Rashtriya Chemicals and Fertilisers (RCF) has received an in-principle approval to take a minimum of 11% equity stake in the revival of Sindri unit of FCIL by forming new Joint Venture Company (JVC) with other PSUs. The board of directors at its meeting held on February 25, 2016 has approved for the same.
RCF, a Govt. of India Undertaking is a leading fertilizer and chemical manufacturing company with about 80% of its equity held by the Govt. of India. RCF manufactures Urea and Complex fertilizers (NPK) along with a wide range of Industrial Chemicals. Govt. of India has accorded 'Mini Ratna' Status to RCF.
