RCF gets Govt. approval for setting up new NPK plant

Rashtriya Chemicals & Fertilizers (RCF) said that it had received approval from the Department of Fertilizers (DOF) for setting up an NPK plant.

In an exchange filing made during market hours, the company said that the Department of Fertilizers (DOF), Ministry of Chemicals & Fertilizers, Govt. of India, has accorded administrative approval for setting up of a new 1200 MTPD DAP / NPK plant at RCF’s Thal unit, which is located in Raigad District, Maharashtra.

The plant will be set up at an estimated project cost of Rs 914.58 crore. The project is expected to be completed in 36 months.

The decision regarding the applicability of Surplus Ammonia policy is awaited from DOF, the company said.

RCF is a fertilizer and chemical manufacturing company. The firm manufactures urea, complex fertilizers, bio-fertilizers, micro-nutrients, water-soluble fertilizers, soil conditioners, and a range of industrial chemicals.