Hindustan Zinc to build INR 2200 crore fertiliser and roaster plant

Sakshi Agrawal Jul 26, 2022 0

Hindustan Zinc is building a fertiliser and roaster plant. According to a statement released on July 21, 2020, Hindustan Zinc (HZL) will spend about INR 2,200 crores on this project. The project includes a 0.16 million tonnes per annum (TPA) roasting facility and a 0.5 million TPA fertiliser unit. At its meeting on Thursday, the HZL board gave the two units its approval. The phosphatic fertilisers will be the major product of the upcoming fertiliser factory at Chanderiya, Rajasthan.

The smelters of Hindustan Zinc and Rajasthani rock phosphate will supply 60% to 70% of the raw materials for the fertiliser plant. Imports will fill any raw material deficit. The HZL has cash and financial equivalents of INR 24,254 crores as of June 30, 2022. It wants to market fertilisers in Rajasthan, Uttar Pradesh, and Madhya Pradesh among other states. Imports mostly serve their current needs.

Construction Activities and Timeline

After construction on the fertiliser plant begins in six months, it will be operational in the following 22 to 24 months. The fertiliser is a completely different game. A wholly owned subsidiary will administer the operation in an earnings call according to CEO Arun Misra. They would invest an estimated INR 800 crores in the roasting facility. However, no selection for the roasting plant’s site has been made.

They would invest an estimated INR 800 crores in the roasting facility.

Biltrax Construction Data is tracking 20000+ projects on their technology platform for their Clients. Visit https:/www.biltrax.com/ or email us at contact@biltrax.com to become a subscriber and generate new leads.

Disclaimer: The information contained herein has been compiled or arrived at, based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. The image featured in this article is for representation purposes only and does not in any way represent the project. To have the article removed or edited, please email editor@biltrax.com.

0

Leave a Reply

Your email address will not be published. Required fields are marked *