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Applicability of New Investment Policy 2012 extended to RFCL
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Korean Govt-led trade panel meets Sikkim Commerce minister to explore investment avenues. Image Source: IANS News
New Delhi, June 9 : The Cabinet Committee on Economic Affairs (CCEA) has given its approval for the extension of applicability of New Investment Policy (NIP)-2012, read with its amendment dated October 7, 2014, for the Ramagundam Fertilisers and Chemicals Ltd (RFCL).
The RFCL is a joint venture company consisting of National Fertilisers Ltd (NFL), Engineers India Ltd (EIL) and Fertilisers Corporation of India Ltd (FCIL) which was incorporated on Febuary 17, 2015. RFCL is reviving the erstwhile Ramagundam (Telangana) unit of FCIL by setting up a new gas-based green field neem coated urea plant with the installed capacity of 12.7 lakh metric ton per annum (LMTPA). ....

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