GSFC mulls investment of INR10,000 crore in petrochemicals in Dahej

13-Jul-15

State-run Gujarat State Fertilizers and Chemicals (GSFC) plans to set up a petrochemical complex at Dahej with an investment worth about Rs 8,000-10,000 crore. The company plans to set up the complex on 300 hectares of land, which has already been acquired for Rs 300 crore. The status of this complex at present is at the feasibility study/DPR as well as search/selection of technology suppliers. Company CFO V D Nanavaty said that the board has given an in-principle approval to set up caprolactam plant of 1,00,000 tpa capacity at an investment of Rs 4,000 crore, as well as an urea-ammonia plant of 1.3 mln tpa capacity of an estimated investment of Rs 5,000 crore.