DFPCL To Establish Global Footprint

Online, March 30, 2011 (Newswire.com) - Deepak Fertilisers And Petrochemicals Corporation Limited (DFPCL) is a leading manufacturer of chemicals and fertilisers in India with a turnover of around USD 350 million. It is a clear leader in Technical Ammonium Nitrate (TAN) business in India and has about two decades of experience in the manufacturing and marketing of TAN, which is a critical input in the growing mining & construction industry. With the recent commissioning of the latest brown field state-of-the-art 300 ktpa TAN plant and earlier two plants based on world's best proven technologies , DFPCL's total manufacturing capacity now stands at nearly half a million tpa. DFPCL maintains the highest Safety, Health and Environment (SHE) standards in all its manufacturing facilities and follows a strong community supportive approach.

DFPCL is now proposing to "Go Global" and accordingly, is working towards setting up a similar capacity 300 ktpa TAN plant in South Australia (SA) state of Australia to enable the State realize its ambitious growth plans in the Resource (Mining) and Infrastructure Sectors. This would be the first such plant in SA and will provide cost - effective TAN supplies primarily to the local end users. Beyond supplies, DFPCL also brings in a deep knowledge base of product (TAN) application engineering in mines.

The Government of SA has identified a potentially suitable site for the project, which will be the subject of a further feasibility study. The site is close to a deep sea port and nearby city having a long established industrial history with complete infrastructure, skilled workforce etc., thereby providing the project with a more favorable cost competitive construction and operating environment compared to many other parts of Australia.

This positive step from the Government of SA will enable DFPCL to proceed with the Detailed Feasibility Report (DFR), Environment Impact Assessment (EIA) study and other statutory clearances in the course of next 12-15 months and the project will be completed 24 months thereafter. The estimated cost of the project is around USD 350 million.

While the project is expected to bring in significant socio-economic benefits to the region, the SA state and Australia as a nation, it will enable DFPCL to establish a global foot-print.