HURL celebrates 10th foundation day at Gorakhpur unit – A decade of purpose and progress
(HURL), a joint venture of NTPC, IOCL, CIL, FCIL, and HFCL, celebrated its 10th
Foundation Day
with pride and enthusiasm at its Gorakhpur unit on 15th June 2025 — a key milestone marking a decade of service to
Indian agriculture
, indigenous
urea production
, and sustainable growth.
The celebrations reflected the journey of transformation that HURL has undertaken since its inception in 2016, culminating in the successful commissioning and operation of state-of-the-art fertilizer plants in Gorakhpur, Sindri, and Barauni.
At HURL Gorakhpur, the day began with a plantation drive, symbolizing the organization's enduring commitment to
environmental sustainability
and a greener future. This was followed by a plant tour led by Managing Director Dr. Siba Prasad Mohanty, along with the Directors, Plant Head, and HODs, where the technical team showcased HURL's operational excellence and technological capabilities.
A Prize Distribution Ceremony was held to felicitate the Loading & Packing Workers, acknowledging their critical role in plant operations and their steadfast dedication.
The evening witnessed a vibrant gathering of dignitaries and employees, featuring inspiring speeches from HURL's leadership. A special presentation by the Plant Head highlighted the unit's achievements, growth trajectory, and vision for the future.
In a heartfelt message, the Chairman of HURL stated:
"HURL's journey over the last 10 years is a testament to what can be achieved through vision, collaboration, and commitment. As we celebrate this milestone at our Gorakhpur unit, we honour not just our infrastructure, but the people — from engineers to operators — who bring purpose to our progress. Let this Foundation Day reignite our collective pledge to build a self-reliant and sustainable India."
Echoing this sentiment, Dr. Siba Prasad Mohanty, Managing Director, HURL, said:
"We are not just manufacturing urea — we are nurturing the backbone of India. The past decade has been about building capacity and confidence. The future will be about innovation, farmer empowerment, and green growth."
The celebration at Gorakhpur stood as a powerful reminder of HURL's values — rooted in gratitude, powered by people, and driven by purpose — as the company looks ahead to the next decade of impact and innovation.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
25 minutes ago
- Indian Express
Corporate loan growth slows in April-June quarter as firms delay investments, shift to cheaper debt market
Corporate loan growth by domestic banks slowed down in the first quarter of FY26, as companies put off investment decisions. This was largely due to uncertainty around tariffs, weak demand that held back private capital spending, and a shift towards cheaper funding options in the corporate bond market. Additionally, many companies continued to reduce their debt levels, which further dampened loan demand. Between April and June 2025, bank lending to industries grew at the slowest pace in over three years, signalling muted credit demand from the corporate sector. According to RBI data, loans to industries — including micro, small, medium, and large enterprises — rose by 5.49 per cent year-on-year to Rs 39.32 lakh crore, marking the weakest growth since March 2022. In Q1 FY26, the country's largest lender, State Bank of India (SBI), reported a 5.7 per cent Y-o-Y growth in its corporate loan book, but saw a fall of 3 per cent on a Q-o-Q basis. Private sector lenders ICICI Bank and HDFC Bank posted Y-o-Y growth of 7.5 per cent and 1.7 per cent, respectively, in their corporate loan portfolios, but witnessed sequential declines of 1.4 per cent and 1.3 per cent, respectively. A banking analyst noted that this reflects a phase of growth without fresh investment in the economy. The industrial growth as measured by the Index of Industrial Production (IIP) slowed to 2 per cent in April-June 2025, compared to 4 per cent in the previous quarter. According to SBI chairman C S Setty, the tepid growth in the corporate loan book was mainly on account of delay in investment decisions by corporates due to uncertainties caused by the higher tariff announcement by US President Donald Trump in April this year, shift in borrowing from banks to other alternate sources and higher prepayments of loans by corporates. While state-run Bank of Baroda's corporate loan book expanded by 4.2 per cent Y-o-Y , it registered a sharp dip of 10.2 per cent Q-o-Q. Corporate advances of Union Bank