- In August 2024, Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) approved an investment proposal to expand its weak nitric acid production capacity by 57%, reaching 600 MTPD (200,000 MTPA). This capacity increase is expected to significantly enhance GNFC’s market position, enabling the company to meet the growing demand for high-purity nitric acid, particularly from the semiconductor and solar energy sectors. The expansion will also help GNFC cater to the increasing need for advanced chemicals in clean energy solutions, positioning the company to capitalize on emerging trends in high-tech industries
- In August 2023, GNFC approved a substantial investment to establish a new weak nitric acid production facility with a capacity of 200,000 MTPA. This move is anticipated to strengthen GNFC’s competitive edge in the market by increasing its production capabilities, allowing it to better serve a broader customer base. The new facility will support the rising demand for electronic grade chemicals and further solidify GNFC’s role as a key supplier to industries relying on high-purity materials for semiconductor manufacturing, solar energy applications, and LCD panel production
