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

The Amethi police, yesterday, released a sound byte in which an officer in charge named, Tiloi confirms the the viral video where a Dalit man is seen being beaten up by Muslim men

2019 World Cup Is Here!

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

Proud to be a brand - Made in India?
Now, Advertise on Opindia

Aspiring model Khushi Parihar murdered over ‘friendship with other men’, live-in partner Ashraf Sheikh arrested

Aspiring model Khushi Parihar was found murdered with her head and face smashed on Saturday morning at Chatarpur farms, around 50 KMs away from the Nagpur city, her live-in partner Ashraf Sheikh has been arrested

Interview: Former RAW officer makes further shocking revelations about Hamid Ansari after alleging that he endangered lives of RAW officers in Iran

In this exclusive interview, Former RAW (Research and Analysis Wing) officer NK Sood makes further revelations about his time in Iran, Hamid Ansari and the vilified scientist Nambi Narayanan

Barkha Dutt terms Kapil Sibal a ‘Mallya’ for not paying salaries to Tiranga TV employees while enjoying in London

Barkha Dutt slams Kapil Sibal for sacking employees without due compensation, says the Sibals abused the female staffers

Prime Minister Modi, Hindus are under siege, and now is the right time to speak up

PM Modi will still win elections due to sheer inertia and the pathetic state of the country's opposition but the faith that he commands will take a hit and even if it's among a small section of the support base, it would be a travesty

AAP’s Atishi Marlena passes off foreign country’s sewer treatment plant image as Delhi’s Okhla

Passing off California's sewer treatment plant image as Okhla in Delhi is not the misleading part about the post. 
100 people attacked hospital after patient Saira Bano died of a heart attack

Angry mob of over 100 people barge into Emergency ward of hospital and attack doctors after patient Saira Bano died of heart-attack

A mob of about 100 people took over the Emergency ward of Lari Cardiology and manhandled doctors of the Hospital after Saira Bano died of the heart attack

‘Mazrool said he would make me Musalmani’, said the wife molested by Muslim men who thrashed her husband and hurled casteist abuses

Sonkar has alleged that Mazrool and some other men have been pressurising him to shut down the coaching centre.
Bollywood actor Ajaz Khan

We are 40 crore including legal and illegal : Ajaz Khan urges Muslims to come out and hit the streets

Urging the Muslim community to come out on roads, Khan said they should be ashamed of themselves for not coming out on streets after the alleged lynching of Tabrez Ansari.

Amit Shah intervenes as Owaisi heckles BJP MP during NIA Amendment Bill discussion, asks AIMIM MP to ‘get in habit of listening’

Union Home Minister Amit Shah today came down heavily on AIMIM MP Asaduddin Owaisi during the discussion on NIA Amendment Bill in the Parliament. The assembly was discussing the bill to strengthen the National Investigation Agency. The opposition, however, was spooked by the amendments and tried to give it...
Subscribe to Day's Top Stories
- Advertisment -

Latest articles

Connect with us

173,422FansLike
158,007FollowersFollow
74,738SubscribersSubscribe
Help Opindia Reach Every Indian. Share This Post