GAIL (India) Ltd Acquires 33.333% Stake in Talcher Fertilizer Limited for Urea Production

GAIL (India) Ltd has acquired a 33.333% stake in Talcher Fertilizer Limited (TFL), a Joint Venture Company of GAIL, Coal India Ltd., Rashtriya Chemicals & Fertilizers Ltd., and Fertilizer Corporation of India Limited. The acquisition is for the revival of FCIL’s Fertilizer unit by setting up a Coal Gasification based fertilizer plant at Talcher, Odisha. The cost of acquisition is the face value of equity shares @ Rs. 10/- each. The acquisition does not fall under Related Party Transactions and will be completed by 09.07.2025. TFL is involved in Urea Production through coal gasification and is based in India.