Dear Shri. Narendra Modiji,
The State Government has given in principle approval for the negotiated purchase of unutilised surplus land belonging to the FACT by the KINFRA, an agency of State Government. The land value has been mutually arrived at and an MOU has already been signed in this regard.
FACT, one of the oldest Central PSUs in the State, is in critical need of modernisation and expansion of its activities. Its revival has been under consideration of the Ministry of Chemicals and Fertilisers. The Ministry had initially decided that the amount so monetized be used for clearing FACT’s books of accounts/balance sheet so as to use the amount for expansion for FACT. (more…)