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STC scouts for tie-up with global urea firms to bid for Nepal tender

Jan 23: State Trading Corporation of India Limited (STC) is soliciting global tie-up for urea export to Nepal under a tendering invitation issued by Kathmandu-based Agriculture Inputs Company Limited (AICL).
8The last date for submission of offers for supply of 35,000 tonnes of urea to AICL as per the tendering invitation issued by it is 23rd February 2015.
STC is keen to participate in this bidding competition and is according seeking a “Back to Back arrangement with the global suppliers” for supply of Urea in case the order is placed on STC.
8The company says: “STC would quote the rates to AICL (Nepal) on the basis of rates/prices offered by the lowest bidder to STC after adding a Trading Margin of STC @ 3% of the CIF Nepal value plus agency commission charges of our authorized agent in Nepal. The basic terms of order received by STC from AICL (Nepal) shall mutatis mutandis apply in the back-to-back contract to be finalized
between STC and the lowest bidder except payment terms.”
8It adds: “STC will extend necessary help like signing of documents for import in India and final export to Nepal. Please note that all the statutory and legal requirements within and outside India have to be complied by the supplier. STC will not be responsible for any lapses in this matter.”

Zuari unveils move to tap capital market to fund its growth plan

Jan 23: Zuari Agro Chemicals Ltd (ZACL) is gearing up to tap the capital market for financing its projects as well as strategic acquisitions.
8At a meeting held on 22nd January, ZACL’s Board of Directors approved the Company’s proposal to mop up to Rs. 400 crore through further issue of securities including Equity Shares, by way of offer to qualified institutional placement (QIP).
8In a disclosure to the BSE and NSE, ZACL stated: “The proceeds from QIP shall be utilized for substantial revamp of existing manufacturing capacities and towards strategic investment/acquisitions.”
8In the footnotes to its latest quarterly results, ZACL has given an update on its latest offer, made in association its subsidiary Zuari Fertilizers and Chemicals Limited (ZFCL), for acquisition of additional shares aggregating to 36.56% stake in Mangalore Chemicals and Fertilisers Limited (MCFL).
8Following completion of an earlier share purchase offer, ZFCL has been classified as a promoter of MCFL with effect from 3rd November 2014.

MBAPL to set up rock phosphate beneficiation plant in MP

Jan 21: Madhya Bharat Agro Products Private Limited (MBAPL), a SSP producer, has proposed to set up a 300 tpd Rock Phosphate Beneficiation Plant at Saurai Industrial Area in Sagar district of Madhya Pradesh. The proposed capacity of the plant is 300 TPD.
8In its environment impact assessment report on the project, MBAPL says: “The very objective of the company is to achieve cost effective technological innovations in the manufacturing of Beneficiated Rock Phosphate and to diversify into Beneficiated Rock Phosphate based downstream projects.
8The company has disclosed details of downstream granulated SSP project in the EIA report.

Greenstar Fertilizer benefits from phosphoric acid tolling deal

Jan 21: Credit rating major ICRA believes that DAP producer Green Star Fertilizers Limited (GSFL) is benefiting from its tolling arrangement with phosphoric acid supplier Sesa Sterlite Limited.
8In its credit rating release on GSFL, ICRA notes: “The rating further takes into account the sharp improvement in the capacity utilisation in the current fiscal following the signing of a tolling agreement with Sesa Sterlite Ltd for the supply of Phosphoric Acid and the modest improvement witnessed in the profitability owing to low prevailing prices of rock phosphate and the reduced forex losses following relatively steady currency levels.”
8The rating also takes into account the large volatility in GSFL’s operating profitability and the thin net margins. The operating margins have been volatile in the three years of operations as a result of the exposure to global prices of key raw materials like rock phosphate, regulatory restrictions on MRP of products and the increasing marketing costs and rebates following the piling up of channel inventories.
8The net margins have been impacted due to the increasing interest costs and the large forex losses that the Company has been incurring due to the substantial import dependence with respect to procurement of raw materials. 8The rating is further constrained by the increase in the working capital intensity following the increase in trade and subsidy receivables as also the increase in inventory levels. This has necessitated increased creditor and working capital financing thereby leading to adverse capital structure and debt coverage metrics.
8GSFL had acquired the integrated phosphates and NPK fertilizers production facilities from Southern Petrochemical Industries Corporation (SPIC) in October 2011.
8According to ICRA, various entities controlled by Mr. Ashwin Muthiah have 90% equity stakes in the company. Toyota Tsusho Corporation, the trading arm of the Toyota group, holds the balance 10% stake.

