Essar Projects bags Rs 300 cr order from IFFCO

NEW DELHI: Essar Projects has won a Rs 300 crore contract from Indian Farmers Fertilizer Cooperative (Iffco), the company said on Tuesday.

The contract entails construction of a new phospho gypsum stack at Iffco’s Paradip unit in Odisha, which is the country’s largest phosphatic fertiliser complex.

The project will be implemented in two phases. The first phase, valued at about Rs 190 crore, will involve completion of about 60% of the total construction in 20 months while the second phase will involve construction of the remaining 40% in 10 months.

This is the fourth big contract secured by Essar Projects from Iffco. The company has completed three projects for Iffco’s Paradip unit.