Rashtriya Chemicals & Fertilizers Ltd announced several project updates and credit rating actions, including a Rs 1,400 crore NPK project at Thal, a Rs 1,200 crore Ammonia Plant Revamp Project funded with a term loan of approximately Rs 2,200 crore, an Rs 865 crore Phosphoric Acid Plant planned with 70% debt and 30% equity, a Rs 1,070 crore balance equity infusion expected over FY27-FY28 for Talcher Fertilizers Limited (TFL), and a proposed 1.27 MT Gas-based Fertilizer Project as a joint venture with GAIL in Vidarbha; CARE Ratings Limited has assigned a CARE A+ rating with a Stable outlook to Rs 500 crore of Bank Loan facilities, reaffirmed CAREA1+ ratings of 3,000 for Limited Paper maturing October 6, 2026, and reaffirmed a CARE A1+ rating of 3,000.00 for Commercial Paper, while CareEdge Ratings utilizes a consolidated approach factoring in the substantial ownership by the Government of India and strategic importance, and also notes a planned FPO of Rs 1,500 crore to support debt protection metrics, alongside scheduled term debt repayments of Rs 213 crore in FY27 and Rs 506 crore in cash and equivalents as of June 30, 2026.
