Assam Cabinet approves revitalization of BVFCL

Assam Cabinet approves equity investment of 40 pc to revitalise BVFCL

Guwahati, Dec 19 (PTI) The Assam Cabinet on Thursday approved an equity investment of 40 per cent in a bid to revitalise the state-run Brahmaputra Valley Fertiliser Corporation Ltd, Chief Minister Himanta Biswa Sarma said.The cabinet cleared investment worth Rs 1,272 crore in a joint venture to build the Namrup-IV unit to fortify the operations and give it a fresh lease of life, he said at a media briefing here.BVFCL is engaged in gas-based urea…

Assam Cabinet approves revitalization of BVFCL

The Assam Cabinet approved a ₹1,272 crore investment in BVFCL's Namrup-IV unit, boosting urea production. Loans to state power companies will be converted to equity, aligning with IGAS-4. Land allotment processes were eased for institutions under Mission Basundhara 3.0, and land acquisition for a new judicial township in Rangmahal was approved.

Assam Govt to purchase 40% share of BVFCL for setting up 4th unit of fertilizer plant in Namrup

Guwahati, Dec 19: The Assam Cabinet has approved the purchase of a 40% equity stake in the Brahmaputra Valley Fertilizer Corporation Limited (BVFCL) to facilitate the establishment of the Rs 10,601 crore Namrup Fertilizer Plant-IV. The move is seen as a major step toward reviving the region’s fertilizer industry, which has been non-operational since 2020, and bolstering Assam’s agricultural sector. “The Central Government will hold a 60% equity …