India : The Department of Fertilizers, under the Ministry of Chemicals and Fertilizers, Government of India, issued an Office Memorandum dated March 7, 2024, providing details regarding the equity investment in Talcher Fertilizers Limited (TFL). According to this memorandum, the Cabinet Committee on Economic Affairs (CCEA) convened on February 18, 2024, and approved a revised total equity investment of approximately Rs. 2169.67 Crore by Rashtriya Chemicals and Fertilizers Limited (RCF) in the Talcher Fertilizers Limited project.
This approval represents a significant increase from the previous equity investment amount, which stood at around Rs. 1184.20 Crore. The new investment allocation underscores the government’s commitment to bolstering the Talcher Fertilizers project, which holds strategic importance in India’s fertilizer industry.
The expansion of equity investment signifies a heightened confidence in the project’s potential to contribute to the nation’s agricultural sector and overall economic growth. It reflects the government’s proactive approach towards promoting domestic fertilizer production and reducing dependency on imports, aligning with its broader agenda of achieving self-sufficiency in key sectors.