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RCF Approves Rs 1500 Crore Follow On Public Offer Plans Land Monetisation
State-owned Rashtriya Chemicals and Fertilizers Ltd has approved a proposal to raise up to Rs 1,500 crore through a Follow-on Public Offer (FPO), subject to necessary regulatory and shareholder approvals. The company has also proposed monetising its land bank and operational assets through various commercial structures to unlock value.
By Finblage Editorial Desk
12:10 pm
8 July 2026
State-owned fertiliser manufacturer Rashtriya Chemicals and Fertilizers Ltd (RCF) has approved a proposal to raise up to Rs 1,500 crore through a Follow-on Public Offer (FPO) by issuing fresh equity shares. The decision was approved by the company's Board of Directors and is subject to approvals from shareholders, the Department of Fertilisers, and the Department of Investment and Public Asset Management (DIPAM).
The proposed fundraising is aimed at strengthening the company's financial position and supporting its future business and operational requirements. The final size and terms of the issue will be determined after obtaining the required regulatory clearances.
In a separate development, RCF has also proposed expanding its ability to commercially utilise its land bank and operational assets. The company plans to amend its object clause to enable leasing, licensing, monetisation, securitisation, or other commercial exploitation of its movable and immovable assets.
The proposal also allows the company to explore structures such as Real Estate Investment Trusts (REITs), Infrastructure Investment Trusts (InvITs), special purpose vehicles (SPVs), trusts, and similar arrangements, in compliance with applicable regulations. The move is expected to help unlock value from underutilised assets and improve capital efficiency.
Rashtriya Chemicals and Fertilizers is one of India's leading public sector fertiliser manufacturers, operating production facilities at Trombay in Mumbai and Thal in Maharashtra's Raigad district. The company manufactures urea, complex fertilisers, bio-fertilisers, micronutrients, water-soluble fertilisers, soil conditioners, and a range of industrial chemicals.
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