands for urea from not only Tripura but the entire north east region would also be met. Besides, a large chunk of the fertiliser manufactured could be imported to neighbouring Bangladesh, he added. PTI JOY KK KK
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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
