TAN and nitric acid projects commissioning by Q4 FY26
The TAN project at Gopalpur is 87% complete and nitric acid project at 70%, both on track for commissioning by end of Q4 FY26.
DEEPAKFRTLSRSANDPTRCHMCL / guidance tracker
Keep management guidance in view.
Deepakfrtlsrsandptrchmcl · forward-looking guidance across the available source record.
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Guidance tracker
What management said would happen.
expansion
New TAN plant capacity utilization: 70% in FY27, 80%+ in FY28
Management expects the new TAN plant to achieve ~70% capacity utilization in FY27 and 80%+ in FY28.
Ammonia plant capacity increase of ~10% after Q4 shutdown
A planned shutdown in Q4 FY26 is expected to increase ammonia plant capacity by ~10% and improve efficiency.
LNG contract with Equinor to reduce gas costs from May 2026
The new LNG contract with Equinor will start supply from May 2026, expected to materially reduce gas costs and lower ammonia breakeven.
Gopalpur TAN and H2 nitric acid projects to commission in Q1 FY27
Both projects are progressing well (91% and 79% completion) and will materially enhance competitiveness and margin resilience once operational.
15-year LNG contract to reduce ammonia break-even by double-digit percentage
The long-term LNG contract with a Norwegian giant will lower gas costs, reducing the ammonia break-even level significantly from current ~$430-440/ton.
Export quota for TAN may be removed
Discussions with ministries suggest the 50,000 ton/year export quota may be removed as India becomes self-sufficient in ammonium nitrate.