The Cabinet Committee on Economic Affairs (CCEA), Government of India, has granted approval for an equity investment of Rs1,033.54 crore by Rashtriya Chemicals and Fertilizers Limited (RCF) in a coal gasification-based fertilizer plant being set up by Talcher Fertilizer Limited (TFL) in Odisha. The capital infusion by RCF is 29.67 percent of the complete project cost. The capital expenditure of the project is estimated at Rs11,611.48 crore, with a provision for 15 percent cost escalation. TFL is a joint venture between GAIL (India) Limited, RCF, Coal India Limited with 29.67 percent stake each and Fertilizer Corporation of India Limited with 10.99 percent stake. TFL is tasked to set up the project at Talcher.
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