ONGC mulls setting up urea manufacturing unit in Tripura
Oil and Natural Gas Corp (ONGC) is mulling setting up a urea manufacturing unit in Tripura to use natural gas discovered in the state.
New Delhi: State-owned Oil and Natural Gas Corp (ONGC) is mulling setting up a urea manufacturing unit in Tripura to use natural gas discovered in the state.
The plant would take about 44-48 months from investment decision, Minister of State for Petroleum and Natural Gas R P N Singh said in a written reply to a question in Lok Sabha here Thursday.
"ONGC is considering setting up a urea manufacturing unit in the state of Tripura for early monetisation of the new gas discovery from Khubal field subject to techno-commercial viability," he said.
The company was in the process of identifying a reputed fertiliser domain company for strategic partnership.
"No site has been selected yet. However, the feasibility is to be carried out based on a suitable site, in and around Khubal gas field, to be identified in consultation with Government of Tripura," he said, adding ONGC does not have any urea manufacturing unit as on date.
To a separate question, Singh said 1,354 officers of ONGC have opted for Voluntary Retirement Scheme (VRS) since 2004.
"ONGC has been operating a VRS regularly every year since 2004, which is generally open for two months in the months of May-June," he said.
The scheme is open for all whole time regular employees who have attained the age of 40 years or above with minimum 15 years of continuous service. This year the scheme was open from May 1 to July 2.
Most officials released on VRS was in 2004-05 when 496 persons left the company. In the following years, the number dwindled to come down to 54 in 2008-09. In 2011-12, 105 were released on VRS. This year, 85 have so far been released and 59 more cases are under process for approval.
ONGC offered VRS to 238 employees in 2005-06, 96 in 2006-07, 60 in 2007-08, 54 in 2008-09, 75 in 2009-10, 86 in 2010-11 and 105 in 2011-12, he added.