 "GSFC plans to invest Rs 1209 cr to expand production")
Gujarat State Fertilizer & Chemicals Limited (GSFC) decided to expand its Nylon-6 capacity with additional production of 15,000 metric tonne per annum (MTPA) to meet the growing demand for plastics in the country. In addition, GSFC is planning to set up a new melamine plant having manufacturing capacity of 40,000 MTPA. The company already has a 15,000-MTPA melamine.
According to a company press release, another notable venture is the Nylon-6 fully drawn yarn (FDY) with capacity of 2,600 MTPA. While the nylon-6 and FDY expansion would foresee investment worth Rs 125 crore and Rs 40 crore, that of melamine will see around Rs 1000 crore investment, taking the total investment in the expansion activities to Rs 1209 crore.
Meanwhile, GSFC announced that it has received the national ‘Golden Peacock Award for Corporate Social Responsibility’ for the year 2014 on January 19, 2015 in Mumbai. “The award, instituted by the Institute of Directors, New Delhi, is regarded as a benchmark of corporate excellence worldwide and receiving this award is the most powerful way of brand building,” said GSFC in a press release.
According to a company press release, another notable venture is the Nylon-6 fully drawn yarn (FDY) with capacity of 2,600 MTPA. While the nylon-6 and FDY expansion would foresee investment worth Rs 125 crore and Rs 40 crore, that of melamine will see around Rs 1000 crore investment, taking the total investment in the expansion activities to Rs 1209 crore.
Meanwhile, GSFC announced that it has received the national ‘Golden Peacock Award for Corporate Social Responsibility’ for the year 2014 on January 19, 2015 in Mumbai. “The award, instituted by the Institute of Directors, New Delhi, is regarded as a benchmark of corporate excellence worldwide and receiving this award is the most powerful way of brand building,” said GSFC in a press release.