|Greenstar Fertilizers Ltd is kicking off ₹135-crore expansion of its phosphoric acid unit to meet the raw material demand for Di-ammonium Phosphate (DAP) production.|
The company has started the environmental clearance plans for the project with a public hearing to be held on December 30.
The project is coming up on its existing facility at Tuticorin in south Tamil Nadu where it has adequate land for the expansion, according to the public hearing announcement by the TN Pollution Control Board.
Greenstar Fertilizers, promoted by Ashwin Muthiah, son of AC Muthiah, the promoter of SPIC, acquired the phosphatic businesses of SPIC, through a business transfer agreement in October 2011. Under this agreement, the DAP, aluminium fluoride, SSP units, sulphuric acid and phosphoric acid units came under Greentstar Fertilizersí fold.
Urea production was retained with SPIC.
In the proposed project, the raw materials handling will more than double with rock phosphate handling increasing to 62,100 tonnes a month and sulphuric acid capacity to 54,900 tonnes. Phosphoric acid output will double to 1.5 lakh tonnes.
The raw material for the proposed project will be brought in from Gujarat, Rajasthan or imported. The final products DAP, SSP and aluminium fluoride will be sold in the domestic market. This will bring down the import dependence of DAP.