Chambal Fertilisers & Chemicals is all set to raise $1 billion (Rs 6,673 crore) for its expansion plans. In this regard, the company has appointed HDFC Bank and SBI Capital Markets as the lead managers to raise $500 million (Rs 3,336 crore) via the external commercial borrowing (ECB) route.
At the board meeting held last month, the management had approved setting up of this new plan, which would require an investment of Rs 5,940 crore.
Chambal Fertilisers & Chemicals is one of the largest private sector fertilizer producers in India. It has three divisions catering agri products, shipping & textiles.
