Talcher Fertilizers Limited
Talcher Fertilizers Limited is a joint venture of GAIL, CIL, RCF, and FCIL constructing India's first coal gasification-based ammonia-urea complex (1.27 MMTPA) in Odisha, with output to be sold to the Government of India under the Nutrient Based Subsidy scheme.
- Company typePrivate
- Founded2018
- HeadquartersTalcher, India
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What Talcher Fertilizers Limited does
Talcher Fertilizers Limited (TFL) is a joint venture company incorporated in 2018 and headquartered in Bhubaneswar, Odisha, with four Indian public sector undertakings as promoters: GAIL (India) Limited, Coal India Limited, and Rashtriya Chemicals & Fertilizers Limited each hold 31.85%, while Fertilizer Corporation of India Limited holds 4.45%. The company was formed to revive FCIL's defunct Talcher fertilizer unit in Angul district, Odisha, and is constructing India's first coal gasification-based ammonia-urea complex, comprising a Coal Gasification Unit, an Ammonia Plant with a design capacity of 2,200 MTPD, and a Urea Plant with a design capacity of 3,850 MTPD, plus CFBC boiler-based steam generation, air separation, CO shift conversion, and gas cleanup. The intended output is 1.27 MMTPA of Neem-coated prilled urea, fed by 2.5 MMTPA of coal from Talcher Mines with up to 25% pet-coke blending from IOCL's Paradip Refinery; recoverable sulphur and glassy slag are by-products.
The business model is structurally B2G and subsidy-driven. The full urea output is sold to the Government of India under the Nutrient Based Subsidy regime at government-controlled rates, and then distributed to farmers through the national fertilizer dealer network; TFL has no farmer-facing sales motion. The project is funded at approximately INR 13,277 crore in a 72:28 debt-to-equity structure, with INR 9,559.59 crore of debt from a consortium of nine banks (financial closure achieved June 2021) and INR 2,416 crore of upfront promoter equity. Revenue does not yet exist: the plant was 71.24% complete as of February 2026, with commissioning slipped from September 2023 to December 2027 — over four years behind the original schedule — primarily due to underperformance by the Chinese LSTK contractor Wuhuan Engineering Co. Ltd., and a debt restructuring exercise is currently underway with SBI Capital Markets and CARE Ratings engaged through 2025–2026.
Talcher Fertilizers Limited firmographics
Firmographics- Name
- Talcher Fertilizers Limited
- Legal name
- Talcher Fertilizers Limited
- Website
- https://tflonline.co.in
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Talcher Fertilizers Limited is a joint venture of GAIL, CIL, RCF, and FCIL constructing India's first coal gasification-based ammonia-urea complex (1.27 MMTPA) in Odisha, with output to be sold to the Government of India under the Nutrient Based Subsidy scheme.
- Ownership category
- akta.pro rank
Talcher Fertilizers Limited industry classification
Industry- Product category
- Fertilizer Manufacturing
- NAICS
- Nitrogenous Fertilizer Manufacturing (325311), Petroleum and Coal Products Manufacturing (324)
- SIC
- Miscellaneous Products Of Petroleum & Coal (2990)
- akta.pro primary industry
- Nitrogen Fertilizers (Ammonia, Urea, UAN, Ammonium Nitrate/Sulfate) (AFABABAA)
Keywords
Where Talcher Fertilizers Limited is headquartered
LocationHeadquarters
- HQ city
- Talcher
- HQ country
- India
- HQ region
- Asia
Offices3 records
Markets served
Talcher Fertilizers Limited business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Infrastructure, Operations, Personnel, Technology or R&D
Revenue model
- Urea Sales under Government Subsidy: Talcher Fertilizers produces urea that is sold under India's Nutrient Based Subsidy (NBS) regime. The government provides subsidy to manufacturers to make fertilizers affordable for farmers. The company receives NBS rates (e.g., Rs. 41,533.81 crore for Kharif-2026) to bridge the gap between controlled urea price and cost of production.
- By-product Sales (Sulphur, Slag): The coal gasification process produces by-products including sulphur (marketed) and inert glassy slag from coal ash conversion. Carbon dioxide removed from syngas is recycled for urea production rather than sold separately.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Government-subsidized urea for agricultural use |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Talcher Fertilizers Limited product offering
Product offeringCore offering
Talcher Fertilizers Limited is building and will operate India's first coal gasification-based ammonia-urea complex at Angul, Odisha. The facility converts domestic coal (with up to 25% pet-coke blending) into synthesis gas, then processes it through air separation, CO shift conversion, gas cleanup, ammonia synthesis, and urea production to produce 1.27 MMTPA of Neem-coated prilled urea.
