GSFC to take up manufacturing of calcium nitrate
12 October 2020
Gujarat State Fertilizers & Chemicals Limited (GSFC) is taking up the manufacturing of Calcium Nitrate (CN) which is a promising water-soluble fertilizer and is entirely imported as on date.
“With this, GSFC will become the first company in India to manufacture indigenous Calcium Nitrate under the ‘Aatmanirbhar Bharat Abhiyan’,” the company informed the exchanges.
Calcium Nitrate is used all across the country, mainly in Horticultural and field crops. India's annual requirement of this product is around 1,20,000 MT which is entirely imported (100%) with an import value of about Rs250cr in FY20.
GSFC is planning to commence the production with an initial capacity of ~10,000 MTPA, expandable up to 15,000 MTPA. It is also likely to reach 30,000 MT in the next 12 months. This will add Rs 20crore to the top line of the company with about 7% to 8 % addition in the Bottom line.