FACT invites bids for Rs 6,000-cr projects

Fertilisers and Chemicals Travancore Ltd has chalked out a major expansion-cum-diversification plan at an investment of Rs 5,975 crore for which the company has invited expressions of interest from public sector undertakings to invest in joint ventures or other appropriate business models.

FACT has identified projects such as new sulphuric acid plant, urea plant, NP Complex Fertilizer plant, SSP (single super phosphate) plant and Ammonia urea complex for which substantial investment is required.

The company intends to set up these projects in Kochi and will provide land and available infrastructure facilities to the joint venture as its share of the equity. It will also provide design and consultancy services through its design organisation FEDO. The design and consultancy would also form part of FACT’s equity contribution, the company officials said.