Rashtriya Chemicals & Fertilizers Ltd (RCF) has got approval for setting up a new unit in India, which is a major move towards increasing its fertilizer and chemical production capacity. This is in line with RCF's strategic intentions to increase its production capacity and support the growth of India's agricultural sector.
Recently, Larsen & Toubro was given a ₹1,000 crore contract by RCF to install a 1200 MTPD complex fertilizer plant in its Thal unit in Maharashtra. The project, worth around ₹1,000.27 crore, is due for completion within 27 months and will further strengthen RCF's foothold in the fertilizer segment.
Major Highlights:
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Formation of New Unit: Sanctioned to increase manufacturing capacity.
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Thal Fertilizer Plant: Construction of 1200 MTPD complex fertilizer plant underway.
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Contract Value: ₹1,000.27 crore to Larsen & Toubro.
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Construction Timeline: 27 months' expected completion time.
Source: Business Standard, CNBC-TV18, Economic Times.