NTPC tied-up with Coal India Limited to foray into Fertilizer Sector
Posted on: 17 May 2016 17:26:17
17 May 2016 Current Affairs: State-run power producer NTPC Limited on 16 May 2016 signed a Joint Venture Agreement (JVA) with state-run miner Coal India limited to foray into the Fertilizer Sector and revive plants of the Fertilizer Corporation of India Limited (FCIL).The JVA was signed by NTPC's General Manager (BD) Arun Kumar Gupta and Coal India's General Manager (Coal Videsh) T Bandopadhyay.
Highlights of the Joint Venture between NTPC and Coal India Limited : The JV company would initially be incorporated with 50:50 equity participation from both.It will also contain the provision of inducting strategic partners at a later date depending upon business requirement of JV company.The joint venture company will take up the revival of FCIL plants at Sindri in Bihar and Gorakhpur in Uttar Pradesh.It will set up an ammonia urea plant at each location.
FreshersLive - No.1 Job site in India. Fresherslive Current Affairs 2016 section offers informative quiz questions with answers regarding latest current affairs today for all sorts of competitive exams like UPSC, TNPSC , IFS, IAS, IPS, railway exams (RRB) and banking exams like IPBS PO, IPBS clerk, Federal Bank PO, ICICI, SBI, RBI legal officer & Grade officer posts and much more. Register with us to get latest Current Affairs Updates. Also get latest Current Affairs news and quiz Updates for free alerts daily through E-mail