Fertilizers and Chemicals Travancore’s plans to expand and diversify production has gone a step forward with the company’s proposal to raise Factamfos production to three-lakh-tonne-per-year by adding a third stream at the Kochi division getting the environmental clearance.
Chairman and Managing Director of FACT Jaiveer Srivastava told reporters here that the fertilizer company had drawn up plans to reach a production level of 30 lakh tonnes by 2018-19 and the new Factamfos stream was part of FACT’s blueprint for the future. An ammonia-urea complex at the Kochi division costing approximately Rs. 5,000 crore, with a capacity of 10 lakh tonnes a year; another Factamfos plant at the Udyogamandal division and a sulphuric acid plant are also part of the expansion plans by FACT, which is optimistic about a Rs. 8,000-crore package submitted to the Union government.
The Fertilizer Ministry has cleared the project, Mr. Srivastava said. He also said that BRPSE was meeting on December 20 to consider, among other things, FACT’s revitalisation package.
Meanwhile, FACT management has decided to use its Ambalamedu House to host conventions and seminars as part of a drive to augment income.
Mr. Srivastava said the house had recently been renovated and that more work would be carried out utilising the cash from the new initiative. The Ambalamedu House was inaugurated in 1970 and is set scenically on the banks of a lake that is part of the Ambalamedu complex of the fertilizer company.
FACT’s decision to transport part of its ammonia requirement using National Waterway III bore fruits on Wednesday with the first consignment arriving at the Ambalamedu campus. The barge was received officially by Mr. Srivastava and senior officials of the company.
The company requires 500 tonnes of ammonia per day and 192 tonnes will be transported using the barge, which has been fitted with six ammonia tanks of 32 tonne capacity each.