NTPC, Coal India Incorporate Joint Venture To Revive Fertilizer Corporation Plants

New Delhi: NTPC on Wednesday formally announced incorporation of a joint venture with Coal India - Hindustan Urvarak & Rasayn Ltd - to revive the Gorakhpur and Sindri plants of Fertilizer Corporation of India. NTPC Ltd said in a filing to the BSE that "pursuant to joint venture agreement dated May 16, 2016 signed with Coal India Ltd, a Joint Venture Company in the name of 'Hindustan Urvarak & Rasayn Limited', with 50:50 shareholding...