Monday 8 July 2013

Gail India to acquire 10% stake in RCF's fertiliser plant

"Talks are going on with Gail, and we would like them to be the part of the project," RCF Chairman and Managing Director R G Rajan reported.

Reports said that Gail India Ltd is planning to acquire 5 to 10% stake in Rashtriya Chemicals and Fertilizer Ltd's urea and ammonium nitrate plant at Talcher in Odisha.
"Talks are going on with Gail, and we would like them to be the part of the project," RCF Chairman and Managing Director R G Rajan reported.

The oil company is planning to take take a minimum 50% stake in the Rs 3,000-crore upstream coal-gasification project.

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