STL To Invest Rs 2200 Cr For Technical Ammonium Nitrate Plant At Odisha’s Gopalpur

Bhubaneswar: Chief Minister Naveen Patnaik on Thursday laid the foundation for a global scale Technical Ammonium Nitrate (TAN) manufacturing complex at Gopalpur in Ganjam.

Inaugurating it on the virtual platform, Naveen said the project is another example of the state’s continuing dominance as a premier investment destination for multiple sectors of industry.

To be built by leading manufacturer of fertilisers in India – Smartchem Technologies Ltd (STL) – with an investment of Rs 2,200 crore, the unit will create employment opportunities for over 1,700 local people.

A 100 per cent subsidiary of Deepak Fertilisers, STL is the fifth largest producer of TAN. Used for multiple purposes in various sectors like agriculture, industry and mining, Ammonium Nitrate will provide huge boost these sectors in the state.

The Chief Minister assured complete facilitation support to the project from the state government.

Speaking on the occasion, Industries Minister Dibya Shankar Mishra said Odisha has the right eco-system for industries to grow. Minerals, quality manpower and supportive policies provide huge support to industries to fast track projects, he added.

CMD of STL Sailesh Chimanlal Mehta, who joined the virtual event from Pune, said “Odisha’s consistent push for industries and the transformation initiative through 5T framework has enhanced our confidence in the state government, and the dream to foray into Odisha has been fulfilled.”

Chief Secretary SC Mahapatra; Development Commissioner PK Jena; Berhampur MP Chandra Shekhar Sahu; Principal Secretary, Industries, Hemant Sharma and Ganjam Collector Vijay Amruta Kulange were also present.