of India and Bank of India rose 2.68 per cent and 4.49 per cent y-o-y, respectively, though their books declined 4.83 per cent and 1.5 per cent sequentially in April-June 2025 quarter. Canara Bank and Punjab National Bank's corporate book grew flat at 0.48 per cent and 1.1 per cent, respectively, on a Q-o-Q basis in June 2025 quarter. Bank of Baroda's chief economist Madan Sabnavis attributes weak credit demand from corporates to the slowdown in investments as companies await a revival in demand. The US President had initially announced to impose a 26 per cent tariff on imports of Indian goods, but later declared a 90-day pause, which resulted in corporates holding back on expansions and new investments. He subsequently doubled the tariff on India to 50 per cent. 'An important factor to consider is the uncertainty in terms of how these tariffs are going to play out and how quickly this is going to be addressed. Due to this uncertainty, a lot of investment decisions could be delayed and people will postpone their spending. This is the second order impact of tariffs,' Setty said during a press conference post the declaration of the Q1 FY26 results. Easing rates in the debt market following the Reserve Bank of India's (RBI) 100 basis points (bps) reduction in the repo rate since February has prompted corporates to shift from banks to debt market instruments. 'Some large corporates are accessing the commercial paper (CP) market to replace working capital limits. This is expected because there is a good amount of liquidity (in the CP market). The rates are much more affordable (in the CP market) compared to borrowing from banks,' Setty said. The lender has seen working capital limit utilisation by corporates in his bank falling to 58 per cent from 62 per cent in Q1 FY25. Total funds raised through CP increased to Rs 4.51 lakh crore in April-June 2025 quarter, compared Rs 3.8 lakh crore in same period of FY25, and Rs 4.38 lakh crore in January-March 2025 quarter, according to Besides CPs, companies are also tapping the corporate debt market for cheaper funds compared to bank loans, which has impacted corporate loan growth of banks. In the first quarter of the current fiscal, corporates mobilised Rs 3.42 lakh crore through private placement of bonds, data from showed. 'We believe that funds raised through the bond market are being largely used by corporates to support ongoing business needs rather than for long-term capital investment,' said Saswata Guha, senior director, Financial Institutions (Banks), Fitch Ratings. With access to cheaper funds through CP and corporate bond markets, along with strong cash flows, domestic corporates have continuously reduced their debt, resulting in slower corporate credit growth. 'Corporates having strong cash flows are deleveraging. So, the (credit) demand is not that much because there is a deleveraging happening on the corporate book,' Bank of Baroda's managing director and CEO, Debadatta Chand, said during an analyst meet for the quarter ended June 2025. Lenders have also become prudent in lending to corporates as they do not want to overexpose themselves while expanding their corporate loan book. 'Banks are mindful of risk-return tradeoff and focus on risk-adjusted returns which makes them quite sensitive to pricing. They are also mindful of concentration risk embedded in a corporate exposure,' said Fitch Ratings' Guha. 'While lenders are trying to be more prudent in ensuring that their risk-adjusted returns on corporate exposure are justified, they can do so because retail and small business lending continues to grow healthy,' he said. Banks are hopeful of a stronger growth in corporate advances from the third quarter of the current fiscal. While SBI expects its corporate loan book to grow by 10 per cent in Q3 of FY26, Bank of Baroda is confident of achieving a 9-10 per cent growth in the segment during FY26. 'The shift (for funding from banks to the debt market) has happened, but I think these shifts keep happening. Once the rates stabilize on the bank side, they (corporates) will come back to utilization (of their working capital limits),' the SBI Chairman said. Setty said SBI has a robust visibility on the corporate loan pipeline in terms of proposals under discussion, and on sanctions which are yet to be disbursed. The bank has a total corporate loan book pipeline of Rs 7 lakh crore. For large-scale capex-led funding requirements, corporates will have to return to the banks, as the bond market alone will not be adequate to fulfill those needs, Guha said.
