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RCF inks agreements for revival of Talcher units, Odisha

29 Dec 2014 Evaluate

Rashtriya Chemicals and Fertilizers (RCF) has signed two Joint Venture Agreements (JVAs) with GAIL India (GAIL), Coal India (CIL) and Fertilizers Corporation of India (FCIL) on December 24, 2014, to set up an integrated Coal Gasification cum Fertilizer and Ammonium Nitrate complex at Talcher in Odisha.

The first JV - GAIL Coal Gas (India) shall be led by GAIL and will be primary responsible for setting up the Upstream Coal Gasification and Gas Purification section for production of Ammonia Syn Gas for downstream fertilizer unit at estimated investment of Rs 3,000 crore with majority stake held by GAIL.

The second JV- Talcher Chemicals and Fertilizers shall be led by RCF and will be primarily responsible for setting up Ammonia Urea, Nitric Acid Ammonium Nitrate Plant at an estimated investment of Rs 6,000 crore with majority stake held by RCF and CIL.

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131.70 2.85 (2.21%)
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