Liberty Phosphate to expand capacity to 9,24,000 MT

On implementation of capex plans, Liberty Phosphate will run at an installed capacity of 9,24,000 MT per annum of SSP as well as GSSP.

Liberty Phosphate, an ISO 9001:2008 company, the largest producer and supplier of single super phosphate (SSP) - powder and granulated (GSSP) -  in the country with its multi-location manufacturing units is planning to enhance its production capacity from 5,62,000 MT to 9,24,000 MT per annum.

The Udaipur (Rajasthan) unit of the company is operating at existing capacity of 2,64,000 MT per annum of SSP/GSSP. The company has enhanced the existing capacity of 1,00,000 MT to 1,98,000 MT at its Nandesari (Gujarat) unit in February 2012.

The company has applied for enhancement of capacity at its unit in Kota (Rajasthan) from 1,32,000 MT to 1,98,000 MT per annum of SSP as well as GSSP. The terms of reference has been received from the state level environment impact assessment authority in Rajasthan. Environment clearance is under process and is expected to be completed by the end of May 2012.

The company has applied for enhancement of capacity from 66,000 MT to 1,32,000 MT per annum at its unit in Pali (Maharashtra). The terms of reference have been received from the state level environment impact assessment authority and the public hearing is under process.

To cater to the needs of the farmers to a larger extent and to unleash the marketing potential of the region the company has decided to install SSP plant of 1,32,000 MT per annum capacity at Rae Bareilly (Uttar Pradesh). The environment clearance has been completed.

On implementation of above plans, the company will run at an installed capacity of 9,24,000 MT per annum of SSP as well as GSSP catering to the requirement of farmers of most states in the country.

In the early afternoon, Liberty Phosphate was trading at around Rs65.25 per share on the Bombay Stock Exchange, 1.87% up from the previous close.

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Puravankara projects launch 'Purva Seasons' in Bengaluru

Conceptualization of Purvey Seasons is based on maintaining peace and tranquillity within the hustle and bustle of modern city centric life.

Puravankara Projects has launched the Rs700 crore city centre super-luxury project "Purva Seasons" in Bengaluru. This property institutes the idea of '24+ hours Lifestyle'.

The project is located in CV Raman Nagar, which is a 15 minute drive from MG Road and is a 5-minute drive from the 100 feet road, Indira Nagar. Conceptualization of Purva Seasons is based on maintaining peace and tranquillity within the hustle and bustle of modern city centric life. With the gift of time on their hands, the homebuyers can pursue their passion.

Purva Seasons with its well-planned and aesthetically designed apartments is undeniably an elite setting in the heart of the city. The project offers a state-of-the-art building with world-class specifications. Amenities include a very large one of its kind clubhouse, swimming pool, outdoor sport facilities amongst others for a modern living, in a neighbourhood that lets the homebuyer experience an enriching lifestyle.

With its inviting landscape and prime location, these 2 and 3 BHK apartments ranging from 1,392 sq. ft. to 1,980 sq. ft. are the epitome of luxury, comfort and convenience.

The project development totals a 1.08 million square feet and has 660 units.

In the early afternoon, Purvankara Projects was trading at around Rs75.20 per share on the Bombay Stock Exchange, 2.17% up from the previous close.

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COMMENTS
Economy & Nation Exclusive
Road completion target fell 83% short, yet FM increases it to 8,800km for FY12-13

Dampeners like policy paralysis, difficulty in environment clearance, and achieving financial closure had impacted execution of projects and yet the government has increased its target for road completion

Finance minister Pranab Mukherjee has said that the government will give contracts for 8,800km of national highways in FY2012-13. However, in last fiscal the National Highway Development Project (NHDP) completed just 1,250km after awarding projects for a total length of 4,374.9km worth over Rs40,890 crore. The target for FY11-12 was 7,300 km.

In short, the government fell short by 83% in its target achievement and yet the finance minister has increased the target way to high at 8,800 km for FY12-13. The target for next financial year is a jump of 604% compared with the actual projects completed in FY11-12.

Recent sentiment dampeners like policy paralysis, difficulty in environment clearance and achieving financial closure had impacted execution of projects. With the current run rate the National Highway Authority of India (NHAI) is likely to complete FY11-12 with 5.8km per day of execution compared with 4.9km per day last year.
 
Over the years, the government and the NHAI has been saying that the Authority would complete 20km of roads per day. To achieve 20km per day of target requires about 22,000km of work in progress, which currently stands at 13,258km. Therefore, it would be an uphill task to achieve 20km per day target.

"Considering the awarded projects, current bid stage and execution; we believe the NHAI will miss both its target of awarding and completion. Though we have witnessed very competitive bidding throughout the last year, we believe competition would ease going forward, as already developers are facing challenges regarding financial closures and our channel check suggest around 40 projects are on the block," said Infinity.com Financial Securities in a research report.

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COMMENTS

Adi Daruwalla

5 years ago

If the success rate was only 17% then thorugh a forum, the FM should be questioned on why he has increased the target to 8800km for FY12 - 13. He is the peoples representative then ask him to set up a realistic achieveable target. Past statistics show that there are problems to achieve the target. This calls for common sense, which is not so common these days.

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