GNFC forms JV to set up Rs 50-cr wet lime project

Gujarat Narmada Valley Fertilisers and Chemicals Ltd (GNFC) today said it has entered into a joint venture to set up a wet lime project in Bharuch at a cost of Rs 50 crore.

The company along with Santosh Agrochem LLP will set up "about 345 MTPD purified wet lime project in a phased manner at Bharuch to be implemented through a JV Company in the name of 'Calciwell Chemtech Pvt Ltd' at an estimated cost of Rs 50 crore," it said in a filing to the BSE.

Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC), is promoted by Gujarat Government and the Gujarat State Fertilizers & Chemicals Ltd (GSFC). It was set up in Bharuch, Gujarat in 1976.