Tata Projects secures Gujarat acid complex EPC contract
Tata Projects secured an EPC contract from GSFC for a Sikka complex with 600 MTPD phosphoric acid and 1,800 MTPD sulphuric acid capacity. The project supports GSFC’s backward integration, while its shares remained near a 52-week low after falling 12.7% over 20 sessions.
after close2 sources ↓machine-written, see hownot a recommendation
- GSFC close
- ₹136.88
- On the day
- +0.34%
- 52-week high
- ₹199.33
- 52-week low
- ₹132.41
Tata Projects secured an EPC contract from Gujarat State Fertilizers & Chemicals to develop an integrated phosphoric acid–sulphuric acid complex at Sikka in Jamnagar, Gujarat. The facility will include a 600 MTPD phosphoric acid plant and a 1,800 MTPD sulphuric acid plant, along with supporting utilities and offsite infrastructure. The contract value was not disclosed.
The project forms part of GSFC’s strategic expansion and backward-integration programme. By adding captive acid-production capacity, the complex is intended to strengthen raw-material supplies for phosphatic fertiliser production, reduce dependence on imported inputs and improve resilience in the company’s operations. The broader scope also positions the project as an integrated industrial-infrastructure development rather than a standalone process unit ⚙️.
For Tata Projects, the contract strengthens its process-industry credentials through a technology-intensive chemical facility. Tata Projects is unlisted, while GSFC is the directly listed company named in the announcement. The project’s eventual contribution to GSFC will depend on construction progress, commissioning and operating performance; the disclosed capacity does not establish a near-term earnings impact.
Key points:
- OI Charts data showed GSFC closing at ₹136.88 on 29 Oct 2026, up 0.34%, with volume of 415,619 shares.
- The stock remained close to its 52-week low of ₹132.41 recorded on 26 Oct 2026, against a 52-week high of ₹199.33 on 17 Nov 2025.
- OI Charts data showed moves of +0.3% over one session, -7.5% over five sessions and -12.7% over 20 sessions. These figures provide market context but do not establish that the EPC contract caused the share-price movement
Investors will watch for the contract value, project timelines, regulatory or company filings, construction milestones and commissioning progress. These developments will determine when the new acid capacity begins to affect GSFC’s operating profile and the wider fertiliser and chemicals value chain 🧪.
Source: BusinessLine, 28 Oct 2026; Indian Chemical News, 30 Oct 2026
Not investment advice. For informational purposes only.