A phosphoric acid Plant of ‘Tunisian Indian Fertilisers’ (TIFERT), a joint venture (JV) company between India’s leading fertilizer manufacturer - Gujarat State Fertilisers and Chemicals (GSFC), Coromandel International with two state-owned units in Tunisia namely Tunisia's Groupe Chimique Tunisien (GCT) and Compagnie Des Phosphat De Gafsa (CPG), has started production at its plant at Skhira.
The plant was originally scheduled to be commissioned in 2011, but the project was delayed due to some internal developments in Tunisia. However, the project is now operational and running near to its full capacity.
TIFERT plant will consume around 1.4 million tonnes of Tunisian phosphate rock per year, producing 360,000 tonnes of phosphoric acid annually. It is equipped with the latest technology and meets the international environment efficiency standards. The plant has started production and the first shipment is expected to reach Coromandel’s facility in Kakinada (AP) by end of this month.
GSFC and Coromandel International have entered into an agreement with the TIFERT to import all the production of phosphoric acid directly to India on a long term basis. Coromandel International and GSFC hold 15% share each in this $498 million project with balance 70% being held by GCT and CPG.
GSFC is a leading manufacturer of quality products of Chemical Fertilizers and Industrial Products. The company’s manufacturing units is located at Kosamba, Sikka and Nandesari. It has marketing network spread across India in states like Andhra Pradesh, Chhattisgarh, Gujarat, Haryana, Karnataka, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Daman and Uttar Pradesh.
| Company Name | CMP |
|---|---|
| Coromandel Interntl. | 2055.45 |
| National Fertilizers | 76.91 |
| RCF | 130.75 |
| Chambal Fert & Chem | 451.35 |
| Paradeep Phosphates | 132.10 |
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