New Delhi, Oct 20 (UNI) In view of the Government's new policy for investment in urea sector, Indian Farmers Fertiliser Cooperative Ltd (IFFCO) today decided at its Board meeting to set up a new expansion plant at Kalol, costing about Rs 5,000 crore.
The plant will be having a capacity of 4,000 MTPD (1.3 million MTPA) of single stream urea plant along with Ammonia plant with the capacity of 2,200 MTPD.
Required utilities and a captive power plant for generation of adequate power for the existing as well as proposed plants in the complex will also be installed.
The proposed plant will be the most modern with maximum energy efficiency. IFFCO has also approached the Government for the allocation of gas for the project.
The total cost of expansion project is expected to be about Rs 5,000 crore, the company said in a statement.
The company's Board of Directors under the Chairmanship of Mr Surinder Kumar Jakhar welcomed the New Policy and termed it as a step in the right direction.
Mr Jakhar said the Kalol Unit, set up in 1975, is the mother Plant of IFFCO which has been functioning extremely well for the last more than 30 years and no major expansion has been undertaken at Kalol.
IFFCO Chairman further added that Prime Minister Manmohan Singh is being requested to lay the Foundation Stone of this new expansion plant. Union Minister of Chemicals&Fertiliser and Steel Ram Vilas Paswan is being requested to preside over the function.
Mr Jakhar disclosed that Haldor Topsoe, Denmark and Snam Progetti, Italy, have been appointed as Consultants and PDIL has been appointed as Consultant for detailing the engineering of the project.
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