Rashtriya Chemicals and Fertilisers plans new urea capacity with Rs 4,500-crore investmentThe new project will be covered under the new urea investment policy, which has been recently notified by the government.
Government planning to sell 5 per cent stake in RCF next fiscalGovernment is planning to divest at least 5 per cent stake in state-run Rashtriya Chemicals and Fertilizers (RCF) in 2015-16, sources said.
Taking a cue from ONGC, Rashtriya Chemicals and Fertilizers plans to set up a subsidiary RCF VideshSenior officials both in RCF and the Fertilizer Ministry have confirmed that the proposal to set up RCF Videsh is under consideration.
Taking a cue from ONGC, RCF plans RCF Videsh'RCF Videsh' will focus on ventures and assets abroad where feedstock natural gas is cheap or raw materials are available in abundance.
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Gas Authority of India Ltd (GAIL), natural gas major, would supply gas to Barauni fertiliser factory and its 250-300 MW power plant at Bett...