FCI inks pact with Adani Group

Food Corporation of India (FCI), a state-run organization has signed an agreement with the Adani group for construction of two silos to store wheat, at an estimated cost of about Rs 80 crore. These two silos would have a combined storage capacity of 75,000 tons. The silos will be designed, built, financed and operated by the private partner Adani group, while it will be owned by the FCI. A silo is a steel structure, comprising large size cylindrical shape bins normally each with a capacity of about 12,500 tons, where grains can be stored without jute bags for the longer duration.

As part of the agreement, Adani Agri Logistics will construct silos at Kotkapura in Punjab and Katihar in Bihar in the next two yearsThe silo at Kotkapura would be of 25,000 -tons capacity and will require an investment of about Rs 35 crore while the other silo at Katihar would have a capacity of 50,000 tons to be built at a cost of about Rs 45 crore. At present, the total storage capacity under silos is about 10 lakh tons. Out of which 5.5 lakh tons is with FCI and remaining is with state agencies. 

So let’s discuss some questions related to this post :
1. Name the company which has signed an agreement with FCI forconstruction of two silos to store wheat?
2. Name the place where Adani group will construct the two silos?

Courtesy:Business Standard


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