Bharuch, Gujarat, Sept 22 (UNI) Gujarat Narmada Fertilisers Company (GNFC) has said it plans to convert the feedstock from low stock high sulphur (LSHS) to natural gas to reduce production cost.
However, a decision will be taken after a final clearance from authorities as well as techno-economical feasibility report, company's Managing Director Balwant Singh said at the 31st Annual General Meeting.
Giving details of the modernisation and expansion plans of the company, Mr Singh said the new methanol synthesis unit has gone on stream and increased the production capacity by 30,000 metric tonnes per day (mtpd). The project was completed at a cost of Rs 27.28 crore against the budgeted estimate cost of Rs 39.28 crore.
The modernisation project for methanol-II plant is currently under implementation with the target of increasing the production capacity by 175 tpd which is scheduled to be completed by April next year.
''Modernisation of Urea Plant is also under process and is expected to be completed by April 2008,'' Mr Singh said.