HURL Signs the Loan Agreements for Gorakhpur Fertilizer Plant

Sarkaritel
By Sarkaritel September 20, 2018 19:21


Hindustan Urvarak & Rasayan Limited signed the Rupee Term Loan (Rs. 5314.33 crores) agreement for the Gorakhpur fertilizer plant today with a consortium of Banks led by SBI as the lead banker and Punjab National Bank, Allahabad Bank, Union Bank of India, Indian Bank, Bank of India and Canara Bank. Shri Rajnish Kumar, Chairman SBI presided over as the Chief Guest in the presence of Shri Gurdeep Singh, CMD NTPC, Shri Sunil Mehta, MD & CEO PNB, Shri A K Sharma, Director (Finance) IOCL and Shri Arun Gupta, Managing Director (HURL).

HURL is a JVC of 3 Maharana companies i.e., NTPC, IOCL & CIL along with FCIL & HFCL and is currently engaged in implementing 3 urea projects at Gorakhpur, Sindri and Barauni in the eastern part of the country. These plants having capacity of producing 3850 MTPD of neem quoted urea are being built with State-of-the-art technology and environment friendly norms with having highest energy efficiency levels. The commercial production is scheduled to begin from February 2021 which shall bring in a new era of self-sufficiency in meeting the urea requirements of the country.

Sarkaritel
By Sarkaritel September 20, 2018 19:21