Ramagundam Fertilizers And Chemicals Limited

Ramagundam Fertilizers And Chemicals Limited (RFCL) was incorporated on 17th Feb, 2015 for setting up Gas based Urea manufacturing plant at Ramagundam with capacity of 2,200 MTPD Ammonia Unit and 3,850 MTPD Urea Plant.

RFCL is a Joint Venture Company of National Fertilizers Limited (NFL), Engineers India Limited (EIL) and Fertilizer Corporation of India Limited (FCIL) with 26% equity each by NFL & EIL. FCIL has been granted 11% equity in terms of CCEA approval. State Government of Telangana has subscribed for equity participation of 11%. With the signing of Share Subscription Cum Shareholders Agreement (SSSHA) on 18th August, 2018 amongst RFCL, its Promoters and Investors, leading to Equity participation of 14.3% of Equity Capital by GAIL (India) Ltd. and 11.7% of Equity Capital by HTAS Consortium (consisting of HT Ramagundam A/S, IFU and Danish Agribusiness Fund, Denmark), the Company had achieved 100% Financial Closure for the Project.

RFCL declared zero date of the Project on 25th September, 2015. The commissioning of the Project was anticipated by June 30, 2020 (excluding the likely period to be impacted by Covid-19 uncertainty). The extent of effect due to Covid-19 would be evaluated once the situation gets normalized. As on date the project has achieved 99.6% overall progress. Currently pre-commissioning and commissioning activities are going on and production of urea shall be achieved in days to come.