Rashtriya Chemicals and Fertilizers Limited (RCF) has announced that its Board of Directors accorded in-principle approval on February 12, 2026, for setting up a new Phosphoric Acid Plant. The proposed facility, located at the Thal Unit in Alibag, Maharashtra, will have a capacity of 300 Metric Tonnes Per Day (MTPD).

The project involves an estimated investment of approximately ₹865.25 Crore and is expected to be completed within 24 months from the issuance of the Letter of Intent. The company plans to fund this expansion through a combination of debt and equity. This strategic move is aimed at strengthening the company’s backward integration by securing a steady internal supply of Phosphoric Acid for its fertilizer production.

RCF is a prominent player in the Indian fertilizer industry, primarily focused on the production of Urea and Complex Fertilizers (NPK). Throughout 2025, the company has focused on improving operational efficiencies and expanding its industrial chemical portfolio. In recent updates from late 2025, RCF has been actively involved in joint ventures like Talcher Fertilizers Limited to set up a coal gasification-based fertilizer plant, further diversifying its energy and raw material sources.

For the quarter ended December 31, 2025, RCF reported a standalone revenue of ₹4,236.44 Crore and a net profit of ₹81.37 Crore. This follows a steady performance throughout the 2025 fiscal year, where the company maintained significant market share in the Western and Southern regions of India. Major institutional investors in the company as of 2025 include the Government of India, which holds a majority stake, alongside various domestic mutual funds and insurance companies like the Life Insurance Corporation of India (LIC).