Rama Phosphates acquires land and capital investment for new plant

Image
Capital Market
Last Updated : Feb 17 2022 | 1:05 PM IST

To manufacture single super phosphate fertilizer and sulphuric acid

Rama Phosphates has acquired land admeasuring 210377 Sq. Mts. (51.98 Acre) from Maharashtra Industrial Development Corporation (MIDC), Nardana Industrial Area, Dhule District which is bordered by Madhya Pradesh and Gujarat State and the Capital investment for the entire project would be in Phase manner.

Further, to this connection the Company has obtained consent to establish Phase I from Maharashtra Pollution Control Board to manufacture Single Super Phosphate (SSP) including Fortified Zincated & Boranated fertilizer with Capacity of 216000 MTPA & Sulphuric Acid Plant with Capacity of 90000 MTPA and the Capital Investment of the Phase I project is Rs. 48.954 crore.

The Company is at advanced stage of finalizing the Plant and Machinery and consequently Company is targeting to commence the production by the end of FY 2023.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 17 2022 | 12:19 PM IST

Next Story