Chambal Fertilisers: Technical Ammonium Nitrate plant with a capex of Rs 1,645 crore

 

  • Chambal Fertilisers: Technical Ammonium Nitrate  plant with a capex of Rs 1,645 crore
  • Chambal Fertilisers, a new entrant, is setting up a 2.4 lakh MTPA-ammonium nitrate plant with a capex of Rs 1,645 crore
  • Overall progress achieved ~37%  
  • Larsen & Toubro bags EPC contract for Chambal Fertilisers and Chemicals' TAN Project
  • The size of the contract is Rs. 960.71 crore and is scheduled to be completed within 30 months from April 5, 2023
  • Chambal Fertilisers and Chemicals Limited accounts for nearly 13% of the total urea produced in the  country

  • The company plans to set up the TAN plant as well as a 210,000 tonne/year weak nitric acid (WNA) line at an estimated cost of Indian rupees (Rs) 16.45bn

  • Chambal currently produces excess ammonia at its fertilizer plants at Gadepan which is sold in the domestic market

  • The WNA unit will provide feedstock for the TAN plant.

  • “The demand for TAN in India outstrips the supply and many producers are forced to depend on imports

  • The company plans to use this excess ammonia for the production of TAN, which will be mainly targeted at the Indian domestic market

  • The plants are expected to commence operations by October 2025

Comments

Post a Comment

Popular posts from this blog

Confidence Petroleum Forays into Hydrogen Cylinder Manufacturing

  https://youtu.be/mD2k0HOpAxo?si=8H1ue9mw316h2wYr Confidence Petroleum Forays into Hydrogen Cylinder Manufacturing Unlike conventional metal cylinders, type 4four cylinders are entirely corrosion-resistant, lighter by seventy percent, and can accommodate three times more gas.  Constructed from carbon composite with a polymer liner, they boast exceptional safety features. The move signifies Confidence Group’s commitment to spearheading the global energy transition towards a cleaner and greener future.  By prioritizing innovation and environmental stewardship, the company aims to revolutionize the hydrogen storage industry and promote sustainable energy solutions. As reported by The Hitavada, through this venture into the green hydrogen market, Confidence Group aims to position itself as a leader in providing solutions that expedite the adoption of renewable energy sources.  These cylinders will play a pivotal role in the efficient storage and transportation of green ...
Read more

RSI Indicator for finding good value stocks?

  https://youtu.be/IbWEmgJQHx4?si=D0TUacnxi_9B33qM Is a Good RSI Indicator The relative strength index is a momentum indicator that looks at the pace of recent price changes to determine whether a stock is ripe for a rally or a selloff. Traders who are looking for investment opportunities should look for RSI values  that hit 30 or fall below that level.  This allows them to look for investment options that may be undervalued where the price may increase in the future.  But it's important for investors to remain steadfast and avoid making hasty decisions, since market conditions can change at a moment's notice.
Read more

Poonawalla Fincorp: I love stocks at 52L

https://youtube.com/shorts/kEd4ftcXaV4?si=8FpeXOzf0qyTs_Mo   Poonawalla Fincorp: I love stocks at 52L AUM up 52% YoY to ₹26,972 crore PPoP at ₹432 crore in Q1FY25, up 47% YoY and 6% QoQ  Assets:  ➢ Assets Under Management (AUM) stood at ₹26,972 crore, up 52% YoY and 8% QoQ  ➢ AUM Mix consist of 35% MSME finance, followed by 28% personal and consumer finance, 17% loan against property and 14% pre-owned car.   Asset Quality:  ➢ Gross NPA at 0.67%, lower 75bps YoY and 49bps QoQ  ➢ Net NPA at 0.32%, lower 44bps YoY and 27bps QoQ  ➢ Provision Coverage Ratio stood at 52.53%   Profitability:  ➢ Operating Profit (PPOP) was ₹432 crore, up 47% YoY and 6% QoQ  ➢ Profit After Tax (PAT) was ₹292 crore, up 46% YoY  ➢ Return on Assets (RoA) stood at 4.62%  ➢ Net Interest Income (inc. fees and other income) was ₹676 crore, up 42% YoY and 5% QoQ
Read more