Dear Friends/ Viewers,
Gujarat Narmada Valley Fertilizers Company (GNFC) had reported a disastrous explosion followed by fire in the Waste Heat Boiler (E-703), in their Ammonia plant on February 10, 2010. Following this damage, there was a disruption in their plant operations for 4 months.
GNFC is a joint venture between the Gujarat Government and Gujarat State Fertilizer Company Ltd. It was set up in Bharuch in 1976 and is one of the world's largest single-stream ammonia-urea fertilizer complexes. The company reported the loss and material damages to New India Assurance (NIA).
In a filing to Bombay Stock Exchange (BSE), GNFC said, “NIA has paid an amount of Rs 141.20 crore as a full and final settlement on February, 2011.
..... EDITOR
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