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World News and Views :: Projects
IFFCO to Invest $108 Million to Expand DAP Plant Capacity
7:12 AM MDT | June 17, 2010 | Deepti Ramesh
The Indian Farmers Fertiliser Cooperative (IFFCO; New Delhi) plans to invest Rs5 billion ($108 million) over the next three years to modernize and expand production capacity at its diammonium phosphate (DAP) plant at Paradip, India, say press reports. The investment will expand the production capacity to between 2.5 million m.t./year and 3 million m.t./year from the current capacity of 1.92 million m.t./year. IFFCO bought the Paradip plant from Oswal Chemicals & Fertilizers (New Delhi) in 2005 for Rs20.8 billion, and IFFCO has spent about Rs15 billion since...
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