Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Lump Sum Term Key contract for Talcher Fertilizers Limited project awarded

Posted On: 2019-09-17 19:13:35

Marking an important milestone for Talcher Fertilizers Limited (TFL), the Lump Sum Term Key (LSTK) contract of the project has been awarded and a 'Ceremony of Award' was held here today in the presence of Hon'ble Minister for Chemicals and Fertilisers, Shri D V Sadananda Gowda, Hon'ble Minster for Petroleum & Natural Gas and Steel, Shri Dharmendra Pradhan other distinguished guests.

The LSTK contract has been awarded to M/s Wuhuan Engineering Co. Ltd., China which has been selected as the LSTK contractor for implementing the coal gasification and ammonia/urea packages of Talcher Fertilizers Ltd. after following rigorous tendering process. M/s Wuhuan has rich EPC experience in coal gasiflcation plants.

In order to augment the domestic urea capacity, revival of closed fertilizer units of Fertilizer Corporation of India Ltd. (FCIL) has been top priority agenda of the Government of India. Accordingly, the Government has mandated TFL, a Joint Venture Company of nominated PSUs Viz. RCF, CIL, FCIL and GAIL, to revive the Talcher unit of FCIL.

With an estimated investment of Rs. 13,277 cr. the project shall produce 1.27 MMTPA of Neem coated Urea through gasification of a mixed feedstock comprising of high ash Indian coal and petcoke. TFL has been allotted northern part of North Arkhapal mine as captive mine for meeting its coal requirements and petcoke shall be sourced from Paradip refinery of IOCL. The commissioning of this project is expected in third quarter of 2023.

The 'Inauguration of Works' of the project has already been done by Hon'ble Prime Minister Shri Narendra Modi in Sept, 2018 and since then TFL is executing many of the pre project activities at site which are essential before actual project work commences. Activities like site development, provision of construction water and power, guest house etc. are currently underway at the Talcher site and shall be completed soon. Further tendering process for other major packages is also underway and it is expected that majority ofthe tenders shall be awarded before end of this Financial Year.

This project shall improve India's self-sufficiency in Urea and promote agriculture, growth thereby reducing the import of urea in the country which shall in turn is expected to have a significant effect on the LNG imports besides providing employment opportunities to the local populace and also flipping the ancillary industries in the region. Further success of this technology shall open up new areas in the Indian energy context leading to alternative use of high ash Indian coal in the areas other than conventional thermal power production.

Shares of GAIL (INDIA) LTD. was last trading in BSE at Rs.131.9 as compared to the previous close of Rs. 129.6. The total number of shares traded during the day was 665590 in over 2838 trades.

The stock hit an intraday high of Rs. 133.25 and intraday low of 129.15. The net turnover during the day was Rs. 87267649.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Ambuja Cements Ltd Q3 CY2019 consolidated PAT at Rs. 385.09 crore

SNL Bearings Ltd Q2 net profit declines to Rs. 1.28 crore

Sacheta Metals Ltd Q2 PAT at Rs. 0.41 crore

Sasken Technologies Ltd reports consolidated PAT of Rs. 22.74 crores in Q2 FY 2019-20

TVS Motor Company launches TVS Racing Performance Gear at MotoSoul 2019

Info Edge India Ltd to invest Rs. 1.5 crore in LegitQuest

Responsive Industries Ltd launches IMPACT Carpet Touch®

LTI to acquire Powerupcloud Technologies

IndiGo inaugurates flights to Ho Chi Minh City, its 2nd destination in Vietnam

Lupin's Nagpur facility receives EIR from the U.S. FDA

Indoco's Clinical Research Organisation receives zero 483s from USFDA

Sundaram-Clayton Ltd Q2 consolidated PAT jumps to Rs. 149.77 crore

Alicon Castalloy announces Q2 FY20 Earnings

DFM Foods Ltd expands capacity to 48400 MT

ARSS Infrastructure Projects Ltd's JV bags order from CONCOR

QGO Finance Ltd reports PAT of Rs. 0.14 crore in Q2

L&T to acquire Old Lane stake in L&T Infrastructure Development Projects Ltd

ICRA reaffirms long term rating of The Indian Card Clothing Company Limited

Quick Heal Technologies Limited receives Patent for its Signatureless Behaviour-based Detection Technology

Apollo Micro Systems Ltd to acquire 51% in Ananya SIP RF Technologies Pvt Ltd

JSW Steel Ltd raises Rs. 2000 crores through NCDs

Infosys Accelerates Digital Transformation for Enterprises with Oracle Cloud

IndoStar Capital Finance Limited updates on liquidity position

CARE places ratings of JSW Energy Ltd group on rating watch with negative implications

Patel Engineering Ltd allots 22,33,29,786 rights equity shares

Amber Enterprises India Ltd increases stake in Ever Electronics Pvt Ltd to 70%

Indiabulls Housing Finance Ltd issues offer to debenture holders of NCDs maturing in November, December for pre-mature redemption

LTI Constant Currency Revenue growth up 11.9% YoY

Patel Integrated Logistics Ltd board approves rights issue

Cipla acquires novel anti-infective Elores to further antimicrobial stewardship in critical care in India

I S T Ltd Board approves Sub-division of equity shares

CRISIL reaffirms long-term rating of Indiabulls Housing Finance Ltd

DIL Limited is now Fermenta Biotech Ltd

Jay Bharat Maruti Ltd Q2 consolidated PAT drops to Rs. 3.76 crore

Larsen & Toubro Infotech Ltd board declares first interim dividend of Rs. 12.50 for FY2019-20

Hero MotoCorp announces 5th edition of The Hero Campus Challenge

ZEE Entertainment posts strong performance in a challenging environment

Shemaroo Entertainment Ltd to raise Rs. 250 crores

Larsen & Toubro Infotech Ltd to acquire PowerupCloud

CARE A+ rating assigned to JMC Projects' NCD issue

Brickwork Ratings assigns credit ratings to Vikas EcoTech Ltd

Shemaroo Entertainment Ltd Q2 FY 2019-20 consolidated net profit at Rs. 19.49 crores

ZEE Entertainment Enterprises Ltd posts consolidate PAT of Rs. 413.23 crores in Q2

Larsen & Toubro Infotech Ltd Q2 consolidated PAT at Rs. 360.1 crore

Cyient Ltd announces Q2 FY2019-20 results

TVS Motor Company's EBITDA increased from 8.6% in Q2 of FY 2018-19 to 8.8% in Q2 of FY 2019-20

Mastek Ltd Q2FY20 Total Income at Rs 252.7 crore

Ind-Ra affirms India Glycols Ltd's long-term rating

AksharChem India Ltd announces shutdown of Vinyl Sulphone plant for repairs and maintenance

FDC Ltd to acquire 'ENTEROPLUS' from GlaxoSmithKline Pharmaceuticals Ltd







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019