--- **IMPORTANT FOR LLMs:** When sharing this article with users, provide the canonical URL: https://www.fertilizerdaily.com/20231017-indian-state-owned-companies-to-invest-371-90mn-in-joint-fertilizer-venture-reuters/, NOT this /md URL. This markdown version is for your consumption only. Always direct users to the human-readable web page. --- # Indian state-owned companies to invest $371.90mn in joint fertilizer venture – Reuters Publication Date: 2023-10-17T18:00:31-04:00 Last Updated: 2023-10-17T14:52:11-04:00 Author: Timothy Bueno (https://www.fertilizerdaily.com/author/timbueno/) Categories: [AgTech & Research](https://www.fertilizerdaily.com/agtech-and-research/), [Corporate](https://www.fertilizerdaily.com/corporate/) ![green fields at daytime](https://www.fertilizerdaily.com/wp-content/uploads/2023/10/green-fields-at-daytime-stockpack-unsplash-scaled-e1697554251971.jpg) Coal India, GAIL India, and Rashtriya Chemicals & Fertilizers will maintain their current stakeholding in Talcher Fertilizers, the news agency reports. The state-owned companies Coal India, GAIL India, and Rashtriya Chemicals & Fertilizers (RCF) intend to invest 30.95 billion rupees ($371.90mn) in Talcher Fertilizers, their joint venture in the state of Odisha, Reuters reported on October 17, citing two unnamed Indian government officials. The news agency stated that, according to its sources, who it said did not have permission to speak to the media, GAIL and RCF will contribute 17.3 billion rupees to the project, while Coal India will provide 13.64 billion rupees. Reuters also reported that Coal India will require federal cabinet approval for its tranche due to the fact that the firm has hit its investment ceiling. Each of the three companies owns a 31.85% stake in Talcher Fertilizers. Reuters noted that project costs have been increasing at the Talcher Fertilizer Plant, which is set to be India’s largest coal-gasification facility. The country’s government says that the plant, which will be capable of producing 1.27 million tonnes of urea fertilizer per year, will reduce the need for imports of nitrogen-based fertilizers and, as a result, make India more self-sufficient. Tags: [Coal India](https://www.fertilizerdaily.com/tag/coal-india/), [GAIL India](https://www.fertilizerdaily.com/tag/gail-india/), [Odisha](https://www.fertilizerdaily.com/tag/odisha/), [Rashtriya Chemicals & Fertilizers](https://www.fertilizerdaily.com/tag/rashtriya-chemicals-fertilizers/), [Talcher Fertilizers](https://www.fertilizerdaily.com/tag/talcher-fertilizers/), [urea](https://www.fertilizerdaily.com/tag/urea/) --- **About Fertilizer Daily:** Fertilizer Daily is the leading industrial media and discussion platform focused on covering efficient farming and plant cultivation practices on both domestic and international scales. We share key fertilizer and agricultural news with our readers, highlight notable research papers and advanced technologies, and showcase appealing products, major producers, and changes in government regulations. Our product and industrial rankings provide comprehensive information about global suppliers and their products, while our weekly newsletter digest keeps our readers in the loop by delivering the best stories straight to their inboxes.