RCF and GAIL Ink MoU for Gas-Based Fertilizer Project in Maharashtra
Rashtriya Chemicals and Fertilizers Limited (RCF) and GAIL (India) Limited (GAIL) have signed a Memorandum of Understanding (MoU) focused on establishing a gas-based fertilizer project. The agreement, finalized on July 29, 2026, mandates the two companies to work jointly through a Special Purpose Vehicle (SPV).The collaboration is aimed at setting up a major urea production facility within the Vidarbha region of Maharashtra. This proposed facility will leverage GAIL's existing Mumbai-Nagpur-Jharsuguda Natural Gas Pipeline (MNJPL) infrastructure.
The project scope includes a planned capacity of 1.27 Million Metric Tonnes Per Annum (MMTPA), marking a significant step toward enhanced fertilizer production in the region.
RCF Stock Price Movement
As of 3:21 PM, shares of Rashtriya Chemicals and Fertilizers Limited are edging higher to ₹127.98 in live trading, gaining 1.33% on the day. The stock remains active, currently trading within its intraday range of ₹126.57 to ₹129.90.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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