CCEA in its meeting held on 13.07.2016 had approved revival of Gorakhpur & Sindri units of FCIL and Barauni unit of HFCL through nomination basis by forming a Joint Venture of nominated PSUs. Accordingly, a Joint Venture Company was incorporated as Hindustan Urvarak & Rasayan Limited (HURL). Equity of National Thermal Power Corporation Limited (NTPC), Indian Oil Corporation Limited (IOCL) and Coal India Limited (CIL) is 29.67% each whereas in case of Fertilizer Corporation of India Limited (FCIL), it is 10.99%. HURL is setting up three Gas based Urea manufacturing units at Gorakhpur, Sindri and Barauni. The capacity of each plant is 12.7 LMT per annum.