National Fertilizers to get Rs 3,850 crore worth of funding from banks

Government-owned National Fertilizers (NFL) is likely to receive Rs 3,850 crore worth of funding from around 13 banks. Funds raised from banks will be utilized for augmenting urea capacity of the company.

Recently, the company ventured into wind power generation business with a plan to set-up 14.7 megawatt (MW) project in Rajasthan. The proposed project, worth Rs 72 crore, is slated to be completed by the end of September.