Business Standard
Tuesday, May 22, 2012
Sponsored by  
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Commodities
 

AP seeks KG basin gas for Rs 1,000-cr Iffco plant
BS Reporter / Chennai/ Hyderabad Sep 03, 2010, 00:02 IST

The Andhra Pradesh government has requested the Centre to allocate K-G basin gas to Indian Farmers Fertiliser Cooperative Limited (Iffco)’s urea plant in Nellore district.

“We are facing a huge demand-supply gap in fertilisers that can be seen by the long lines and agitations of farmers waiting for fertilisers in the state. With active support and policy initiatives, we would like to resolve this issue with a durable solution,” chief minister K Rosaiah said.

Iffco has come forward to invest Rs1,000 crore and build a 2.6-million tonne capacity urea plan in the state. It has acquired about 2,700 acre near Krishnapatnam port in Nellore district for setting up an ammonia-urea plant in 1997. However, this facility could not be materialised as there was no availability of natural gas so far.

A major natural gas pipeline, to be laid by Reliance Industries Limited, would be passing along the National Highway close to Iffco’s existing site at Nellore.

“We understand that the pipeline is scheduled to be completed by 2012,” the chief minister said, adding farmers of Andhra Pradesh, Tamil Nadu and Karnataka could be benefited as this plant would cater to the high demand areas of these states.

Requesting the Centre to allocate the K-G gas to the Iffco urea plant, which would require about 3 million standard cubic metres per day (mmscmd) gas in Phase-I and another 3 mmscmd in Phase-II, Rosaiah said a favourable decision of in-principle allocation of the required natural gas would enable Iffco to invest and make ready its plant by 2013-14.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets end flat, weakening rupee weighs
- UK regulator decision to fine NRI financial advisers upheld
- 30 striking AI pilots sacked, two return to work
- Speciality Restaurants sets IPO price at Rs 150 per share
- Shriram EPC bags Rs 165 cr contract in Kerala
  Read Business news in 
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- Journey on, We are by Your Side. Click here to know more
- The Best Seller is Also the No. 1 in Mileage. Click here
- One Partnership Endless Possibilities. Click here to know more
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- Watch The Film Here. Click here to know more..
- Leader in Passenger Car & Automobile Tyres. Click here
- 1 billion in saving for Unilever without any tangles.
- Learn How One City is Running on FOOD SCRAPS.
- Helping doctors detect diseases earlier, saving costs & extending lives.
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
Sorry, comments to this story are closed
Latest Messages
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- Premji says his son Rishad may succeed him eventually
- RIL seeks $1 bn loan to fund expansion
- SDA pitches for diamond and jewellery courses at ITIs
- NTPC's Bangladesh plan hits Sunderbans hurdle
- Facebook IPO spawns social media angels
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  Hot Searches  
 
Creamy layer |  Air India |  GAAR |  DRDO  |  Black Widow |  Satyamev Jayate |  Akshaya Tritiya |  Aamir Khan |  IPL |  IVRCL |  Ertiga |  Sarfaesi Act |  Vodafone |  Imagine TV |  Transfer pricing |  Rupee |  Kingfisher Airlines |  Silver |  Provident Fund |  income tax refund |  Budget 2012 |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us