Currently, the international price of grey ammonia ranges from approximately USD 800 to 900 per metric ton, while the domestic manufacturing cost of green ammonia is around USD 567 per metric ton.
PM Narendra Modi and Uttar Pradesh CM Yogi Adityanath expressed grief over the incident and have announced financial assistance to the injured and ex-gratia for the kin of the deceased.
The proposed facility will have a handling capacity of four million tonnes per annum and has been designed to strengthen Paradip port's role as a hub for green energy cargo.
The commissioning will take place in stages, beginning with 0.5 MTPA by 2027, scaling to 1.0 MTPA in 2028, and reaching full capacity of 1.5 MTPA by 2030.