New Delhi, Sept. 26 -- India's push to cut its heavy dependence on imported urea has drawn investment proposals worth as much as Rs.2.04 trillion, with 17 of them from companies including state-run GAIL (India) Ltd, Hindustan Urvarak & Rasayan Ltd (HURL), Kribhco, Chambal Fertilisers and Chemicals Ltd and Matix Fertilisers and Chemicals Ltd, according to two people aware of the development. If cleared, the projects could take about three years to come onstream, said experts.

The proposals, being examined by the department of fertilizers, cover new plants as well as expansions of existing facilities and come under the government's new National Investment Policy for Urea (Nipu)-2026. If they fructify, the projects could add substantially t...