ONGC in
the attempt to expand its horizon in the far eastern regions of India has
planned to invest mega fertilizer plant of about Rs 5,000 crore in North Tripura in partnership with a Rajasthan based company known as Chambal
Fertilizers and Chemicals Ltd.
Already
works are going on vigorously with drill of 223 wells by the state-owned ONGC along
with more gas exploration for enhancement of power generation and positioning
of a fertilizer plant.
According to Oil
and Natural Gas Corp’s Executive Director S.C. Soni in account to last years’ three
drilling rigs progress it has been more intensified presently where out of
seven about four are obtained by the company. To hype the drilling process
the ONGC management has sanctioned further Rs. 3,104 crore in this fertilizer project.
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