Chemical
GSFC to start calcium nitrate manufacturing
The company is planning to commence the production with initial capacity of approximately 10,000 MTPA, expandable up to 15,000 MTPA.
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By Pravin Prashant | October 06, 2020
Gujarat State Fertilizers & Chemicals (GSFC) announced that the company is taking up manufacturing of calcium nitrate (CN) which is a promising water soluble fertilizer and is entirely imported as on date.
With this, GSFC will become the first company in India to manufacture indigenous calcium nitrate under the 'Aatma Nirbhar Bharat Abhiyan'.
Calcium Nitrate is used all across the country, mainly in horticultural and field crops. India's annual requirement of this product is around 1,20,000 MT which is entirely imported (100%) with an import value of about Rs. 250 crore in FY 2019-20.
GSFC is planning to commence the production with initial capacity of approximately 10,000 MTPA, expandable up to 15,000 MTPA.
It is also likely to reach to 30,000 MT in next 12 months. This will add Rs. 20 crore to the top line of the company with about 7% to 8 % addition in the bottom line.
Recently, the company has also restarted its methanol plant with an installed capacity of 525 metric tonnes per day. With methanol plant operational, the company's topline will be up by approximately Rs. 150 crore in FY 2020-21.
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