RCFL Board approves Rs 200 Crore Loan to Talcher Fertilizers, Pending SBI Nod
Today at the meeting, the Rashtriya Chemicals and Fertilizers Board of Directors accorded in-principle approval for an Unsecured Inter-corporate Loan up to Rs 200 Crore to Talcher Fertilizers Limited.
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New Delhi: State-owned Rashtriya Chemicals and Fertilizers Ltd has announced that it got approved an unsecured inter-corporate loan of Rs 200 crore to its joint venture firm Talcher Fertilizers Ltd.
According to the exchange filing, it is informed that Board of Directors of the Company at their meeting held on April 3, 2025 has accorded in-principle approval for Unsecured Inter-corporate Loan upto Rs 200 Crore to Talcher Fertilizers Limited, a Joint Venture Company subject to No Objection Certificate from State Bank of India (lead banker to the project) to Talcher Fertilizers Limited.
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The Company holds 31.85 % (as per Joint Venture Agreement) stake in the Talcher Fertilizers Ltd, the filing added.
Talcher Fertilizers Limited is a joint venture Company and therefore the transaction would fall within the related party transaction.
Shares of the Rashtriya Chemicals and Fertilizers Ltd were closed at Rs 130.11, up by 2.06% at NSE.
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