RCF plans to invest Rs 4,500 cr in 1.27-mt urea plant

Rashtriya Chemicals and Fertilisers (RCF) is planning to set up an urea plant at its Thal manufacturing site near Mumbai with an estimated investment of Rs 4,500 crore, according to a PTI report. The new plant, having capacity of about 1.27 million tonnes (mt) of urea per annum, will be covered under the recently notified new urea investment policy.
 
“We are expected to start this Thal III project in the next financial year and it is estimated that around Rs 4,500 crore would be invested in the project,” said R G Rajan, Chairman and Managing Director, RCF, to PTI.
 
In addition to new urea unit, RCF is also planning to set up a subsidiary that will specifically focus on ventures and assets abroad where feedstock natural gas is cheap or raw materials like phosphate are available in abundance.
 
FOR COMPLETE REPORT READ: RCF plans new urea capacity with Rs 4,500-cr investment