The Cupboard Committee on Financial Affairs has given its approval for extension of applicability of New Funding Coverage (NIP)-2012 learn with its modification for the Ramagundam Fertilizers and Chemical compounds Restricted.
RFCL is a Joint Enterprise Firm consisting of Nationwide Fertilizers Restricted, Engineers India Restricted and Fertilizers Company of India Restricted which was integrated on seventeenth of February, 2015. RFCL is reviving the erstwhile Ramagundam Unit of FCIL by organising a brand new gas-based inexperienced discipline neem coated Urea Plant with the put in capability of 12.7 lakh Metric Tonnes every year. The price of the RFCL Urea challenge is over Rs 6,165 crore.
The state-of-the-art gas-based RFCL Plant is a part of the initiative taken by the federal government to revive the closed urea models of FCIL with the intention to obtain self-sufficiency within the urea sector. The beginning of the Ramagundam plant will add 12.7 lakh Metric Tonnes every year indigenous urea manufacturing within the nation. It’ll assist understand the imaginative and prescient to make India ‘Atmanirbhar’ in urea manufacturing.
It will likely be one of many largest fertilizer manufacturing models of South India. The challenge shall not solely enhance the provision of fertilizer to farmers but additionally strengthen the financial system within the area.