Rashtriya Chemicals & Fertilizers

What Rashtriya Chemicals & Fertilizers does

Rashtriya Chemicals and Fertilizers Limited (RCF) is a Government of India public sector undertaking, with the GoI holding 75% of the equity and the residual stake publicly traded on BSE and NSE under ticker RCF. Founded in 1978 and headquartered in Mumbai, RCF operates two integrated manufacturing complexes — Trombay in Mumbai and Thal in Alibag (Raigad), Maharashtra — that produce fertilizers, bio-fertilizers, micronutrients, and a basket of industrial chemicals.

The company's product portfolio spans urea, complex NPK fertilizers marketed as Suphala and Bharat NPK (15:15:15, 20:20:0, 10:26:26), 100% water-soluble Sujala fertilizers for drip and foliar use, the phosphate-solubilizing bio-fertilizer Biola, the state-customized liquid micronutrient Microla, and Single Super Phosphate and Sulphate of Potash grades. Its Industrial Products Division sells ammonia, methanol, methylamines, sulphuric acid, and phosphoric acid. RCF is also the nodal agency through which the Government of India runs mega fertilizer import tenders (50 million tonnes of NPK and 35 million tonnes of ammonium sulphate), and it acts as the executing arm of the Nutrient Based Subsidy (NBS) scheme that fixes retail urea at Rs 266.50 per 45 kg bag.

RCF makes money primarily by selling subsidized fertilizers to Indian farmers through the Dealer Parivar authorized dealer network, Kisan Suvidha Kendras, and direct-to-farmer channels such as the Kisan Manch engagement program and Shetipatrika regional-language magazine. A secondary stream comes from industrial chemical sales via the Industrial Products Division. RCF also participates in government-to-government fertilizer exports — notably 80,000 tonnes to Nepal in mid-2026 — and is part of a Rs 20,000 crore JV with Russia's Uralchem, Indian Potash, and National Fertilizers to build a 2 million tonne per annum urea plant at Togliatti, Russia, whose entire output will be imported to India. FY26 consolidated revenue from operations reached Rs 18,480.17 crore (+9.13% YoY) with net profit of Rs 427.45 crore (+76.30% YoY).

Name

Rashtriya Chemicals & Fertilizers

Legal name

Rashtriya Chemicals and Fertilizers Limited

Website

https://rcfltd.com

Company type

Public

Founded year

1978

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Rashtriya Chemicals & Fertilizers is a 75% Government of India-owned PSU that manufactures urea, NPK complexes, bio-fertilizers, micronutrients, and industrial chemicals at Trombay and Thal in Maharashtra, selling primarily to Indian farmers via a national dealer network while acting as a nodal agency for government fertilizer imports.

Ownership category

akta.pro rank

Product category

Agricultural Fertilizers and Industrial Chemicals

NAICS

Pesticide, Fertilizer, and Other Agricultural Chemical Manufacturing (3253), Fertilizer and Compost Manufacturing (32531), Chemical Manufacturing (325)

SIC

Agricultural Chemicals (2870), Chemicals & Allied Products (2800)

akta.pro primary industry

Nitrogen Fertilizers (Ammonia/Urea/UAN) (IMAEAEAA)

akta.pro secondary industries

NPK & Compound/Blended Fertilizers (IMAEAEAD), Fertilizer & Micronutrient Formulations (NPK blends, chelates, suspensions) (AFABAIAB), Contract Warehousing, Blending & Distribution for Agrochemicals (bulk handling, IBC/drum management) (AFABAIAL)

Keywords

• Urea fertilizer production
• NPK complex fertilizers
• Water soluble fertilizers
• Bio-fertilizer manufacturing
• Industrial chemical production

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Fertilizer Sales (Government Subsidized): RCF sells fertilizers at government-subsidized prices to Indian farmers. The Indian government provides substantial subsidy under the Nutrient Based Subsidy (NBS) scheme to keep fertilizer prices affordable. The fertilizer subsidy bill for 2026-27 was projected at Rs 3,40,000 crore. RCF acts as a nodal agency for government fertilizer import tenders.
2. Industrial/Chemical Products: Sale of industrial chemicals including ammonia, methanol, nitric acid, sulphuric acid, and other chemical products. Also includes IPD (Industrial Products Division) sales to actual users and dealers.
3. Government-to-Government Export: Export of fertilizers to neighboring countries like Nepal under government-to-government arrangements. Nepal procures 80,000 tonnes (60,000 urea and 20,000 DAP) from India's state-owned RCF.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Rashtriya Chemicals & Fertilizers Limited manufactures and sells chemical fertilizers (urea, NPK complexes such as Suphala and Bharat NPK, 100% water-soluble Sujala fertilizers, bio-fertilizer Biola, liquid micronutrient Microla, single super phosphate, muriate of potash, sulphate of potash, and DAP) for Indian agricultural use, and produces industrial chemicals (ammonia, methanol, methyl amines, sulphuric acid, phosphoric acid) through its Industrial Products Division. The company operates manufacturing plants at Trombay (Mumbai) and Thal (Alibag), distributes through an authorized dealer network under the Government of India's Nutrient Based Subsidy scheme, and participates in government-to-government fertilizer exports.

