FACT plans new projects worth Rs 5986 cr investment

Public sector Fertilisers and Chemicals Travancore Limited (FACT) has chalked out expansion and diversification plans in its core sector of fertiliser production.

FACT has identified four projects — a new sulphuric acid plant, urea plant, NP complex fertiliser plant and ammonia-urea complex plant — as part of the plan. The total investment in these projects is estimated at Rs 5,986 crore with the ammonia- urea complex seeing the largest investment. Three of them will be set up at the Cochin division and one at the Udyogmandal division.

The company intends to associate with public/private sector undertakings for taking up these projects and has proposed a 50:50 joint venture model. It has invited expression of interest (EoI).