RCF to invest ₹865 crore in Maharashtra phosphoric acid plant

Rashtriya Chemicals and Fertilizers Limited will invest Rs 865 crore to establish a new phosphoric acid plant. This facility will be located at the Thai Unit in Alibag, Maharashtra. The investment aims to boost the company's backward integration capabilities. RCF is a leading fertilizer producer in India. The project will be funded through a mix of debt and equity.