Indian Companies to Invest $6.37 Billion in Revival of Fertilizer Plant

DELHI--July 18, 2012--Researched by Industrial Info Resources India (Delhi, India)--In its 11th Five-Year Plan, the government of India has announced the revival of shuttered fertilizer units in the country. The plan includes four units of Fertilizer Corporation of India Limited (FCIL) at Gorakhpur, Ramagundam, Sindri and Talcher, which were closed for almost a decade. FCIL was declared bankrupt due to non-viabilities of operations. However, as per the recent plan of revival, all units are under evaluation.