Govt to sell shares in RCF, NFL by December end
31st Aug 2021

The government is likely to sell shares in two fertiliser companies -- RCF and NFL -- by December-end to garner over Rs 1,200 crore. The offer for sale (OFS) would be for 10 per cent of government stake in Rashtriya Chemicals & Fertilizers (RCF) and 20 per cent in National Fertilizers (NFL).

RCF, a Government of India Undertaking is a leading fertilizer and chemical manufacturing company with about 80% of its equity held by the Government of India. The company manufactures Urea, Complex Fertilizers, Biofertilizers, Micronutrients, 100 percent water soluble fertilizers, soil conditioners and a wide range of Industrial Chemicals.