In a bid to establish two soluble speciality fertilizer plants in Rajasthan and Orissa, Zuari Industries, part of the Saroj Poddar-led Adventz group, is planning to invest Rs 45 crore in building the plants, each of which will be spread over five to seven acres of land acquired privately. The plants will be constructed and operated by Zuari Rotem Specialty Fertilisers, a joint venture between Zuari and Israel Chemicals.
The company is looking to commence the Rajasthan plant by end off next year followed by Orissa. The company has been operating a soluble fertiliser production facility in Maharashtra with an annual capacity of 32,000 tonnes. Since March 2010, the company has a total installed capacity of 50,000 tonnes a year in water soluble NPK speciality fertilisers.
The company is also looking to spend Rs 9,000 crore over the next three to four years as part of its expansion plans. These include setting up a 1.2-million tonnes per annum urea plant in Belgaum, Karnataka, for Rs 5,500 crore and a manufacturing unit to produce DAP, the location for which has not been decided yet.