Product overview

Rashtriya Chemicals & Fertilizers (RCF) is an Indian Government-owned chemicals and fertilizers manufacturer operating fertilizer and chemical plants in Mumbai and Raigad, Maharashtra. The company offers a diverse portfolio of fertilizer products including urea, complex NPK fertilizers (Suphala/Bharat NPK 15:15:15, Suphala 20:20:0, RCF NPK 10:26:26), 100% water soluble fertilizers (Sujala), bio-fertilizers (Biola, NPK Biola), liquid micronutrients (Microla), as well as industrial chemicals (methanol, ammonia, methylamines, sulphuric acid, phosphoric acid) through its Industrial Products Division (IPD). RCF operates manufacturing facilities at Trombay and Thal units, with a 75% stake held by the Government of India.

Differentiator

Problem solved

Functional benefit

Brands

• Suphala: Complex fertilizers produced at RCF's Trombay unit, including Suphala 15:15:15 and other NPK complexes.
• Bharat NPK 15:15:15
• Biola
• Sujala
• Microla

Products and services

• Urea Straight nitrogen fertilizer manufactured by RCF for agricultural use, including variants such as Urea Gold; sold under government-subsidized pricing (Rs 266.50 per 45 kg bag) and exported under government-to-government arrangements (e.g., 60,000 tonnes to Nepal).
• Suphala 15:15:15 / Bharat NPK 15:15:15 Complex granular NPK fertilizer with equal proportions of 15% Nitrogen, 15% Phosphorus, and 15% Potash, suitable for cash crops like sugarcane, cotton, jute, tea, and coffee, and containing secondary plant nutrients like Calcium, Magnesium, and Sulphur.
• Suphala 20:20:0 NPK complex fertilizer with 20% nitrogen and 20% phosphorus produced by RCF.
• RCF NPK (10:26:26) Balanced NPK fertilizer with 10% nitrogen, 26% phosphorus, and 26% potassium produced by RCF.
• Sujala (Drip and Foliar) 100% water-soluble fertilizer containing all three major plant nutrients (NPK) for greenhouse and field crops, available in drip irrigation and foliar spray grades.
• Biola Bio-fertilizer Phosphate-solubilizing bio-fertilizer that releases organic acids to dissolve fixed phosphorus in soil, improves soil texture and structure, enhances crop growth and pest resistance, sold under the Biola brand.
• NPK Biola Bio-fertilizer combining NPK nutrients with biological phosphorus solubilization benefits.
• Microla Liquid Micronutrient Fertilizer Liquid micronutrient fertilizer containing six essential micronutrients (Zinc, Iron, Copper, Boron, Molybdenum, Manganese) with composition customized to state-specific soil requirements to improve crop quality and yields.
• Imported DAP 18:46:0 Imported Diammonium Phosphate fertilizer with 18% nitrogen and 46% phosphorus, distributed by RCF.
• Imported MOP (Bagged) Imported Muriate of Potash in bagged form for potassium supplementation distributed by RCF.
• Single Super Phosphate (Powder and Granules) Sulphate-based phosphate fertilizer available in powder and granular forms for easier application.
• Sulphate of Potash (K2O-50%, S-17.5%) Potassium sulphate fertilizer with 50% K2O and 17.5% sulphur content for high-value crops.
• Methanol Industrial grade methanol chemical produced by RCF for sale through the Industrial Products Division.
• Ammonia (Anhydrous) Anhydrous ammonia (HSN code 28141000) for industrial applications, manufactured by RCF and sold via IPD.
• Methyl Amines (MMA) Mono, Di, and Trimethylamines produced by RCF for industrial use.
• Sulphuric Acid Industrial sulphuric acid produced by RCF and sold to industrial customers.
• Phosphoric Acid Phosphoric acid produced by RCF for industrial applications, with backward integration into a planned 300 tonnes per day plant at the Thal unit.
• Industrial Products Division (IPD) Division of RCF dedicated to the sales and distribution of industrial chemical products, including amines, acids, and other specialty chemicals, sold directly to actual industrial users under IPD appointment mechanisms.
• Phosphogypsum and Gypsum Wall Putty By-product gypsum from phosphoric acid production, sold both as phosphogypsum and processed into gypsum wall putty for construction use.

