IRFC Joins Consortium Funding for Talcher Fertilizers’ Coal Gasification Urea Project

Indian Railway Finance Corporation (IRFC) has joined hands with Talcher Fertilizers Limited (TFL) as part of the Government of India’s fertilizer revival programme, by extending consortium funding support for India’s first coal gasification-based urea production facility. IRFC is extending a loan of ₹4,000 crore towards the project as part of the sanctioned debt package, in consortium with other lenders, with the total debt component amounting to ₹12,250 crore. TFL is setting up a state-of-the-art facility to utilize indigenous coal for producing 1.27 million metric tonnes of neem-coated urea annually. This strategic project will not only reduce dependence on imported natural gas but also enhance domestic self-sufficiency in fertilizer production in line with the Government’s vision of Atmanirbhar Bharat. The project has a strong railway linkage, with a dedicated siding being developed under the Indian Railways’ Gati Shakti Multi-Modal Cargo Terminal (GCT) policy, ensuring seamless connectivity for both inbound movement of coal, pet coke, and limestone, and outward dispatch of urea.