The Fertilizers & Chemicals Travancore (FACT) is likely to set up a urea
plant with an estimated cost of Rs 650 crore by 2011.
FACT is planning to prepare DPR for the proposed project which is likely to
have a 500,000 tpa capacity. For funding the project, the company has to
generate 20 per cent of the amount, while the remaining to be raised from
financial institutions.
Meanwhile, the company is planning to convert its Kochi unit in Kerala into a
complex production division. The production of NPK, another product of the
company is expected to be ramped up.