RSMM to cut P2O5 content of its rock phosphate; seeks bids for existing grade

Jan 20: Rajasthan State Mines & Minerals Limited (RSMM) has decided to lower the phosphate content of its rock phosphate to 30% from the present 31.5%.
8The company has disclosed this in a tendering invitation. It says: “RSMM is in the process of introducing 30% P2O5 Rockphosphate (SSP) shortly”. It has thus invited closed bid offers from all eligible buyers for sale of 15,000 MT of 31.5% P2O5 rockphosphate (SSP) from Jhamarkotra mines as per details provided in the table given in the tender document.
8It adds: “After this sale, RSMML shall discontinue the sale of 31.5% P2O5 Rockphosphate (SSP) in order to switch over to 30% grade.”
8The minimum bid quantity should be 500 MT for 31.5% P2O5 Rockphosphate (SSP) or in increment of 500 MT subject to maximum of 15000 MT.

Composting preferred by municipal wastes units in small towns: CPCB

Jan 20: Central Pollution Control Board (CPCB) has given an insight into trends in production of organic manure by municipal solid wastes (MSW) processing plants across the country.
8In its Consolidated Annual Review Report on Implementation of MSW (Management and Handling) Rules for 2013-14, CPCB says: “It has been observed that option of composting/vermi-composting technology is preferred in small towns as it is easy to operate by local bodies rather than going for other options like thermal processing (incineration, pyrolysis, gasification, etc.). Waste to Energy projects are generally not attempted by small ULBs (urban local bodies) due to lack of experiences, capital investment and demands. However, metro-cities have no other option but to go for Waste-to-Energy project for managing large quantity of MSW. The industrialized states like Gujarat, Maharashtra, Delhi, etc. have preferred waste to energy projects.
8According to the Report dated 7th January 2015, as many as 535 waste processing plants (compost & vermin-compost) have been set up in 375 ULBs. Some of these facilities are shared by 2/3 ULBs in the state of Andhra Pradesh, Himachal Pradesh, West Bengal, etc.
8These waste processing plants cover treatment of wastes partly or fully. Waste processing plants are under construction in 107 ULBs. Till the year 2012-13, establishment of as many as 645 compost/vermin-compost plants were reported including the number of many decentralized vermin-compost plants within municipal areas. The operation status and actual number of such facilities are not known.

NFL invites tenders for comprehensive energy audit of Nangal plant

Jan 19: National Fertilizers Limited (NFL) is soliciting offers for undertaking an exhaustive energy audit of its fertilizer plant at Nangal in Punjab.
8The successful bidder would be required to complete the draft report on comprehensive energy audit of ammonia Plant, urea Plant, boilers and offsite facilities within four months from issue of letter of intent. The bidder would have to submit final report within fifteen days from date of receipt of comments from NFL, if any.
8Nangal plant comprises a gas-based ammonia-urea stream with installed production capacity of 950 tonnes per day (tpd) of ammonia and 1450 tpd of urea. The plant’s service boilers use coal and natural gas to generate steam to meet process requirements and run turbines.
8The plant’s other auxiliaries viz Water Treatment Plant, Cooling tower, Ammonia storage, Instrument & Service Air System, Effluent treatment facilities etc. Bagging Plant is equipped with conveying system and 14 electronic bagging machines.
8NFL has invited tenders in pursuance of Power Ministry’s notification dated 27th May 2014 directing every designated consumer to get an energy audit conducted by an accredited energy auditor within 18 months of notification.

