Updated By: LatestGKGS Desk
CCEA approved equity infusion of RCF in Talcher Fertilizers Ltd
CCEA approved equity infusion of RCF in Talcher Fertilizers Ltd: Details, Aim, Highlights
The Cabinet Committee on Economic Affairs (CCEA) chaired by PM Narendra Modi on 19th Sep 2018, has approved the proposal of the Department of Fertilizers for the equity investment of Rs 1033.54 crore 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 the increase in indigenous production of urea leading to greater self-reliance in urea.
TFL, a Joint Venture company of GAIL, RCF, CIL, and FCIL was incorporated in November 2015 to revive the Talcher Fertilizer Plant.
TFL was formed to set up a coal gasification-based fertilizer project at Talcher, District Angul, Odisha.
