GNFC Awards ₹360 Crore Contract for Ammonium Nitrate Plant to Toyo Engineering
GNFC awarded a ₹360 Crore contract to Toyo Engineering India for an Ammonium Nitrate-II plant. The project has a 20-month timeline and will increase GNFC's capacity by 94%. The Board approved the plant installation on November 12, 2025.
The contract is for a significant amount (₹360 Crores) and will lead to a substantial increase in production capacity (94%), indicating a medium-term impact on the company's operations and market presence.
The contract award for a new plant that significantly increases production capacity and aligns with government initiatives like 'Make in India' is a positive development for the company.
Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) has awarded a contract to Toyo Engineering India Private Limited (Toyo) for the supply of an Ammonium Nitrate-II plant on an EPC basis. The contract size is approximately ₹360 Crores and is expected to be completed within 20 months.
This new plant, with a capacity of 480 MTPD (1,63,200 MTPA), will significantly enhance GNFC's Ammonium Nitrate capacity by approximately 94%. Toyo Engineering has a tie-up with INCRO, S.A., Spain, for the supply of process know-how and the license for the plant. The company views this expansion as a strategic move to support the 'Make in India' campaign and fulfill downstream requirements while maintaining a commitment to environmental conservation.
The Board of Directors had previously approved the installation of this plant on November 12, 2025.
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Gujarat Narmada Valley Fertilizers and Chemicals Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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