Gujarat State Fertilisers aims Rs 10,000 cr turnover by 2017-18

With a slew of new projects coming on stream in the next couple of years, the state-owned Gujarat State Fertilisers & Chemicals Ltd (GSFC) is targeting to achieve a turnover of Rs 10,000 crore by 2017-18 from Rs 6000 crore currently. The company has already launched three expansion programmes that includes 10 new projects at a combined cost of Rs 10,000 crore. Fertilisers contribute 60 per cent to the company’s turnover and industrial products account for the rest 40 per cent.
 
The projects lined up include expansion of di-ammonium phosphate (DAP) plant a Sikka in Jamnagar district to 500,000 tonne a year, nylon project, new project for water soluble fertilisers and melamine (raw material for paints, laminates and electrical switchboards) project at Vadodara. Also, GSFC proposes new plants for urea, ammonia, caprolactam (raw material for manufacturing of nylon), melamine and nylon-6, all at Dahej.
 
In fact, Gujarat State Fertilisers & Chemicals is aiming to commission its nylon project at Vadodara by August this year. The new nylon plant, which is being built with an investment of Rs 125 crore, will have a capacity of 15,000 tonne per annum.
 
“Our new nylon plant at Vadodara will be ready by August this year. GSFC is also setting up a new facility for manufacture of water soluble fertilisers at the same location at an investment of Rs 45 crore. Besides, we are coming up with a new phosphoric acid plant at Jamnagar,” said S K Nanda, chairman and managing director, GSFC.