Matix Fertilizers' `7,000-cr urea plant goes on-stream
2 Oct 2017 10:41 PM IST
New Delhi: Matix Fertilizers and Chemicals' Rs 7,000-crore urea plant in Panagarh in West Bengal has started production, a top official of the company said on Monday.
This is the first coal bed methane (CBM) urea plant in the country and will be key to fertiliser security of north- eastern states, Matix Fertilizers and Chemicals Managing Director P R Dhariwal said.
"Total capacity of the plant is 1.3 million tonnes and at present, it is producing only 40 per cent of the same. But we are confident, by the end of this year, it will touch the 100 per cent level," Dhariwal claimed.
The plant, according to the MD, is strategically located, close to the feedstock source, and in the midst of the consumption centre.
The CBM, he said, will be sourced from Essar Oil's Raniganj block.
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