RCF to seek investment board approval to invest Rs. 4,112 cr.

With new urea policy getting delayed, state-owned RCF plans to seek clearance from Public Investment Board (PIB) for proposed expansion of its plant in Maharashtra at an investment of Rs. 4,112.50 crore.

In March last year, in a meeting of pre-Public Investment Board, the proposal to expand its urea capacity by 1.27 million tonnes at Thal plant was cleared. Following which the RCF applied with the same project under the new urea investment policy, which assures guaranteed buyback.

BS