Quantifiable outcome

• Revenue growth of 9.13% YoY to Rs 18,480 crore in FY26
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered major, minor and core.

• Government of NepalmajorStrategic or Co-development Partner · 12 May 2026India's Ministry of External Affairs confirmed Nepal's request for fertilizer supply is being processed under existing cooperation framework. In-principle approval granted for emergency procurement of 80,000 tonnes of chemical fertilizer (60,000 tonnes urea and 20,000 tonnes DAP). Consignment from RCF expected by mid-August, ahead of Nepal's paddy transplantation season.
• Agro Phos (India) LtdminorStrategic or Co-development Partner · 17 March 2026Agro Phos (India) Ltd entered into an MoU with Rashtriya Chemicals and Fertilizers Ltd for potential collaboration in fertilizer business.
• Uralchem (Russia)coreStrategic or Co-development Partner · 5 December 2025India's three state-owned fertilizer companies (Indian Potash, RCF, National Fertilizers) have partnered with Russia's Uralchem to build a 2 million tonne annual urea manufacturing plant at Togliatti in Samara, Russia. Total investment of around Rs 20,000 crore with 50:50 JV structure. Uralchem investing Rs 10,000 crore in ammonia plant; Indian SOEs contributing Rs 10,000 crore for urea unit. All production to be imported to India. Project follows December 2025 MoU signed in presence of both countries' leaders.
• Indian Potash Limited (IPL)coreChannel Partner/ Reseller/ DistributorIPL is a key partner in the India-Russia JV urea project along with RCF and National Fertilizers. IPL serves as the government-authorized fertilizer importing agency for India, handling record urea import tenders of 2.5 million tonnes.
• National Fertilizers Limited (NFL)coreChannel Partner/ Reseller/ DistributorNFL is a key partner in the India-Russia JV urea project along with RCF and IPL. The three Indian state-owned fertilizer companies share the Rs 10,000 crore investment for the urea unit in the JV with Russia's Uralchem.

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• National Fertilizers Limited (NFL): Central PSU producing urea and NPK complexes; JV partner with RCF in the India-Russia Togliatti project. Closest comparable in scale, ownership structure, and product-mix overlap.
• Indian Farmers Fertiliser Cooperative (IFFCO): Largest Indian fertilizer cooperative producing urea, NPK, DAP, and bio-fertilizers with a nationwide farmer-member distribution network. Directly comparable as a pan-India multi-nutrient manufacturer competing for the same subsidy-eligible volumes and dealer shelf space.
• Zuari Agro Chemicals: Indian fertilizer manufacturer (urea, DAP, NPK, SSP) and key shareholder of Paradeep Phosphates. Competes with RCF in complex fertilizers and distribution.
• Paradeep Phosphates: Zuari Group-listed phosphatic fertilizer manufacturer with DAP, NPK, and SSP production at Paradeep. Directly overlaps RCF's NPK complex and imported DAP franchise.
• Gujarat State Fertilizers & Chemicals (GSFC): State-level PSU producing urea, DAP, NPK, and industrial chemicals in Gujarat. Mirrors RCF's structure as a state-promoted multi-product fertilizer and chemical manufacturer with a strong brand portfolio (Sardar, Aanand).
• Coromandel International: Leading Indian private-sector fertilizer (DAP, NPK complexes, SSP) and crop protection company with deep distribution across south India. Closest private-sector NPK competitor to RCF's Suphala/Bharat NPK franchises.
• Indian Potash Limited (IPL): GoI-promoted fertilizer trader and MOP/DAP importer; key JV partner in the Togliatti urea project. Direct overlap on government channel procurement and bulk fertilizer imports.
• Deepak Fertilizers and Petrochemicals: Indian producer of nitrogen-based fertilizers (urea, ammonium nitrate) and industrial chemicals (ammonia, methanol, nitric acid). Direct overlap with RCF's IPD industrial chemicals portfolio and nitrogenous fertilizer mix.
• Chambal Fertilizers and Chemicals: Largest private-sector urea producer in India operating the Gadepan complex; also markets DAP, NPK and SSP. Comparable in scale and in competing for shelf space at the same subsidized price points.

Broad incumbents

• Nutrien: World's largest fertilizer producer combining potash, nitrogen, and phosphate with global retail. Relevant as the upper-bound global benchmark for RCF's NPK and nitrogen exposure and as the source of DAP/MOP imports into India.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/rcfkisanmanch

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Rashtriya Chemicals & Fertilizers