Rashtriya Chemicals and Fertilizers signs joint venture agreements

To lead Talcher Chemicals and Fertilizers with estimated investment of Rs 6000 crore

Rashtriya Chemicals and Fertilizers has signed joint venture agreements with GAIL (India), Coal India and Fertilizer Corporation of India on 24 December 2014 to set up an integrated Coal Gasification cum Fertilizer and Ammonium Nitrate complex at Talcher in Odisha.

JV1 - GAIL Coal Gas (India) shall be led by GAIL and will be primarily responsible for setting up the upstream coal gasification and gas purification section for production of ammonia syn gas for downstream fertilizer unit at estimated investment of Rs 3000 crore with majority stake held by GAIL.

JV2 - Talcher Chemicals and Fertilizers shall be led by RCF and will be primarily responsible for setting up ammonia urea, nitric acid ammonium nitrate plant at an estimated investment of Rs 6000 crore with majority stake held by RCF and CIL.

Powered by Capital Market - Live News