Kerala - Kochi   

FACT charts out ambitious growth plan

KOCHI: Fertilisers and Chemicals Travancore (FACT) will tap its vast land bank and human resource base for a more robust future through an array of new joint ventures with several public sector companies, including one between Indian Oil Corporation (IOC) and FACT Design and Engineering Organisation (FEDO).

The struggling fertiliser PSU will also sign a memorandum of understanding with Indian Potash Limited to ensure timely and cost-effective supply of raw materials over the next three years.

A spokesman for FACT said here that these new projects will be unveiled on Saturday when Union Minister for Fertilisers Ramvilas Paswan will lay the foundation for the Rs. 80-crore joint venture between Rashtriya Chemicals and Fertilisers (RCF) and FACT for producing phosphogypsum-based wall panels with technology from Rapid Building Systems, an Australian company.

At the same function, Chief Minister V. S. Achuthanandan will open to the public a demonstration unit built with the gypsum-based wall panels.

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