Product overview
Talcher Fertilizers Limited operates a single integrated coal gasification-based ammonia-urea manufacturing complex. The facility converts coal (with up to 25% pet-coke blending) into synthesis gas, which is then processed through air separation, CO shift conversion, gas cleanup, and ammonia synthesis to produce urea. The main output is 1.27 MMTPA of Neem-coated prilled urea. The plant consists of three primary production units: Coal Gasification Unit, Ammonia Plant (2200 TPD), and Urea Plant (3850 TPD). The project is located at the existing FCIL plant site in Angul district, Odisha, and represents India's first coal gasification-based ammonia-urea facility.
Differentiator
Problem solved
Functional benefit
Products and services
- Coal Gasification based Ammonia Urea Complex
- Neem Coated Prilled Urea
Quantifiable outcome
- Will add 1.27 MMTPA of domestic urea capacity, contributing to India's target of reducing import dependence
- +2 more outcomes
Companies that use Talcher Fertilizers Limited
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles1 record
Talcher Fertilizers Limited technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Talcher Fertilizers Limited partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered flagship, core and minor.
- GAIL (India) LimitedflagshipGAIL holds 31.85% stake in Talcher Fertilizers Limited as a Joint Venture Company (JVC) promoter. GAIL serves as the operator and technical lead, providing natural gas sale agreement (signed December 2023) and pipeline infrastructure. Deepak Gupta, Chairman and CMD of GAIL, also serves as Chairman of Talcher Fertilizers Ltd. The project is located at GAIL's existing infrastructure area.
- Coal India Limited (CIL)flagshipCIL holds 31.85% stake in Talcher Fertilizers Limited as JVC promoter. CIL provides long-term coal linkage (allocated April 2023) from Talcher Mines for coal gasification feedstock (2.5 MMTPA). Dr. Peeyush Kumar, GM (Business Development) at CIL, serves as Non-Executive Director on TFL board. Chiranjib Patra, ED (Corporate Affairs & Business Development) at CIL, also serves on the board.
- Rashtriya Chemicals & Fertilizers Limited (RCF)flagshipRCF holds 31.85% stake in Talcher Fertilizers Limited as JVC promoter. RCF provides operational expertise in fertilizer production. Smt. Jyoti V. Patil, Executive Director (Projects, Corporate & Coordination) at RCF, serves as Nominee Director on TFL board. S.C. Mudgerikar, CMD of RCF, is associated with the project. RCF also provides the project CEO.
- Fertilizer Corporation of India Limited (FCIL)coreFCIL holds 4.45% stake in Talcher Fertilizers Limited. The project revives FCIL's Talcher fertilizer unit at Angul district, Odisha. FCIL provides the existing plant site and land (Concession Agreement executed January 29, 2021). Naresh Arya, Director (Finance) of FCIL, serves as Nominee Director on TFL board.
- Wuhuan Engineering Co. Ltd, ChinacoreChinese contractor engaged as LSTK (Lump Sum Turn Key) contractor for Coal Gasification and Ammonia/Urea packages (LOA issued September 2019). Contract value: Coal Gasification Plant - USD 292,647,881 + INR 34,124,065,251; Ammonia-Urea Plant - USD 148,100,063 + INR 14,103,138,338. Project has faced delays due to issues with Wuhuan including delays in placing supply orders, inadequate manpower and machinery deployment, and repeated cost escalation demands.
- M/s PDIL (Projects and Development India Limited)corePDIL serves as consultant for the Talcher Fertilizers project, providing technical expertise and project management support. PDIL has assisted in contractor engagement and project coordination activities.
- Indian Oil Corporation Limited (IOCL)coreTFL has executed MoU with IOCL (signed October 2021) for supply of up to 0.32 MMTPA of pet-coke from IOCL's Paradip Refinery. Pet-coke blending (up to 25%) is used to handle high ash content in coal for the gasification process.
- PTC India LimitedminorPTC India was engaged on nomination basis (April 2021) for consultancy services for grid connectivity to supply 90 MW power through LILO arrangement from existing 220kVTTPS Rengali line and construction of 220 KV LILO GIS for TFL. Contract value: INR 5.81 Crores.
- OPTCL (Odisha Power Transmission Corporation Limited)minorPower supply agreement signed with OPTCL (November 2020) for 90 MW power requirement for the project.
- CISF (Central Industrial Security Force)minorCISF has been inducted at TFL site for safety and security of the mega coal gasification based urea project.
Scale indicators10 records
Recent moves7 records
Expansion highlights5 records
Talcher Fertilizers Limited competitors and assessment
Company assessmentBroad incumbents
- GAIL (India) Limited: Lead promoter (31.85%), technical operator and natural gas supplier to TFL; comparable as India's largest state-owned gas utility with petrochemical and fertilizer-adjacent exposure, providing the strategic and feedstock context for TFL.
