Coal India to invest Rs 1,067 crore in Talcher Fertilizers

Coal India to invest Rs 1,067 crore in Talcher Fertilizers

Coal India to invest Rs 1,067 crore in Talcher Fertilizers

Coal India To Invest Rs 1,067 Crore In Talcher Fertilizers

State-owned Coal India Ltd. on Friday said it will invest a little over Rs 1,067 crore in Talcher Fertilizers Ltd by way of acquiring shares through rights issue.Talcher Fertilizers Ltd was incorporated in 2015 as a joint venture company of GAIL (India), Coal India Ltd, Rashtriya Chemicals & Fertilizers Ltd and Fertilizer Corporation of India Ltd (FCIL) for revival of FCIL's Fertilizer unit by setting up a coal gasification based fertilizer plan…