Guwahati: Siba Prasad Mohanty, the managing director of Hindustan Urvarak and Rasayan Ltd (HURL), has been named the first-ever Managing Director of the newly incorporated state-run entity, Assam Valley Fertiliser and Chemical Company Ltd (AVFCCL).
“HURL managing director Siba Prasad Mohanty has been appointed as the first MD of Assam Valley Fertiliser and Chemical Company Limited (AVFCCL),” HURL said in a statement.
AVFCCL is a joint venture between the Government of Assam, Oil India, National Fertilisers Ltd (NFL), HURL and Brahmaputra Valley Fertiliser Corp Ltd (BVFCL).
“This appointment is a well-deserved recognition of Dr Mohanty’s exemplary leadership and his significant contributions to India’s fertiliser sector,” the statement said.
Last month, the Assam Valley Fertilizer and Chemical Company Limited (AVFCCL), a new brownfield ammonia-urea complex within the existing fertiliser corporation in Namrup, was incorporated as a company.
The new brownfield complex within the existing premises of Brahmaputra Valley Fertilizer Corporation Limited (BVFCL), Namrup, was approved by the Union Cabinet in March this year.
“This company will power up and realise the dream of the Ammonia Urea Complex in Namrup, which the Govt of India announced,” Assam Chief Minister Himanta Biswa Sarma had said.
Union Finance Minister Nirmala Sitharaman, in her budget speech earlier this year, had announced a new urea plant with an annual capacity of 12.7 lakh metric tons at Namrup.
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BVFCL was formed in April 2002 after hiving off the Namrup Unit of HFCL. It is under the administrative control of the Ministry of Chemicals and Fertilisers with 100 per cent shareholding by the Government of India.