- Coal India Limited: Promoter (31.85%) supplying dedicated 2.5 MMTPA coal linkage from Talcher Mines; comparable as India's largest coal producer and a key strategic backer for any coal-gasification fertilizer platform in India.
- Krishak Bharati Cooperative Limited (KRIBHCO): Indian cooperative urea and complex fertilizer producer with gas-based ammonia-urea operations; comparable on NBS-channel revenue and Indian agricultural end-market exposure.
- Chambal Fertilizers and Chemicals Limited: Largest private-sector urea producer in India with ~3.4 MMTPA capacity and an NPK plant; comparable as a major Indian urea incumbent under the same NBS framework, though privately owned.
- Indian Farmers Fertiliser Cooperative Limited (IFFCO): Largest Indian fertilizer cooperative operating multiple urea plants; directly comparable as a high-volume domestic urea producer selling under the NBS scheme with agricultural India end-market.
Direct peers
- Rashtriya Chemicals & Fertilizers Limited (RCF): One of TFL's three promoter shareholders (31.85%) and India's largest PSU urea and NPK producer; operates multiple ammonia-urea plants and provides TFL's operational expertise, making it a direct peer and parent benchmark.
- Hindustan Urvarak & Rasayan Limited (HURL): Indian JV of NTPC, IOCL, FCIL and HFCL operating revamped natural-gas based urea plants at Gorakhpur, Sindri and Barauni; same PSU-backed B2G urea model under NBS as TFL, making it the closest Indian peer in mandate and structure.
- National Fertilizers Limited (NFL): Major Indian PSU urea producer with multiple gas-based ammonia-urea plants; comparable B2G NBS-driven revenue model and end-market exposure to Indian agricultural urea demand.
- Ramagundam Fertilizers and Chemicals Limited (RFCL): JV of NFL, EIL, FCIL and HFCL operating a 2,200 MTPD gas-based ammonia-urea plant at Ramagundam; directly comparable as a PSU-promoted urea greenfield with similar B2G offtake under the NBS scheme.
Emerging players
- Bharat Coal Gasification and Chemicals Limited: JV of Coal India and BHEL (with GAIL) developing coal-to-chemical projects including ammonia; closely comparable as a PSU-led coal-gasification platform and potential complement to TFL.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights6 records
Customer concentration
Talcher Fertilizers Limited social profiles
Digital presenceTalcher Fertilizers Limited compliance and trust
Trust signalCompliance1 record
Talcher Fertilizers Limited financial estimates
Financial estimateRevenue estimate
Valuation estimate
Talcher Fertilizers Limited leadership team
Management profileNumber of profiles
Profiles15 records
Talcher Fertilizers Limited funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Talcher Fertilizers Limited M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Talcher Fertilizers Limited
What does Talcher Fertilizers Limited do?
Talcher Fertilizers Limited is building and will operate India's first coal gasification-based ammonia-urea complex at Angul, Odisha. The facility converts domestic coal (with up to 25% pet-coke blending) into synthesis gas, then processes it through air separation, CO shift conversion, gas cleanup, ammonia synthesis, and urea production to produce 1.27 MMTPA of Neem-coated prilled urea.
Is Talcher Fertilizers Limited a public or private company?
Talcher Fertilizers Limited is a private company. It is classified as state government owned and is currently operating.
When was Talcher Fertilizers Limited founded?
Talcher Fertilizers Limited was founded in 2018. It employs 1 to 10 people.
Where is Talcher Fertilizers Limited based?
Talcher Fertilizers Limited is headquartered in Talcher, India, in the Asia region.
How does Talcher Fertilizers Limited make money?
Two revenue lines are on record. Urea Sales under Government Subsidy is the primary driver. The others are by-product Sales (Sulphur, Slag).
Who are Talcher Fertilizers Limited's main competitors?
Broad incumbents on record are GAIL (India) Limited, Coal India Limited, Krishak Bharati Cooperative Limited (KRIBHCO), Chambal Fertilizers and Chemicals Limited and Indian Farmers Fertiliser Cooperative Limited (IFFCO). Direct peers are Rashtriya Chemicals & Fertilizers Limited (RCF), Hindustan Urvarak & Rasayan Limited (HURL), National Fertilizers Limited (NFL) and Ramagundam Fertilizers and Chemicals Limited (RFCL). Bharat Coal Gasification and Chemicals Limited is listed as an emerging player.
Does Talcher Fertilizers Limited have an API?
No public API is recorded for Talcher Fertilizers Limited.
What industry is Talcher Fertilizers Limited in?
Talcher Fertilizers Limited's product category is Fertilizer Manufacturing. Its primary akta.pro industry code is AFABABAA, Nitrogen Fertilizers (Ammonia, Urea, UAN, Ammonium Nitrate/Sulfate). Its NAICS code is 325311 and its SIC code is 2990.