Time of India
36 minutes ago
- Time of India
Fresh heritage precinct proposal for KMC
1 2 3 4 Kolkata: Calcutta Architectural Legacies (CAL) and Indian National Trust for Art and Cultural Heritage (INTACH) that have been nudging the Kolkata Municipal Corporation to accord heritage precinct status to historic neighbourhoods in Kolkata with significant built architecture have again submitted the proposal on Dalhousie Square and Bow Barracks. In addition, work on a dossier is underway to demarcate two other localities — Lake Temple Road and College Street — as precincts as well. The proposal on Dalhousie Square, now known as BBD Bag, had earlier been submitted to KMC in Sept 2024. CAL and INTACH resubmitted the proposal last week following a request by KMC commissioner Dhaval Jain. The dossier was prepared by architects Partha Ranjan Das and Kamalika Bose to give shape to a demand that CAL founder and writer Amit Chaudhuri has been raising to declare heritage precincts so that the city's unique built heritage can be preserved. You Can Also Check: Kolkata AQI | Weather in Kolkata | Bank Holidays in Kolkata | Public Holidays in Kolkata | Gold Rates Today in Kolkata | Silver Rates Today in Kolkata "We need to declare zones as heritage precincts to retain the character of these localities instead of focusing just on individual buildings," said Chaudhuri. INTACH that has been promoting heritage conservation in the city for decades has lent its weight to the proposal. INTACH and CAL had moved Calcutta High Court in 2019 with a PIL on the unilateral delisting of heritage buildings and later argued for the declaration of heritage precincts. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Could This NEW Collagen Blend Finally Reduce Your Cellulite? Vitauthority Learn More Undo The HC had in Jan 2025 issued an order asking the state to approve the draft KMC rules for heritage buildings within 8 weeks. But there has been no headway on the issue yet. "Since the HC deadline has lapsed, KMC needs to urgently take it up with the state government and act on the matter," said GM Kapur of INTACH. Several other Indian cities, including Mumbai, Delhi, Bengaluru, Ahmedabad and Pondicherry, have heritage precincts that ensure that any new development does not alter the character of the zone. Speaking to TOI, conservation architect Das said the proposal maps the heritage precinct of Dalhousie Square and Bow Barracks and spells out building rules that will govern addition and alteration to existing buildings and addition of a fresh building in the precinct. "The proposal is not anti-development but regulated development so that the inherent character of the neighbourhood or precinct is retained," explained Das. CAL, which was set up around a decade ago by a group of like-minded citizens united in the common goal of working to prevent the disappearance of our city's distinctive residential neighbourhoods and other marks of modernity unique to Kolkata, has been advocating the need to declare zones as heritage precincts to retain the character of these localities instead of focusing just on individual buildings. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.
United News of India
an hour ago
- United News of India
PM Modi inaugurates Rs 11,000-cr highway projects, slams Kejriwal Govt over development delays
17 Aug 2025 | 8:34 PM New Delhi, Aug 17 (UNI) Prime Minister Narendra Modi today inaugurated two major infrastructure projects worth Rs 11,000 crore in the national capital — the Delhi section of the Dwarka Expressway and the Urban Extension Road-II (UER-II). It aims to significantly decongest traffic while improving connectivity across Delhi and the wider National Capital Region (NCR). see more.. Maha Guv CP Radhakrishnan will be the NDA's candidate for the Vice Presidential election 17 Aug 2025 | 8:05 PM UNI XC GNK. Indian Embassy in Berlin organises Bharat Parade, Mallakhamb performance, to celebrate I-day 17 Aug 2025 | 7:49 PM Berlin/New Delhi, Aug 17 (UNI) The Indian Embassy in Berlin, in collaboration with Indian National Day Celebration Committee (INDCC) and The Tagore Centre, organised a Bharat Parade at the iconic Brandenburg Gate to commemorate the 79th Independence Day of India. see more.. 17 Aug 2025 | 7:41 PM New Delhi, Aug 17 (UNI) Chinese Foreign Minister Wang Yi will call on Prime Minister Narendra Modi, and also hold talks with External Affairs Minister S Jaishankar and National Security Advisor Ajit Doval during his two-day visit that begins tomorrow. see more.. 17 Aug 2025 | 6:59 PM New Delhi, Aug 17 (UNI) Chief Election Commissioner (CEC) Gyanesh Kumar today firmly rejected Leader of Opposition Rahul Gandhi's 'vote chori' allegation and asked him to either sign an affidavit or apologise to the nation. see more..
