GSFC commissions 10MW solar power project

Gujarat State Fertilizers and Chemicals (GSFC) announced that the company has commissioned 10MW Solar Power Project. This green energy initiative is in addition to its windmill portfolio of 147 MW and Solar Rooftop of 1 MW.

The solar project would contribute to the company's Renewable Purchase Obligation (RPO) compliance. Further, being green and clean energy, it shall reduce CO2 emission by about 159,907MT, annually. The plant would generate around 2 crore units of Electrical Energy and it would contribute approximately Rs. 14 crore YoY to the company's balance sheet.

Recently, the company had informed about the closure of its Ammonia and Urea plants for maintenance work for around 50 days.

GSFC is engaged in the manufacturing of fertilizers and industrial products. The company has created more than 24 brands of fertilizers, petrochemicals, chemicals, industrial gases, plastics, fibers and other products.

At 2.45 pm, the stock of GSFC traded at per share price of Rs. 101.30, down by 0.78 percent on BSE.