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Cabinet Approves Assam's Namrup Fertiliser Plant
The Business Guardian
|March 20, 2025
The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the proposal to establish a new brownfield ammonia-urea plant in Namrup, Assam.
On February 1, Finance Minister Nirmala Sitharaman proposed setting up a fertiliser plant in Namrup, Assam, in her Budget 2025 speech.
The plant will produce 12.7 lakh metric tonnes of urea annually and will be built within the existing premises of Brahmaputra Valley Fertilizer Corporation Limited (BVFCL).
Under the New Investment Policy, 2012, the fertiliser plant will have an estimated total project cost of Rs 10,601.40 crore and a Debt-Equity ratio of 70:30 through a Joint Venture (JV).
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