01 June 2010 11:32 [Source: ICIS news]
Correction: In the ICIS news story headlined “India’s GNFC plans expansion of TDI capacity” dated 1 June 2010, please read in the last paragraph … Meanwhile, feasibility studies were still ongoing for three joint venture (JV) projects with Gujarat State Financial Corp (GSFC) and Gujarat Alkalis and Chemicals Ltd (GACL) to produce polycarbonate and elastomers, according to the source. Also in the same paragraph, reference to plant capacities was removed. A corrected story follows.
MUMBAI (ICIS news)--India’s Gujarat Narmada Valley Fertilisers Company (GNFC) plans to expand the capacity of its 15,000 tonne/year toluene di-isocyanate (TDI) plant at Dahej by 50,000 tonnes/year, the company said on Tuesday.
The project - with a cost of rupess (Rs) 16.55bn ($357m) - was scheduled for completion in December 2011, it added.
After the expansion, GNFC would have the capacity to produce 65,000 tonnes/year of TDI, the company said.
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The conversion, due for completion by June 2012, would cost Rs12.2bn, the source added.
“The cost of the conversion will be borne by the government,” the source said.
Meanwhile, feasibility studies were still ongoing for three joint venture (JV) projects with Gujarat State Financial Corp (GSFC) and Gujarat Alkalis and Chemicals Ltd (GACL) to produce polycarbonate and elastomers, according to the source.
($1 = Rs46.36)
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