The Board of Directors of Chambal Fertilizers and Chemicals Limited authorised a change to the Technical Ammonium Nitrate Project’s capacity and estimated cost.

The board approved increasing the plant’s capacity to produce technical ammonium nitrate from about 2,20,000 Metric Tons (“MT”) annually to 2,40,000 MT annually, as well as increasing the plant’s capacity to produce weak nitric acid (which is included in the Project) from about 1,80,000 MT annually to 2,10,000 MT annually and increasing the estimated project cost from roughly Rs. 1170 crore to Rs. 1645 crore.

The Project is estimated to be completed in next 34 months and implementation of the Project is subject to necessary statutory and other approvals.