Rashtriya Chemicals and Fertilizers (RCF) has issued Commercial Paper worth Rs 200 crore on December 6, 2017, in favour of State Bank of India, having maturity date as March 6, 2018. This step has been taken 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 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.
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