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of <h1>Cabinet Approves HFCL Restructuring: Waives Rs. 9,079.49 Crore Debt; Transfers Barauni Land for Revival, Boosts Eastern India Growth.</h1> The Union Cabinet approved the financial restructuring of Hindustan Fertilizers Corporation Limited (HFCL), including a waiver of a Rs. 1916.14 crore government loan and Rs. 7163.35 crore in interest. Additionally, 56 acres of land from the Barauni unit will be transferred to settle HFCL's dues, aiding in its revival. The Barauni unit, inactive since 1999, will help meet the urea demand in Bihar, West Bengal, and Jharkhand, reducing transportation costs and government subsidies. The project will create 400 direct and 1200 indirect jobs and support the Jagdishpur-Haldia gas pipeline, boosting economic growth in eastern India.
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