Rashtriya Chemicals and Fertilizers to raise Rs.1,500-Cr via FPO

Mumbai-based Rashtriya Chemicals and Fertilizers (RCF) plans to raise INR 1500 crore through a follow-on public offer (FPO) via a fresh issue of equity shares.RCF operates two units located in Trombay, Mumbai, and Thal, Raigad district. The company produces urea, complex fertilisers, bio-fertilisers, micronutrients, water-soluble fertilisers, soil conditioners, and a range of industrial chemicals.