Gujarat Narmada Awards Rs. 360 Crore Contract to Toyo Engineering
Filing Summary
Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC) has awarded a contract to Toyo Engineering India Private Limited for the supply of an Ammonium Nitrate-II plant on a LEPC basis. The contract is valued at approximately Rs. 360 Crores and is expected to be completed within 20 months. The plant will have a capacity of 480 MTPD, equivalent to 1,63,200 MTPA. Toyo Engineering will collaborate with INCRO, S.A., Spain for process knowhow and licensing. This development follows GNFC’s board approval on November 12, 2025.
Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC) has awarded a contract to Toyo Engineering India Private Limited for the supply of an Ammonium Nitrate-II plant. The contract, valued at approximately Rs. 360 Crores, is structured on a LEPC basis. The project is scheduled for completion within a 20-month timeframe.
The Ammonium Nitrate-II plant will have a production capacity of 480 metric tons per day, translating to an annual capacity of 1,63,200 metric tons. This follows the board’s approval on November 12, 2025, for the installation of the new plant. The plant aims to enhance GNFC’s operational capacity in the Ammonium Nitrate sector.
Toyo Engineering will collaborate with INCRO, S.A., Spain, to provide process knowhow and licensing for the plant. This partnership is expected to leverage INCRO’s expertise in Ammonium Nitrate technology.
There is no interest from the promoter or promoter group in Toyo Engineering, and the transaction does not qualify as a related party transaction. The contract is awarded to a domestic entity, ensuring compliance with the regulatory requirements.
Toyo Engineering India Private Limited is a prominent engineering company specializing in the design and construction of industrial plants. The company is known for its expertise in executing large-scale projects across various sectors, including chemicals and fertilizers.
Gujarat Narmada Valley Fertilizers & Chemicals Ltd is a leading player in the chemicals and fertilizers industry. The company focuses on expanding its production capabilities and enhancing its market presence in the Ammonium Nitrate segment. GNFC is committed to supporting initiatives like the Make in India campaign while adhering to environmental conservation practices.