Coal India Limited (CIL) is going to invest ₹1,067 crore in Talcher Fertilizers Ltd (TFL) via a rights issue, subscribing for approximately 106.75 crore equity shares at ₹10 each. This is part of CIL’s plan to rejuvenate the Talcher fertilizer plant in Odisha and to establish coal-gasification based fertilizer manufacturing in India.
TFL is a joint venture of GAIL (India) Ltd, CIL, Rashtriya Chemicals and Fertilizers (RCF) and Fertilizer Corporation of India Ltd (FCIL). Under the project a coal based ammonia-urea plant will be set up which will produce 1.27m tones (TPA) per annum and will be the first of its kind in India. The goal of the project is to reduce reliance on imported urea by making use of domestic coal.
As of February 28, 2025, the project was 65.7% progressed and OSBL facilities were 77.6% complete. While the commissioning target was originally set for September 2024, as per TFL's original director's report, this was impacted by the COVID-19 pandemic, supply chain disruptions and other activities with China-based contractors.
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Moving forward, TFL and execution partners will hold technical reviews and coordination meetings to enhance completion certainty and maintain project velocity. The project is expected to advance India’s fertilizer self-reliance and domestic supply of agricultural inputs scale. The rights issue is expected to be completed by July 9, 2025.
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