India, March 26 -- The Government introduced the New Investment Policy (NIP) in 2012, with an amendment in 2014, to attract fresh investments and achieve self-sufficiency in the urea sector. Under NIP-2012, six new urea units have been established, including four through Joint Venture Companies (JVCs) and two by private companies.
The JVC units include Ramagundam Fertilizers and Chemicals Ltd. (RFCL) in Telangana, and Hindustan Urvarak & Rasayan Limited (HURL) units in Gorakhpur (Uttar Pradesh), Sindri (Jharkhand), and Barauni (Bihar). Private companies Chambal Fertilizers and Chemicals Ltd. (CFCL) and Matix Fertilizers and Chemicals Ltd. (Matix) have set up units in Gadepan, Rajasthan, and Panagarh, West Bengal, respectively. Each unit ha...