Question : CAPITAL COST OF INDO-OMAN UREA PROJECT



(a) the current estimated capital cost of the Indo-Oman Urea Project;

(b) the estimated landed cost of Urea from the Project, at current rates of exchange; and

(c) the weighted average retention price of domestic gas-based urea manufacturers?

Answer given by the minister


MINISTER OF STATE IN THE MINISTRY OF CHEMICALS AND FERTILIZERS (SHRI RAMESH BAIS)

(a) The estimated capital cost of the revised and restructured Oman India Fertilizer Project is US$ 969 million.

(b) The 15 year average long term price at which GOI will be purchasing urea from the Oman Project is US$ 113.7 per MT. Estimated freight, handling, bagging etc. charges are around US$ 34 per MT. The landed price at an exchange rate of Rs. 45 per US$ works out to Rs. 6647 per MT.

(c) The weighted average retention price of gas based units as on 1.4.2000 was Rs. 6270 per MT of urea.