Adani Group may bid for Sindri urea plant
Adani Enterprises is mulling to bid for the now-shut Sindri urea plant in Jharkhand as the group plans to foray into the fertiliser sector. It is considering participating in the tender which the government is likely to float soon for revival of the urea plant. The plant, which has been lying shut since 2002, may require at least Rs 6,000 crore investment for revival. The Cabinet had approved revival of the plant by selecting an operator through open bidding. The plant could cater the demands of urea in Bihar, Jharkhand, West Bengal, as neither of these states have any fertiliser plant.