Gujarat Narmada Valley Fertilizers and Chemicals Limited has informed the Exchange regarding a press release dated December 23, 2025, titled "Contract with Toyo Engineering India Private Limited (Toyo) for supply of Ammonium Nitrate II plant on LEPC basis".
GNFC · price
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Gujarat Narmada Valley Fertilizers and Chemicals Limited (GNFC) has signed a contract with Toyo Engineering India Private Limited for setting up an Ammonium Nitrate II plant on a Lump Sum Engineering, Procurement and Construction (LEPC) basis. The announcement is based on a press release dated December 23, 2025. This indicates GNFC is expanding its fertilizer and chemical manufacturing capacity with a new ammonium nitrate facility. The exact contract value was not disclosed in the filing. The contract is being executed with Toyo Engineering India, a domestic private EPC contractor.
This is a capacity expansion move in the ammonium nitrate segment, which could boost future production and revenue. However, since the contract value has not been disclosed, the immediate impact on stock price or shareholder value remains unclear until more details emerge.