RCF Board Clears ₹2.33-Billion Loan To Talcher Fertilizers JV

Rashtriya Chemicals and Fertilizers Ltd. on Friday said its board has approved an unsecured inter-corporate loan of ₹2.33 billion to joint venture Talcher Fertilizers Ltd., in which the company holds a 31.85% stake.

The six-month loan carries an interest rate pegged to the six-month SBI marginal cost of funds-based lending rate plus 0.65%, and can be prepaid with seven days' notice, RCF said in a stock exchange filing.