MMTC gears up for urea imports

Jan 19: MMTC Limited has invited tenders for import of unspecified quantity of prilled/granular urea for shipments from load ports latest by 13th March 2015.
8According to the tender document, “Marine insurance (for other than Iranian Origin cargo) shall be arranged by MMTC. Marine insurance for Iranian origin cargo shall be arranged by supplier at their own cost. MMTC and / or its receivers reserve the right to appoint any reputed independent inspection agency at discharge port for determining quality and quantity, whose report shall be treated as final.”
8It says: “Bidders must clearly indicate specific quantity offered for arrival as indicated above. Bidders are also required to furnish specific tonnage offered from each port of shipment indicated by them. Such quantities shall be clearly mentioned as “firm quantities”. Offers mentioning “suppliers option” are liable to be rejected.”
8The last date for submission of bids is 27th January 2015.

FACT seeks bids for online emission & effluents monitoring gear

Jan 16: Fertilisers and Chemicals Travancore Limited (FACT) has invited tenders for supply, installation and commissioning of an Online Emission & Effluent
Monitoring System at its Udyogamandal Division, Kochi.

Zuari shuts its ammonia-urea plant; Spic resumes its urea production

Jan 16: Zuari Agro Chemicals Ltd (ZACL) has shut down its ammonia-urea stream at its fertilizers complex in Goa due to emergence of an operational glitch.
8In a brief disclosure to the BSE and NSE, ZACL said: “the operations of Ammonia and Urea Plants of the Company have shut down due to high pressure drop across the Low Temperature Shift 8Converter. The Catalyst is in the process of being replaced.”
8It added: “Once the normalcy is restored, the Company will intimate the Exchange.”
8In a separate disclosure to the National Stock Exchange, Southern Petrochemical Industries Corporation Limited (SPIC) disclosed that it re-started urea production at its fertilizer plant in Tuticorin.

Tripartite JV for brownfield Ramagundam fertilizer takes off

Jan 14: National Fertilizers Limited (NFL), Engineers India Limited (EIL) and Fertilizer Corporation of India (FCIL) have signed an agreement to form a Joint Venture Company (JVC) for setting up brownfield fertilizer project at Ramagundam in Telangana.
8The agreement for the JV named Ramagundam Fertilizers and Chemicals Limited was signed today at a high-profile ceremony.
8Under the pact, NFL would provide marketing services to JV and EIL would provide Engineering, Procurement and Construction Management (EPCM) Consultancy Services for the project.
8The Rs 5000-crore project envisages setting up of a 2200 tonnes per day (tpd) ammonia plant and a 3850 tpd urea plant.

CIL to use LPG as standby fuel to overcome gas shortage at Kakinda DAP plant

Jan 14: Coromandel International Limited (CIL) intends to use liquefied petroleum gas (LPG)/propane as alternative fuel at its DAP/NPK fertilizer plant at Kakinada in Andhra Pradesh keeping in interruptions in existing gas supply by GAIL.
8CIL intends to install additional mounded 3X100 tonnes LPG/propane bullet storage for which it has applied to The Ministry of Environment, Forests and Climate Change (MOEFCC) for amendment of environmental clearance given earlier for expansion of the project.
8In its prefeasibility report on this multi-fuel option scheme, CIL says: “Keeping in view of the interrupted NG supply by GAIL in the recent past, Coromandel intends to utilize LPG as stand-by and alternative fuel in the existing facility. Since the overall gross calorific value of NG and LPG is almost identical, the overall fuel consumption in the facility will remain unchanged from the current scenario.”
8It adds: “Coromandel approach Bharat Gas Limited, Super Gas Limited, Indian Oil Corporation for the supply for the LPG through road tankers. In view of this the CIL proposed to adopt duel fuel (NG and LPG) in the existing facility depending up on the availability of respective gas. Expression of interest from Super Gas/IOCL and Bharat Gas has been obtained for the supply of required LPG at Kakinada plant.”

Jan 13: MFL seeks offers for supply of granulated mixture & pesticides   Details
Jan 13: NFL solicits offers for comprehensive energy audit of Bathinda plant   Details
Jan 12: RCF seeks offers for supply of MAP   Details
Jan 9: DFPCL invokes 'me-too principle' to seek EC waiver as given to RCF   Details
Jan 9: PNGRB starts consultations on tariff for GAIL's two flagship pipelines offered as an integrated facility   Details
Jan 8: MFL & SPIC begin start-up work for their naphtha-based urea plants   Details

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