Fertiliser company Kribhco said it has decided to modernise its ammonia and urea manufacturing plant in Surat at an estimated Rs 1,301 and raise production capacity through technology transfer from the US and Italy.
As per the plan, technology for the plant would be transferred from US-based Kellogg Borwn Root, a global engineering, construction and services firm, while an Italian firm Saipem would provide the technology for the urea plant, a company statement said.
The modernisation programme is estimated to cost Rs 1,301 crore and it would be completed by September 2011, it said.
The company has proposed to enhance its production capacity of Ammonia from the current levels of 10.03lakh MT annually to 12.47 lakh MT and that of its Urea plant from 17.29 lakh MT to 21.94 lakh MT, the company said.
The company has projected to reduce energy consumption post the modernisation of its plant, a senior company official said.