Current Status
Sindri Fertlizer Factory, along with Gorakhpur, Ramagundam, Talchar and Korba of the FCI were referred to Board of Industrial & Financial Reconstruction (BIFR) after being declared sick in 1992. However, when the Government of India failed in submitting any revival proposal for the closed fertilizer units, the BIFR recommended for their closure. The Government of India on September 5, 2002 decided to close down all loss-making fertilizer units of FCI and Hindustan Fertilizer Corporation and lay off all the employees. The employees of Sindri fertilizer factory units were made to retire under Voluntary Separation Scheme (VSS) and the plants were closed in December 2002. The BIFR then referred the case of closed fertilizer units to Delhi High Court for appointing liquidators for selling the assets of the closed units and clearing the dues of different debtors.
Meanwhile, the GAIL planned to lay Natural Gas pipeline from Jagdishpur in Uttar Pradesh to Haldia in West Bengal which would be laid at around 20-25 kilometres from the factory area. Coal Bed Methane (CBM) exploration in the vicinity and factory location amidst coal mines has further added the interest for revival activity of the Sindri fertilizer factory.
In 2004, the Government of India appealed the Delhi High Court to stop the process of liquidation as it intended to revive the closed fertilizer units of the FCI. Later, the Delhi High Court referred back the matter of closed units of FCI to the BIFR for considering revival of the Sindri fertilizer factory along with other closed down units of FCI at Ramagundam, Talcher, Gorakhpur and Korba.
The Government of India in April 2007 decided in principle to revive the closed Sindri fertilizer factory subject to availability of Natural Gas as input.
In 2010, the Government of India has decided to revive the Sindri fertilizer complex with SAIL as strategic partner and setting up a 5.6 MT Steel Plant, 1.15 MT Urea Plant and a 1000 MW Power Plant was contemplated. The SAIL launched special purpose vehicle for the purpose and got the name of the new project registered as SAIL Sindri Projects Limited(SSPL).
The BIFR on 27th June 2013 approved revival of the Sindri Fertilizer Plant along with other closed down units of the Fertilizer Corporation of India Limited (FCI). The BIFR clearance has paved the way for setting up of the industrial complex at an Sindri fertilizer factory is set to start afresh in its new avatar as SAIL Sindri Projects Ltd (SSPL).
The estimated cost of project is Rs 35,000 crore. SAIL is likely to submit the detailed project report to the Department of Fertilizers, Ministry of Fertilizers & Chemicals, Government of India soon.
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