Coal India Limited has informed the Exchange about General Updates-Disclosure of event or information under Regulation 30 of SEBI LoDR Regulations, 2015 Equity Investment in Talcher Fertilizers Limited
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Coal India Limited (CIL) will subscribe to a Rights Issue of Talcher Fertilizer Limited (TFL), a joint venture with GAIL, Rashtriya Chemicals & Fertilizers (RCF), and Fertilizer Corporation of India (FCIL). TFL is setting up a coal gasification-based urea fertilizer plant at Talcher, Odisha, and CIL currently holds 33.333% in it. CIL will subscribe to 1,06,75,06,771 equity shares at face value of Rs. 10 each, amounting to roughly Rs. 10,675 crore in cash, maintaining its existing shareholding proportion. The transaction is not a related party deal since the rights issue is offered equally to all shareholders. The subscription is to be completed by 9th July 2025.
This is a proportionate capital infusion into an existing joint venture and is unlikely to materially change CIL's ownership or control of TFL. However, it signals continued commitment to the Talcher urea project, which diversifies CIL's footprint into fertilizers beyond its core coal business and ties up future coal offtake from the gasification plant.