The Gujarat State Fertilisers and Chemicals (GSFC) has already lined up an investment of Rs 15,000 crore to expand capacity over the next two years.
State-run fertiliser firm GSFC is eyeing Rs 300-crore revenues from its non-core business of textiles and infrastructure in the next financial year.
Gujarat State Fertilisers and Chemicals Ltd (GSFCL) has recently established a plant in September this year for fully drawn yarn, which is used in textile business. The company also launched nylon fibre GUJCON CRF and PRF, which are used in infrastructure business for plastering of walls.
"In the last few years, we have been focusing on our textile business of fully drawn yarn and infrastructure products based on nylon fibre. I am hopeful that by the end of next financial year both these businesses will contribute Rs 300 crore to our topline," GSFCL Chairman and Managing Director S K Nanda told PTI.
The company has already lined up an investment of Rs 15,000 crore to expand capacity over the next two years.
GSFC has decided to increase its capacity for Diammonium Phosphate (DAP) (most widely used phosphate fertiliser), melamine (used in laminates, consumer moulded goods adhesives, etc), Nylon and caprolactam (a raw material for Nylon-6). GSFC is already the biggest producer of caprolactam and melamine in the country.
The company is also looking at increasing fibre capacity to 20,000 tonnes per annum and high-speed chips to 30,000 tonnes per annum.
Among other projects, the company is putting up 15,000 tonnes per annum of a nylon-6 project, 10 lakh litres per annum of liquid bio-fertiliser and 45 lakh per annum of tissue culture plants.
The state-run firm has also recently launched its Sardar Package Scheme in 41 talukas (sub-divisions) spread across 19 districts in Gujarat to promote the use of renewable energy in irrigation.
Fertilisers contribute 60% to the company's turnover and industrial products account for the rest 40%.
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