RCF issues commercial paper worth Rs 190 crore
Rashtriya Chemicals and Fertilizers (RCF) has issued Commercial Paper for Rs 190 crore on March 10, 2017, in favour of State Bank of India, having maturity date as June 8, 2017. The company has issued Commercial Papers as per guidelines issued by the Reserve Bank of India (RBI).
The Commercial Paper issued by the Company on November 21, 2016 for Rs 100 crore, on December 30, 2016 for Rs 175 crore and on January 23, 2017 for Rs 180 crore has been redeemed on February 17, 2017.
RCF, a Government of India Undertaking is a leading fertilizer and chemical manufacturing company with about 80% of its equity held by the Government of India. The company manufactures Urea, Complex Fertilizers, Bio-fertilizers, Micro-nutrients, 100 percent water soluble fertilizers, soil conditioners and a wide range of Industrial Chemicals.