Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC) Q4FY26 Management Mirror - Mar-2026 Qtr
Capital Expenditure & Pipeline
Management reiterated the ongoing capex pipeline of approximately INR 2,800 crores for FY27, covering the AN Melt II, weak nitric acid, and ammonia expansion projects, all expected to be commissioned by next year (Mar'26 Qtr). This remains consistent with the committed INR 2,800 crores capex pipeline detailed in the Sep'25 Qtr. CapEx plans for FY28 are pending finalization in upcoming quarters. Total potential investment capacity of ~INR 15,000 crores was flagged in the Sep'25 Qtr, with new projects slated for investment-grade decisions by the end of the current calendar year (Mar'26 Qtr). [Status: Reaffirmed]
5 more themes on the ELITE plan.