GSFC reviving plan to set up petrochemical complex at Dahej at a cost of Rs.10,000 crore

21-Jul-15

Gujarat State Fertilizers and Chemicals Ltd (GSFC) is reviving its five-year old plan to set up a petrochemical complex at Dahej in Gujarat at a cost ofRs.10,000 crore. “The company is contemplating to set up the petrochemical complex at Dahej with an estimated capital outlay between Rs.8,000 and Rs.10,000 crore,” the company said in a note to the exchanges. “The status of this complex at present is at the feasibility study/DPR (detailed project report) as well as search/selection of technology suppliers.” The company, which is primarily a fertilizer manufacturer, also has a prominent presence in two major specialty chemicals—caprolactum and melamine—and enjoys a virtual monopoly in these segments. The company has a 60% and 40% market share, respectively, for these two chemicals in India. GSFC had earlier envisaged setting up of a 100,000 tpa caprolactum plant and a 40,000 mtpa of melamine pant at Dahej, along with capacities for urea and ammonia.