Rashtriya Chemicals and Fertilizers (RCF) has issued Commercial Paper for Rs 100 crore on November 21, 2016, in favour of HDFC Bank, having maturity date as February 17, 2017. The company has issued Commercial Papers in terms of the guidelines issued by the Reserve Bank of India (RBI).
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.
