India: GSFC Plans to Produce NPK by 2014-2015

State PSU Gujarat State Fertiliser and Chemical (GSFC), one of India’s largest fertilizer producers, located in the West Coast, reported that they will expand the capacity of their DAP facility at Sikka by 400,000 tonnes to produce complex fertilizers by 2014-15. The Sikka facility is located in the Jamnagar district of the state currently has production capacity of 1.1 MT per annum. The company presently imports ammonia and phosphoric acid for manufacturing DAP, and they plan also to set up new phosphoric acid capacity. In the next months they will commission a 160,000 tpa methanol plant at Vadodara.

In 2010-11 the company produced 1.5 million tonnes fertilizers, compared to 1.8 million in 2009-10. The registered net profit for the third quarter ended December 31, 2011, fell down some 25% as against the corresponding period in the previous year. The Government’s involvement in GSFC equity structure has come down to 38.4%, compared to a past 49%.

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