National Fertilizers (NFL) has signed rupee loan agreement with SBI for an amount of Rs 1044 crore on December 24, 2018 and has achieved financial closure for its Energy Reduction Schemes at Panipat, Nangal and Bathinda projects and other capex at various units with total project cost of Rs 1160 crore. Rupee term loan has been sanctioned by SBI in debt: equity ratio of 90:10. The interest rate is linked to 1 year MCLR plus spread of 0.15% basis for door to door tenor of 12 years. The 1st drawal is expected by December 31, 2018.
NFL is second largest producer of Nitrogenous Fertilizers in the India commanding 16.5% of market share. The company also manufactures spectrum of industrial products which include Methanol, Sodium Nitrate, Sodium Nitrite, Nitric Acid, Sulphur, Liquid Oxygen, Liquid CO2, Liquid Nitrogen etc.
Company Name | CMP |
---|---|
Coromandel Interntl. | 1239.00 |
National Fertilizers | 100.50 |
Chambal Fert & Chem | 400.10 |
RCF | 145.70 |
Paradeep Phosphates | 71.78 |
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