Coal India Ltd (CIL) will invest Rs 1,067 crore in Talcher Fertilizers Ltd by subscribing to shares via a rights issue. Talcher Fertilizers, a joint venture with GAIL (India), RCF, and FCIL, is reviving an old FCIL facility with a coal gasification-based urea plant in Odisha.

CIL will acquire over 106 crore equity shares as part of the transaction expected to conclude by July 9. The Talcher project, India’s first of its kind, aims to produce 12.7 lakh tonnes of urea annually.

Despite delays from the COVID-19 pandemic affecting contractor Wuhuan Engineering, the project has reached 65.66% completion as of February 2025. Key components like pipe racks and water treatment plants are nearing mechanical readiness.

Partners continue reviewing progress to ensure the plant becomes operational, promising both economic and strategic value in reducing fertiliser imports.