Mumbai, March 25 -- The agreement followed the company's board approval on 13 August 2024. TKUIPL, in collaboration with its parent company Thyssenkrupp Uhde, will provide process know-how and licensing for the new plant.

The installation will increase GNFC's nitric acid production capacity by approximately 57%, supporting its downstream operations and bolstering the indigenization initiative.

GNFC currently operates two nitric acid plants licensed by Thyssenkrupp Uhde. The third plant aims to strengthen the company's market presence while maintaining its commitment to environmental conservation.

"The third plant will enhance the capacity of GNFC by 57% and fulfill the downstream requirement to support the Make in India campaign, with ...