No proposal for merger of sick fertiliser units: Govt
Currently there is no such fertiliser manufacturing unit which is running in losses wherein loans have been waived and old machinery has been replaced recently: Minister
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New Delhi: The government has no proposal for the merger of sick public sector fertiliser units with profit-making fertiliser companies at present, Parliament was informed on Tuesday.
Currently, there are two sick public sector fertiliser manufacturing companies FACT (Fertilisers and Chemicals Travancore Ltd) and MFL (Madras Fertilisers Ltd) under the control of the Department of Fertilisers. "Both units are operational. FACT has reported profit from 2018-19 fiscal to 2020-21. MFL has incurred losses from 2015-16 to 2019-20," Minister of State for Chemicals and Fertilisers Bhagwanth Khuba said in a written reply to the Rajya Sabha.
The minister mentioned that currently there is no such fertiliser manufacturing unit which is running in losses wherein loans have been waived and old machinery has been replaced recently. "There is no proposal for merger of sick fertiliser units with profit making fertiliser units at present," he said.
For skill and management development of the personnel of these two sick units, the minister said MFL undertook 75 programmes for 921 personnel in the last three years, while FACT provided training to 268 employees. Replying to another query on status of the closed unit of Hindustan Fertiliser Corporation Ltd (HFCL) located in Begusarai district of Bihar, the minister said the roadmap for its revival by a joint venture company named Hindustan Urvarak and Rasayan Ltd (HURL) is in place.
