Public Sector Dynamism

Public Sector Dynamism Hansavivek GUJARAT NARMADA VALLEY FERTILISERS COMPANY (GNFC) has undertaken several expansion and diversification projects and has drawn up a corporate plan of 10 years envisaging investment of Rs 1,800 crore. The licensed capacity of the company's methanol project has been re-endorsed to one lakh tonnes per annum from 20,000 tonnes per annum. The company is taking steps towards establishment of a plant of 80,000 tonnes per annum. Work on 5,000 tonnes per annum formic acid project is in full swing and production is expected to commence in the last quarter of 1987. The company has received a letter of intent for the establishment of plants for annual production of 1,42,500 tonnes each of nitrophosphate and calcium ammonium nitrate and 33,000 tonnes of concentrated nitric acid. These projects, are estimated to cost Rs 217 crore, including Rs 60 crore in foreign exchange. Contracts for the supply of imported equipment and machinery, know-how, engineering services, etc, have been signed with Uhde.