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Tata Projects is diversifying its investment portfolio and entering the chemicals sector

Tuesday 16th Apr 2024    1208
Tata Projects is diversifying its investment portfolio and entering the chemicals sector
 

ATA Projects (TPL) has achieved a milestone with the acquisition of the nitric acid expansion project of Deepak Fertilizers and Petrochemicals Company (DFPCL).

The project, located at DFPCL's Dahej plant in Gujarat, involves providing... Comprehensive Engineering, Procurement and Construction Management (EPCM), along with front-end engineering design (FEED) responsibilities for external public facilities and services. Central to the project scope is the expansion of the plant, which includes a 900 t/d weak nitric acid plant, a 2 x 225 t/d concentrated nitric acid plant and associated external facilities and services, including storage and loading facilities. The project's licensees include Casale for weak nitric acid and KBR for concentrated nitric acid.

Rajeev Menon, President and COO, Power & Industrial, Tata Projects, said: “Tata Projects has had a very remarkable journey in recent years, evolving From its prominent presence in ground terminals to venturing into central process refinery units, the acquisition of DPFCL strengthens our resolve to become a diversified and technology-driven EPC company. The Nitric Acid Complex project demonstrates our ability to engage in diverse procurement models and reinforces our commitment to a customer-first approach.

“The partnership with TPL marks another milestone in DFPCL’s journey in specialisation.” Chemicals sector. This nitric acid plant is designed to optimize capital and operating expenditures, prioritizing energy efficiency and environmental sustainability with minimal NOx emissions. “Through this partnership, we have aligned with the growing demands of our customers in the fast-growing pharma, steel, solar and agri industries, where India is emerging as a prominent manufacturing hub,” said Arun Vijay, Project Lead. DFPCL.

Nitric acid serves as an excellent base chemical for multiple sectors, including fertilisers, specialty chemicals and mining chemicals. DFPCL is the leader in the Indian nitric acid market, with a market share of over 45%.

Having commenced on 19 February 2024 and with mechanical works scheduled for completion on 30 September 2025, the project contract is structured as an open book value contract FEED plus EPCM convertible to LSTK later.

 
 
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