GSFC plans Rs 8K-cr petrochem complex at Dahej

Proposal will be sent to the Cabinet for approval

The Gujarat State Fertiliser Corporation (GSFC) has drawn up Rs 8,000 crore investment for setting up an integrated fertiliser and petrochemicals complex at Dahej.

"We are setting up 2,250 tpd ammonia, 3,500 tpd urea alongwith melamine and caprolactum manufacturing unit at Dahej near Bharuch at an estimated cost of Rs 8,000 crore. We have already acquired land and ready with the detailed project report (DPR)," GSFC ED (Finance) B M Bhorania said. However, the company is waiting for the government's urea policy, before going ahead with the project, Bhorania said.

After rolling out a slew of reform measures, the government is likely to approve the much-awaited urea investment policy, aimed at attracting an investment of around Rs 45,000 crore to boost urea production in the country. The draft policy floated by the fertiliser ministry has got the nod of concerned ministries such as finance, commerce and agriculture ministries as well as the Planning Commission.

 

Now it will be sent to the Cabinet for final approval. The policy aims adding production of 7-8 million tonne to country's existing urea production capacity of 22 million tonne against the annual demand of 30 million tonne. We hope that the urea policy should be through, he said.