06 October 2010 09:41 [Source: ICIS news]
MUMBAI (ICIS)--India’s Gujarat Narmada Valley Fertilisers Co (GNFC) expects to begin operations at its two new nitric acid plants in Dahej, Gujarat state, by December this year, a company source said on Wednesday.
The plants, which have a combined capacity of 163,000 tonnes/year, are part of GNFC’s Indian rupees (Rs) 40bn ($901m) expansion plan at its chemicals complex, the source added.
Nitric acid is mainly used in the manufacture of ammonium nitrate, explosives, dyes and dye intermediates, pharmaceuticals, acrylic fibre and pesticides.
In addition, GNFC had earlier begun work on several projects that would expand its product portfolio over the next five years to meet India’s rising demand for chemicals, said the source.
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 = Rs44.38)
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