 "IFFCO awards Rs 300-crore contract to Essar Projects for fertiliser unit")
Indian Farmers Fertilizer Cooperative (IFFCO) has awarded a Rs 300-crore contract to Essar Projects, an engineering procurement & construction (EPC) company, for construction of a new phospho gypsum stack at IFFCO’s Paradip unit in Odisha, which is India’s largest phosphatic fertiliser complex. This is Essar Projects’ fourth major contract from the Indian fertiliser industry giant.
The project will be completed in two phases. Phase I, valued at about Rs 190 crore, involves completion of approximately 60 percent of the total construction and must be completed in 20 months. The second phase involves construction of the remaining 40 percent and will have to be completed in 10 months.
Until date, the company has, completed three major projects for IFFCO Paradip, handing them over well ahead of the scheduled date of completion.
AV Amarnath, COO, Essar Projects, commented, “The fact that this is our fourth major back-to-back project with IFFCO, is a reflection of the customer’s confidence in our capabilities. We are pleased to say that we have already delivered some key works of the current contract that had to be completed before the onset of the monsoon.”
Essar Projects’ previous contracts for IFFCO includes construction and commissioning of two 2500 MT DAP / NAP silo, revamping of an existing sulphur silo, and EPC & commissioning of the eighth evaporator system of the phosphoric acid plant (PAP) at the IFFCO Paradip complex.
Essar Projects has been involved in building mega fertiliser projects. It has the distinction of executing India’s first greenfield fertiliser project in recent times, the Matix Fertilizers plant, in Durgapur, West Bengal. The Matix Fertilizers complex is also the largest integrated fertiliser plant in India.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*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
SAVE 25%