Rashtriya Chemicals and Fertilizers Gets Navratna Status
The Department of Public Enterprise (DPE) conferred ‘Navratna Status‘ upon Rashtriya Chemicals and Fertilizers (RCF). Navratnas constitute a group of public sector firms endowed with the financial independence to invest up to Rs 1000 crore without necessitating approval from the central government. Prior to this, the company had attained ‘Miniratna Status‘ from the Department of Public Enterprise.
Navratna Companies, a select group of nine esteemed public sector enterprises in India, are renowned for their outstanding performance and significant contributions to the nation’s economy. These companies enjoy substantial financial independence, granting them the authority to make investment decisions for projects up to a specific threshold without requiring government approval.
Navratna Companies, classified as Central Public Sector Enterprises (CPSEs), are subject to specific operational and financial criteria based on factors such as net profit, total production cost, earnings per share, and cross-sector performance.
Rashtriya Chemicals & Fertilizers Ltd. (RCF) is an Indian government-owned enterprise headquartered in Mumbai, 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 holds the distinction of being the fourth-largest producer of government-owned fertilizers in India. The company’s inception in 1978 followed the restructuring of the Fertilizer Corporation of India. RCF’s product portfolio encompasses Urea and Complex fertilizers (NPK) as well as a diverse range of Industrial Chemicals. It ranks as the fourth-largest Urea manufacturer in India, trailing behind IFFCO, NFL, and KRIBHCO.
World Basketball Day 2025 highlights the remarkable journey of basketball from a simple indoor game…
The United Nations marked the second World Meditation Day on the 21st December with a…
The Winter Solstice 2025 occurs on Sunday, December 21 marking the shortest day and longest…
The Haryana State Assembly has unanimously passed a resolution to mark the 350th martyrdom year…
Every country has something special that makes it famous around the world. Some are known…
The United States and Jordan have carried out a major military operation in Syria called…