FCIL, HFCL sick units valued at Rs 5,582 cr

The estimated value of its ammonia-I plant, which is not in operation has been fixed at Rs 11.70 crore by M/s Kohli Associated, New Delhi, approved valuers, the Minister added.

Jena said the estimated valuation of scrap of machines and equipment of the closed ammonia-urea plant at Fertiliser and Chemicals Travancore, Cochin division, at Rs 26.29 crore has not been accepted by the board as it feels that the plant has been undervalued.

"Government contemplates gainful utilisation of the land and assets lying idle by setting up a minimum 1.27 million tonnes per annum urea plant at each of closed units of HFCL and FCIL, besides any other permitted industrial activity," Jena added.