DFPCL to set up mftg unit in Australia

Pune based Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL), a manufacturer of chemicals and fertilisers is setting up a technical ammonium nitrate (TAN) manufacturing unit in Australia with the total investment of around Rs 1500 crore, the company said in a statement.

This would be the first such plant in South Australia (SA) and will provide cost - effective tan supplies primarily to the local end users.TAN is a critical input in the growing mining and construction industry.

According to DFPCL, the Government of SA has identified a suitable site for the project, which will be the subject of a further feasibility study.

The site is close to a deep sea port and is nearby an industrial city with complete infrastructure and a skilled workforce. The government is providing favourable cost competitive construction and operating environment as compared to other parts of Australia.

With this, DFPCL's total manufacturing capacity now stands at nearly 5,00,000 (tonnes per annum) tpa.

The Government of SA will enable DFPCL to proceed with the Detailed Feasibility Report (DFR), Environment Impact Assessment (EIA) study and other statutory clearances in the course of next 12-15 months and the project will be completed 24 months thereafter.

The company is also in talks with Australian Explosive Technologies (AET) Group to enter mine consultancy sector in Australia.