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Applicability of New Investment Policy 2012 extended to RFCL By IANS | 0 Views
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). ....
Cabinet approves sops to Ramagundam urea plant June 09, 2021 All urea plants set up till 2019 will get several incentives The Cabinet Committee on Economic Affairs on Wednesday decided to provide benefits accruing from the New Investment Policy-2012 to Ramagundam Fertilisers and Chemicals Limited (RFCL) in Telangana, even though the project was commissioned only in 2021, an official statement said. As per the policy all urea plants set up till 2019 would get several incentives including a minimum post-tax return on capital investment. However, the Ministry of Chemicals and Fertilisers proposed to extend the same to RFCL too, which now received green nod from the Cabinet. RFCL is one of the largest fertiliser manufacturing units of South India. ....
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