Home Fact-Check Fact Check: Journalist furthers lie about Mukesh Ambani being 'mystery owner' of Talcher Fertilizer Ltd

Fact Check: Journalist furthers lie about Mukesh Ambani being ‘mystery owner’ of Talcher Fertilizer Ltd

Prime Minister Narendra Modi on Saturday laid the foundation stone for the Talcher Fertilizer plant at Angul in Odisha which is expected to reduce dependence on gas and urea imports. The project is expected to be commissioned in 3 years time and Modi promised that he will be back after 3 years to inaugurate it.

A rumour has been floated on social media that Mukesh Ambani, the business tycoon, could be the ‘mystery owner’ of Talcher Fertilizer Plant (TFL) which is touted to be India’s first Coal Gasification based fertilizer plant.

The person does not offer entirely plausible reasons for his assumption. He says in his tweet, “Ambani proxies opened 2 companies, both named “TALCHER II TRANSMISSION COMPANY LIMITED” on the same date, long ago.”

- Ad - - article resumes -

The claims appeared too fantastical to be true. Therefore, we decided to investigate the matter.

After a casual glance at Talcher Fertilizer Ltd’s (TFL) website, it becomes clear that the person behind the claims lost sight of essential details in pursuit of a premeditated agenda. There doesn’t appear to be any scope for a ‘mystery owner’ as the TFL is a consortium of four state-run companies. Its website states, “Joint Venture Company was incorporated on 27.10.2015 with contributing equity of GAIL, CIL and RCF being 29.67% each while FCIL retaining 10.99% equity.”

The person also appears to have reached the conclusion regarding the Licensor for the project without paying a single visit to TFL’s website. Their website clearly mentions that the Licensor for the Coal gasification was M/s Krupp Koppers.

The person’s claim that Ambani opened companies named Talcher-II Transmission Company Limited also appears to be unfounded. A quick search reveals that the Talcher-II was “incorporated as a wholly owned subsidiary of REC Transmission Projects Company Limited, on 1 May 2007” as per its own website. It was only after a successful bidding process that the company, which is a project specific SPV, was acquired by Reliance Power Transmission Limited on 27.04.2010.

The point to be emphasised here is that Talcher II which was acquired by Reliance is a power company and has nothing do to with Talcher Fertilizers Ltd (TFL).

Thus, it is clear that the insinuation that Mukesh Ambani is somehow associated with TFL is clearly unfounded and based on the figments of an individual’s own imagination. Thus, it was only natural that numerous activists perceived it as gospel truth.

Paranjoy Guha Thakurta, a member of the governing council of the NGO Common Cause along with Prashant Bhushan and a journalist, was quick to conclude that the ‘mystery owner’ is India’s richest man. Common Cause is an NGO that receives funds from abroad and indulges in activism on contentious in India.

It appears now that a certain section of the political spectrum is so keen on proving that the tentacles of Ambani are behind every government deal, they are concocting facts out of their own imagination as evidence of ‘collusion’. It is also important to remember that even if Reliance was indeed the licensor, it wouldn’t have been any evidence of malpractice as Reliance has the right, like every other company, to participate in the bidding process if it meets the requirements.

Help Opindia Reach Every Indian. Share This Post
We need your support to survive in the media industry. Please consider paying us for the content we produce:

To know more about these payments, please click here.


Big Story

NCP chief Sharad Pawar expressed his admiration for terror state Pakistan stating that the people of Pakistan are "very hospitable" while blaming BJP govt for spreading lies about Pakistan for political gains

2019 World Cup Is Here!

Catch the latest on Cricket World Cup as it unfolds, special coverage by Opindia

To Advertise on Opindia.com Click here

Rakesh Jhunjhunwala slams notions of economic crisis gripping the country

“I don’t want Pappu to be my Prime Minister”: Investor Rakesh Jhunjhunwala says PM Modi has performed very well

In an explosive interview, Rakesh Jhunjhunwala pulled no punches in rubbishing the doomsayers casting aspersions on Modi government

Fact-Check: Is Zaira Wasim making a comeback with The Sky Is Pink after quitting Bollywood for Islam?

The trailer The Sky Is Pink starring Priyanka Chopra and Farhan Akhtar was released on 10th September and it also starts Zaira Wasim
Imran Khan has assumed that all 1.2 billion Muslims in the world are jobless enough to listen to his useless rants

Imran Khan’s new Friday fad: Comes to PoK to declare that Indian Muslims will rise against India

PoK activist Amjad Ayub Mirza had stated yesterday that Khan's party and the Pakistani authorities had ferried people from Abottabad and Rawalpindi to attend the rally.

Raj Thackeray’s MNS, with zero Vidhan Sabha seats, threatens to boycott forthcoming Maharashtra Assembly elections

Raj Thackeray's MNS is contemplating to boycott the upcoming Maharashtra state assembly elections
Allahabad University professor goes on indefinite leave after video insulting Hindu gods goes viral

Allahabad University professor who had boasted of urinating on a Shivling in viral video goes on indefinite leave, claims ‘lynching’ fear

Dr Vikram Harijan had claimed in the video that he had once urinated on a Shivling just to prove that the gods cannot do him any harm.
Vivek Ranjan Agnihotri

Vivek ‘Ranjan’ Agnihotri speaks about caste politics being played in Bollywood

Vivek Agnihotri responds to Neeraj Ghaywan’s tweets, and also shares a hitherto unknown trivia about his full name.

Committed to holding transparent recruitment: Railways rubbishes Ravish Kumar’s claims on RRB Group D exams

In the post addressed to Railway Minister Piyush Goyal, Ravish Kumar claimed that many students have been left behind and have not ben able to fill the forms of RRB Group D exams.
Neeraj Ghaywan wants reservations in Bollywood

When Bollywood starts asking ‘Kaun Jaat Ho?’

A young filmmaker responds to Director Neeraj Ghaywan’s policy of hiring people from certain castes only.

Tej Pratap Yadav accuses wife of defaming him by leaking stories to Media, says she wants to ‘scandalise the court’

Today, a video surfaced where Rai was seen leaving teary-eyes from her mother-in-law, Rabri Devi's house.

Liberals opposing award to PM Modi over Swachch Bharat shows how little they care about real issues

'Liberals' want the award to be redirected to “community-based organizations and grassroots advocates" instead of PM Modi, in short, they want the award to be given to people like them.
Subscribe to Day's Top Stories
[newsletter_form type="minimal"]
- Advertisment -

Latest articles

Connect with us

182,718FansLike
179,644FollowersFollow
97,198SubscribersSubscribe
Help Opindia Reach Every Indian. Share This Post