Rashtriya Chemicals and Fertilizers Attains Coveted ‘Navratna Status’ from DPE

Rashtriya Chemicals and Fertilizers Attains Coveted 'Navratna Status' from DPE
Rashtriya Chemicals and Fertilizers Attains Coveted 'Navratna Status' from DPE

In a significant development, Rashtriya Chemicals and Fertilizers (RCF) has been granted the prestigious ‘Navratna Status’ by the Department of Public Enterprise (DPE). This status bestows upon RCF a higher degree of financial independence, allowing the company to invest up to Rs 1000 crore without requiring approval from the central government. Prior to this recognition, RCF had already achieved ‘Miniratna Status’ from the Department of Public Enterprise.

‘Navratna Companies’ represent a select group of nine distinguished public sector enterprises in India, celebrated for their exceptional performance and substantial contributions to the nation’s economy. This recognition grants them the authority to make substantial investments in projects without the need for government approval.

These ‘Navratna Companies,’ categorized as Central Public Sector Enterprises (CPSEs), are subjected to specific operational and financial criteria based on factors like net profit, total production cost, earnings per share, and cross-sector performance.

Rashtriya Chemicals & Fertilizers Ltd. (RCF), an Indian government-owned enterprise headquartered in Mumbai, is primarily engaged in the production of chemicals and fertilizers. It operates under the ownership of the Government of India and falls under the administrative purview of the Ministry of Chemicals and Fertilizers.

RCF proudly holds the distinction of being the fourth-largest producer of government-owned fertilizers in India. The company’s establishment in 1978 followed the restructuring of the Fertilizer Corporation of India. RCF’s product portfolio includes Urea and Complex fertilizers (NPK) as well as a diverse range of Industrial Chemicals. It ranks as the fourth-largest Urea manufacturer in India, following IFFCO, NFL, and KRIBHCO.

The Chairman & Managing Director of Rashtriya Chemicals and Fertilizers (RCF) is S. C. Mudgerikar.