Don’t miss the latest developments in business and finance.

Rama Phosphates acquires land and capital investment for new plant

Image
Capital Market
Last Updated : Feb 17 2022 | 1:05 PM IST

To manufacture single super phosphate fertilizer and sulphuric acid

Rama Phosphates has acquired land admeasuring 210377 Sq. Mts. (51.98 Acre) from Maharashtra Industrial Development Corporation (MIDC), Nardana Industrial Area, Dhule District which is bordered by Madhya Pradesh and Gujarat State and the Capital investment for the entire project would be in Phase manner.

Further, to this connection the Company has obtained consent to establish Phase I from Maharashtra Pollution Control Board to manufacture Single Super Phosphate (SSP) including Fortified Zincated & Boranated fertilizer with Capacity of 216000 MTPA & Sulphuric Acid Plant with Capacity of 90000 MTPA and the Capital Investment of the Phase I project is Rs. 48.954 crore.

The Company is at advanced stage of finalizing the Plant and Machinery and consequently Company is targeting to commence the production by the end of FY 2023.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Feb 17 2022 | 12:19 PM IST

Next Story