The Department of Public Enterprise has granted the Navratna Status to Rashtriya Chemicals and Fertilizers (RCF) Limited.

“We would like to inform that Department of Public Enterprise, vide its letter no PD-1-26/0003/2023-DPE dated August 29, 2023 has granted the Navratna Status to Rashtriya Chemicals and Fertilizers Limited,” said Rashtriya Chemicals in a communication to the Stock Exchange.

This is the highest status that can be given to a public sector enterprise (PSE).  This will enable the company to have more autonomy in terms of investment, setting up joint ventures, and making other financial decisions

RCF is a central public sector enterprise (CPSE) under the Ministry of Chemicals and Fertilisers. RCF is a leading manufacturer of fertilizers, chemicals, and specialty products. It has a market capitalization of over Rs 7,000 crore and employs over 10,000 people.