Rashtriya Chemicals invest $719 million in Thal plant expansion

Rashtriya Chemicals to invest $719 million in Thal plant expansion

4:58 AM, 31st August 2012
Rashtriya Chemicals to invest $719 million in Thal plant expansion

NEW DELHI, INDIA: Rashtriya Chemicals and Fertilisers (RCF) will invest Rs 4,000 crore ($719 million) in next three years to expand its urea capacity at Thal plant near Mumbai. The company has approved for applying the clearance from the Cabinet Committee on Economic Affairs (CCEA) for the project. Action for tie up of feedstock and for obtaining environmental clearance is being undertaken.

The company would also be starting the process for financial tie-up/closure and the lumpsum turnkey (LSTK) contract will be awarded after receiving the CCEA clearance. The Mumbai-based public sector undertaking (PSU) produces various grades of complex fertilisers at its two manufacturing units in Thal and Trombay in Maharashtra. It is one of the country’s leading urea producers.

“The company has plans to expand the capacity of urea at Thal by setting up one single stream ammonia plant of capacity 2,200 tonne per day (TPD) and one single stream urea plant of capacity 3,850 TPD at the existing site. The selection process for LSTK for main plants has been completed. The project cost is expected to be Rs 4,000 crore and will be completed in 36 months period from the zero date,” RCF said in a statement to BSE.

© WOC News



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