GNFC Awards Rs 3.6 Billion Ammonium Nitrate Plant Contract

25 Dec 2025 CW Team

Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) said it has awarded a contract valued at about Rs 3.6 billion to Toyo Engineering India for the supply of an Ammonium Nitrate-II plant on a lump-sum engineering, procurement and construction (LEPC) basis.

The contract has been awarded to a domestic entity and is scheduled to be executed over a period of 20 months. GNFC clarified that neither the promoter nor the promoter group has any interest in Toyo Engineering India, and the transaction does not qualify as a related party transaction.

GNFC is engaged in the manufacture and sale of fertilisers and industrial chemical products, and also provides IT services. In the second quarter of FY26, the company reported a 70.5 per cent jump in consolidated net profit to about Rs 1.79 billion, while revenue from operations rose 2.7 per cent year-on-year to around Rs 19.68 billion.

Shares of Gujarat Narmada Valley Fertilizers & Chemicals ended 0.10 per cent higher at Rs 490.05 on the BSE.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Infrastructure Transport

06 Jul 2026

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Infrastructure Transport

06 Jul 2026

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..