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Fertilisers and Chemicals Travancore Limited (FACT) is launching a ₹6,350 crore Capex 2.0 expansion program to boost fertilizer manufacturing. Key projects include a 700-tonne-per-day phosphoric acid plant, a 2,200-tonne-per-day sulphuric acid plant, a 1500 MTPD urea plant, and a 20,000-tonne ammonia storage tank.

The production capacity of NP fertilizer is set to rise from 860,000 tonnes to 1.4 million tonnes annually with a new 1650 MTPD NPK plant. Production is expected to start in the 2026-27 financial year, potentially increasing FACT's turnover from ₹5,500 crore to ₹15,000 crore within ten years.