RCF's ₹1500 crore FPO approved in principle, government still considering

The question asked the Ministry of Chemicals and Fertilizers about the status of Rashtriya Chemicals and Fertilizers Ltd. (RCF)'s proposal to raise funds via a Further Public Offering (FPO), the utilization of these funds, and measures to ensure fertilizer availability in Tamil Nadu.

Asked and answered by: Asked by Thiru Dayanidhi Maran; Answered by the Ministry of Chemicals and Fertilizers (Minister Shri Jagat Prakash Nadda).

What the government said

• RCF's Board of Directors accorded in-principle approval on July 7, 2026, to raise Rs. 1500 crore through an FPO.
• The proposal is currently under consideration by the Government.
• Funds are intended for equity infusion in Talcher Fertilizers Limited (TFL) and strategic joint ventures to reduce import dependence.
• Government states RCF's renewable energy and agrochemical initiatives are not expected to adversely affect fertilizer production or supply.
• Fertilizer availability in Tamil Nadu during Kharif 2026 (01.04.2026 to 26.07.2026) was adequate, with availability exceeding requirements for Urea, DAP, MOP, and NPKS.
• Specific Tamil Nadu figures: Urea availability 4.66 LMT vs requirement 2.72 LMT; DAP availability 1.10 LMT vs requirement 0.80 LMT.

Also in the document

• The answer confirms the FPO proposal is still under government consideration and has not yet been fully approved by the state.
• The answer provides specific data showing that fertilizer availability in Tamil Nadu exceeded requirements for all listed products during the specified period.