State-run Rashtriya Chemicals and Fertilisers (RCF) will soon invite bids for its proposed Rs 4,500-crore urea capacity expansion at its Thal plant near Mumbai. The Mini-Ratna company, which will be increasing fertiliser prices by 2-3 per cent to offset the natural gas price hike impact on margins from this month, is going to set up a new urea capacity at its Thal plant near Mumbai with an estimated investment of Rs 4,500 crore.
RCF, along with Coal India, GAIL and Fertiliser Corporation of India, is setting up Rs 9,000-crore facility at Talcher in Odisha and the plant is likely to be commissioned in 2019.
