CHAPTER-III

APPRAISAL REPORTS OF MAJOR PROJECTS/PROGRAMMES

IFFCO's KANDLA PHASE-II DAP/NPK EXPANSION PROJECT

The approved capital cost of the Kandla (Phase-II) DAP/NPK Expansion Project of IFFCO  is Rs.212.20 crore, including a foreign exchange component of Rs.18.10 crore. It is being funded with a debt equity ratio of 1:1. The zero date of the project was 22.1.1997 with a project icompletion schedule of 33 months.The project is scheduled to go into commercial production on 22.10.1999. After completion, the capacity of the existing plant will increase by about 3.70 lakh TPA of NPK and 2.27 lakh TPA of DAP. The project is progressing as per schedule. The actual expenditure incurred on the project till October, 1998, was Rs.79.01 crores  and the overall  physical progress was 68.01%.