Rashtriya Chemicals and Fertilizers Limited — Important, 25-04-2025: General Updates

Rashtriya Chemicals and Fertilizers Limited has agreed to acquire 19,99,99,630 equity shares of Talcher Fertilizers Limited at a face value of Rs. 10 per share, totaling Rs. 199.99 Crore. This investment is part of the rights issue of Talcher Fertilizers Limited, a joint venture also involving GAIL (India) Limited, Coal India Limited, and Fertiliser Corporation of India Limited. Talcher Fertilizers, incorporated in 2015, plans to produce approximately 1.26 MMTPA of urea using coal gasification technology, marking it as a first in India. The total equity investment in the project has reportedly increased to Rs. 2169.67 Crore as per the recent Cabinet Committee on Economic Affairs approval. The acquisition is anticipated to be completed by June 2025. This strategic move could enhance RCF's market position and operational capacity in the fertilizer sector, presenting potential growth opportunities for investors.