Hours after Assam’s Chief Minister Himanta Biswa Sarma met with Union Chemicals and Fertilizers Minister Mansukh Mandaviya in New Delhi on Tuesday, the Center released Rs 100 crore for the relaunch of the Brahmaputra Valley Fertilizers Corporation Limited (BVFCL), officials said here.
Officials said the Rs 100 crore package would facilitate the revival of BVFCL units II and III in Namrup in Dibrugarh district. Thanking the Union Minister, Sarma tweeted: “This (financial aid) will help revive BVFCL, benefiting our economy.”
BVFCL is a public sector enterprise (PSU) incorporated under the Companies Act under the administrative control of the Central Government Fertilizer Department. Currently, it operates its two old factories – Namrup-ll and Namrup-lll.
Central government financial assistance of Rs 100 crore to BVFCL is expected to restore its urea production capacity to 3.90 lakh MT per year and ensure the timely availability of urea to the tea industry and the sector. agricultural throughout the northeastern region, particularly in Assam.
BVFCL has 580 employees on a permanent basis and another 1,500 on an ad hoc basis.
(With IANS entries)
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Posted on: Wednesday, November 10, 2021 10:26 am IST