Rashtriya Chemicals and Fertilizers (RCF) has issued Commercial Paper for Rs 150 crore on March 23, 2017, in favour of State Bank of India (SBI), having maturity date as June 21, 2017. This step has been taken in terms of the guidelines issued by the Reserve Bank of India (RBI).
Further, the Commercial Paper issued by the company on December 23, 2016 for Rs 150 crore has been redeemed on March 23, 2017.
RCF, a Government of India Undertaking is a leading fertilizer and chemical manufacturing company with about 80% of its equity held by the Government of India. The company manufactures Urea, Complex Fertilizers, Bio-fertilizers, Micro-nutrients, 100 percent water soluble fertilizers, soil conditioners and a wide range of Industrial Chemicals.