Home ECONOMY Cabinet approves equity infusion of RCF in Odisha’s Talcher Fertilizers Ltd

Cabinet approves equity infusion of RCF in Odisha’s Talcher Fertilizers Ltd

0
SHARE

New Delhi: The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved the proposal of the Department of Fertilizers for equity investment of Rs 1033.54 crore (+ ) @ 29.67% of the total project cost for setting up a Coal Gasification based fertilizer project in Talcher Fertilizer Ltd. (TFL) by Rashtriya Chemicals & Fertilizers Limited (RCF).

The revival of the Talcher project will ensure huge investment in the fertilizer sector from the Government through PSUs. This will create job opportunities and also boost the economy of the State and the eastern region. The revival of the fertilizer unit will also ensure increase in indigenous production of urea leading to greater self-reliance in urea.