100th Day Of Lockdown

Maharashtra180298931548053 Tamil Nadu94049529261264 Delhi89802599922803 Gujarat33318240381869 Uttar Pradesh2405616629718 West Bengal1917012528683 Rajasthan1831214574421 Telangana173578082267 Karnataka165148065253 Andhra Pradesh152526988193 Haryana1494110499240 Madhya Pradesh1386110655581 Bihar10204781173 Assam8956583212 Jammu and Kashmir76954856105 Odisha7316535333 Punjab56683989149 Kerala4594243626 Uttarakhand2791190937 Chhatisgarh2339193713 Jharkhand2339160512 Tripura140110931 Manipur12605790 Goa11984783 Himachal Pradesh9796179 Puducherry73930112 Nagaland5351820 Chandigarh4463676 Arunachal Pradesh182601 Mizoram1601230 Sikkim88490 Meghalaya50421
Business Other News 09 Jun 2016 FCI inks pact with A ...

FCI inks pact with Adani Group for construction of 2 silos

PTI
Published Jun 9, 2016, 5:29 pm IST
Updated Jun 9, 2016, 5:29 pm IST
The two silos estimated cost of about Rs 80 crore would have a combined storage capacity of 75,000 tonnes.
FCI & AALL sign concession agreement for Silos of 25,000 MT. (Photo: Twitter)
 FCI & AALL sign concession agreement for Silos of 25,000 MT. (Photo: Twitter)

New Delhi: State-run Food Corporation of India(FCI) has entered into an agreement with Adani group for construction of two silos to store wheat, at an estimated cost of about Rs 80 crore.

The two silos would have a combined storage capacity of 75,000 tonnes. As part of the agreement, Adani Agri Logistics will construct silos at Kotkapura in Punjab and Katihar in Bihar in the next two years, a senior government official said. The silos will be designed, built, financed and operated by the private partner while it will be owned by the FCI.

 

FCI, the government's nodal agency for procurement and distribution of foodgrains, would provide guarantee of rentals for 30 years, the official added. The silo at Kotkapura would be of 25,000 tonne capacity and will require an investment of about Rs 35 crore, while the other silo at Katihar would have a capacity of 50,000 tonnes to be built at a cost of about Rs 45 crore, a source said.

A silo is a steel structure, comprising large size cylindrical shape bins normally each with a capacity of about 12,500 tonnes, where grains can be stored without jute bags for longer duration. FCI will provide the rent assurance for 30 years. For the first year the rate is fixed at Rs 97 per tonne per month.

 The rates will keep on revising based on the predecided formula, the source added. At present the total storage capacity under silos is about 10 lakh tonnes. Out of which 5.5 lakh tonnes is with FCI and remaining is with state-agencies.

...




ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT