Gujarat Narmada Valley Fertilizers & Chemicals has signed joint venture (JV) agreement with EcoPhos SA, Belgium for setting up 2 lakh MTPA Di-calcium phosphate project at Dahej at an estimated cost of Rs 526 crore. Project will be implemented by forming joint venture company EcoPhos GNFC India. The process of incorporating JV company is underway.
Main objective of setting-up of this project through JV company is to consume around 1.5 lakh MTPA of hydro chloric acid generated as byproduct from company's new 50,000 MTPA TDI-II plant set-up at Dahej.
Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) is a joint sector enterprise promoted by the Government of Gujarat and the Gujarat State Fertilizers & Chemicals (GSFC). It was set up in Bharuch, Gujarat in 1976. Located at Bharuch in an extremely prosperous industrial belt, GNFC draws on the resources of the natural wealth of the land as well as the industrially rich reserves of the area.
