In an interview with CNBC-TV18, RG Rajan, CMD of RCF said that the direct benefit transfer for fertilisers announced in the Budget is a 'welcome step'.
With new urea policy getting delayed, state-owned RCF plans to seek clearance from Public Investment Board (PIB) for proposed expansion of its plant in Maharashtra at an investment of Rs 4,112.50 crore.
Rashtriya Chemicals and Fertilisers plans to invest Rs 4,000 crore to expand its existing urea plant at Thal in Maharashtra.