GSFC will become the first company in India to manufacture indigenous calcium nitrate
Gujarat State Fertilizers & Chemicals Limited (GSFC) an Indian manufacturer of fertilizers and Industrial Chemicals has recently announced that the company is taking up the manufacturing of Calcium Nitrate (CN) which is a water soluble fertilizer.
GSFC will become the first company in India to manufacture indigenous Calcium Nitrate under the ‘Aatmanirbhar Bharat Abhiyan’.
Calcium Nitrate is used all across the country, mainly in horticultural and field crops. India’s annual requirement of this product is around 1,20,000 MT which is entirely imported (100%) with an import value of about Rs 250 Crore in FY 2019-20.
GSFC is planning to commence the production with an initial capacity of approximately 10,000 MTPA, expandable up to 15,000 MTPA. The product will be 100 per cent soluble calcium, and will be suitable for foliar, drip irrigation and as base fertilizer.
It is also likely to reach 30,000 MT in the next 12 months. This will add Rs 20 crore to the top line of the company with about 7 to 8 per cent addition in the bottom line.
