Rashtriya Chemicals and Fertilizers (RCF) has issued Commercial Paper for Rs 200 crore on September 29, 2016, in favour of HDFC Bank, having maturity date as October 10, 2016. The company has issued the commercial paper in terms of the guidelines issued by the Reserve Bank of India (RBI).
Further, the Commercial Paper issued on July 29, 2016, for Rs 150 crore, has been redeemed on September 29, 2016.
RCF, a Government 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.