RCF raises Rs 200 crore through issue of Commercial Paper

Rashtriya Chemicals and Fertilizers (RCF) has issued Commercial Paper for Rs 200 crore on September 21, 2016, in favour of HDFC Bank, having maturity date as October 18, 2016. The company has issued the paper 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.