“The total investment required for the revival of these two plants is Rs 6,500 crore (Rs 3,250 crore for each).”

The company is also looking at investing Rs 2,700 crore for the expansion of its urea plant in Thal, Maharashtra.

“Once operational, the three plants together will have a capacity of three million tonnes of urea, which would help in meeting the demand-supply gap in the country,” Mr Sundararaman said.

Apart from this, RCF is setting up a diammonium phosphate (DAP) plant at Kapasan near Udaipur at an investment of Rs 500 crore.

A joint venture company called Rajasthan Rashtriya Chemicals and Fertilisers Ltd (RRCS) has been incorporated for this purpose and land has already been earmarked from the project.

“The debt equity ratio would be 2:1. Further, we are looking at raising Rs 600 crore from internal accruals and the rest in the form a grant and loan from the Government,” Mr Sundararaman said.

RCF is also looking at launching load-bearing panels made from gypsum.

“With the help of Australian technology we are looking at producing load-bearing panels from gypsum, which is a waste product for the company.”

On Tuesday, RCF presented a cheque for Rs 51.03 crore to the Minister for Chemicals & Fertilisers and Steel, Mr Ram Vilas Paswan, as part of the 10 per cent dividend that the company declared for 2006-07.

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