The Board has also approved fund infusion into company’s mining entity Baobab Mining Chemical Corporation (BMCC) at Senegal for its ongoing capex program
Compo Expert will initially replace 25% of the ammonia it uses at its facility in Krefeld, Germany
The plant location will be either at Gujarat or Maharashtra
The plant has an installed capacity to manufacture 330,000 metric tonnes of DAP and NPK
The DAP/NPK plant has been approved at an estimated project cost of Rs. 914.58 crore and is expected to be completed in 36 months
The project comprises three backward integrated units for manufacturing of BRP, Sulphuric Acid and Phosphoric Acid with a total cost of Rs. 93 crore
Production has been resumed effective October 31, 2020
Company won't increase MRP of DAP and NPK fertilizers during rabi season.
The company is planning to commence the project construction work by December 2020, subject to timely clearance from statutory authorities and other factors.
Plant was shut due to non-availability of labor and spread of Covid-19 pandemic in the industrial belt around the plant.
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