Smartchem Technologies Ltd. (STL), a subsidiary of Deepak Fertilisers and Petrochemicals Corporation Ltd. (DFPCL), plans to invest Rs 2,200 crore to set up a technical ammonium nitrate (TAN) complex at Gopalpur Industrial Park in Odisha. Chief Minister Naveen Patnaik laid the foundation for the complex which will be established at Tata Steel Industrial Park in Gopalpur.
The facility will have a capacity of 377 kilo tonnes per annum (ktpa) upon its completion in August 2024. The plant will be located near the major mining hubs and the Gopalpur port to capture domestic demands and tap into export opportunities, the company said.
“With technical ammonium nitrate being an international commodity, this project will put Odisha on the map for international recognition. On completion and commencement of the project, Odisha would become a key source of TAN to the entire Eastern belt where a majority of mining and infrastructure growth is foreseen in future,” it added.
Sailesh Mehta, CMD Smartchem Technologies expressed his delight at the company’s expansion in Eastern India. “This complex is the first step to accomplish our 10-year-old dream to expand operations in the Eastern Region and come closer to our end users,” Mehta said.
“Technical ammonium nitrate is a very important raw material that will fuel the infrastructure, economy, and development of the nation. We are looking forward to reducing our dependence on imports and the Gopalpur Industrial Park’s strategic location may help us do that very quickly in the near future,” he added.
Mehta also said that Tata SEZL has the potential to attract ancillary units and become a hub for development.