MINISTER OF STATE IN THE MINISTRY OF CHEMICALS & FERTILIZERS (SHRI SRIKANT KUMAR JENA)
(a) to (b): Government of India has decided to increase the Maximum Retail
Price of urea by 10% , from Rs. 4830 PMT to Rs. 5310 PMT w.e.f. 1.4.2010.
There is no change in marketing mechanisms of the urea.
(c): As per policy for stage –III of NPS for urea, the Government will continue
to retain the authority to direct movement of urea stock upto 50% of production
under Essential Commodities Act..
(d) to (e): Pursuant to the decision dated 30.10.2008, an Empowered
Committee of Secretaries (ECOS) was constituted on 7.11.2008 under the
Chairmanship of Secretary (Fertilizers) and Secretaries of Department of
Expenditure, Department of Disinvestments, Planning Commission, Department
of Public Enterprises and Ministry of Petroleum & Natural Gas as Members to
look into all the financial models for revival of each of the closed units.
The Committee in its first meeting on 5.12.2008 had approved the Terms
of Reference (TOR) for consultants and that FCIL and HFCL should finalize
appointment of consultants as per the TOR already approved.
The second meeting of the ECOS was held on 24.08.2009 in which
various financial models for revival were considered and it was decided to
recommend the Revenue Sharing Model, for approval of the CCEA. M/s Deloitte
India Pvt. Ltd. have been selected as Project Advisers for implementation of the
selected options for revival of the closed units of Sindri, Ramagundam, Talcher
and Gorakhpur in respect of FCIL and Durgapur Unit of HFCL. M/s PDIL has
been appointed by HFCL as Consultant for evaluation of existing assets of the
closed units and certification through Registered Valuer. ECOS has advised to
obtain the approval of CCEA for the recommended Revenue Sharing Model for
revival before implementation of the same. At present, DOF is in the process of
finalizing the note on the subject for Inter-ministerial circulation.
