State-run Rashtriya Chemicals and Fertilizers Ltd (RCF) today said it will invest around Rs 14,000 crore over the next five years for expansion and charting a growth path for the public sector unit.
"We are investing around Rs 14,000 crore for expansion plans over the next five years, which includes expanding our urea capacity at Thal unit (Raigad district) at a cost of Rs 5,458 crore and fertiliser complex at Talcher (Odisha) for Rs 8,000 crore," RCF Chairman and Managing Director R G Rajan told reporters here.
"We are expanding the capacity of urea at Thal by setting up one single stream ammonia plant of 2200 MTPD capacity and another plant of 3850 MTPD capacity at the existing site.
"The company has already received pre-PIB (Public Investment Board) clearance. We now expect PIB and Cabinet clearance in the next 3-4 months period, Rajan said, adding that the project is expected to go on stream by 2018.
RCF along with Coal India, GAIL (India) and Fertilizer Corporation of India (FCIL) is contemplating to set up a fertilizer complex at Talcher comprising 2200 MTPD ammonia plant, 3850 MTPD urea plant through coal gasification route. This project will utilize state-of-the-art coal gasification technology. The pre-project activities are under way, he said.
The 'mini ratna' PSU is also putting up a sewage treatment plant (STP) at Trombay (Mumbai).
Recognising the need of sufficient water supply for its Trombay plant operations, RCF has lined up a contract to set up a new STP adjacent to the existing plant at a cost of Rs 198 crore, Rajan said.
A part of treated water will be supplied to BPCL, which will share the financial cost of the project, which will be commissioned in October 2016, the CMD said.
