Coal India Executes Sponsor Support Undertaking for Talcher Fertilizer's Rs 12,250 Crore Loan Facility

1 min read     Updated on 18 Oct 2025, 11:51 AM
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Overview

Coal India Limited (CIL) has executed a Sponsor Support Undertaking for Talcher Fertilizer Limited (TFL), a joint venture aimed at reviving the Fertilizer Corporation of India Limited's unit in Talcher, Odisha. The undertaking is a pre-requisite for TFL to receive a Rupee Term Loan Facility of approximately Rs 12,250.00 crores. CIL, acting as a sponsor but not a guarantor, stated there are no financial implications for the company. The project involves setting up a coal gasification-based fertilizer plant, marking a significant step towards enhancing India's fertilizer production capabilities.

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Coal India Limited (CIL), a Maharatna company, has taken a significant step in supporting the revival of India's fertilizer sector. The company has executed a Sponsor Support Undertaking (SSU) for Talcher Fertilizer Limited (TFL), a joint venture aimed at reviving the Fertilizer Corporation of India Limited's (FCIL) unit in Talcher, Odisha.

Key Details of the Undertaking

Aspect Details
Joint Venture Partners GAIL (India) Ltd., Coal India Ltd., Rashtriya Chemicals & Fertilizers Ltd., and Fertilizer Corporation of India Limited
Purpose of SSU Pre-requisite for TFL to receive a Rupee Term Loan Facility
Loan Amount Approximately Rs 12,250.00 crores
CIL's Role Sponsor, not a guarantor
Financial Implications for CIL None stated

Project Overview

TFL was incorporated on November 13, 2015, with the primary objective of reviving FCIL's fertilizer unit. The project involves setting up a coal gasification-based fertilizer plant in Talcher, Odisha, marking a significant step towards enhancing India's fertilizer production capabilities.

Coal India's Stance

Coal India has clarified that while it has executed the SSU, it is not acting as a guarantor for the loan facility. The company emphasized that there are no financial implications for CIL arising from this undertaking. This move aligns with the government's broader strategy to revive defunct fertilizer units and boost domestic production.

Implications for the Fertilizer Sector

The execution of this SSU is a crucial development for India's fertilizer industry. By facilitating the revival of the Talcher unit, this project is expected to contribute significantly to the country's fertilizer production capacity, potentially reducing import dependence and enhancing agricultural productivity.

Conclusion

The execution of the Sponsor Support Undertaking by Coal India Limited for Talcher Fertilizer Limited represents a strategic move in the revival of India's fertilizer sector. While Coal India's role is limited to that of a sponsor without financial guarantees, this development underscores the collaborative efforts between major public sector entities to strengthen India's industrial and agricultural base.

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Coal India Appoints Dr. Anjani Kumar as Executive Director (Contracts)

1 min read     Updated on 17 Oct 2025, 05:21 PM
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Reviewed by
Riya DeyScanX News Team
Overview

Coal India Limited (CIL) has appointed Dr. Anjani Kumar as Executive Director (Contracts), effective October 17, 2025. Dr. Kumar, with over three decades of experience at CIL, holds a B.Tech and Ph.D from IIT(ISM) Dhanbad and an MBA from SMU. His career at CIL includes roles in various departments such as Vigilance, CMC, and as Technical Secretary to CMD. This appointment places Dr. Kumar in the Senior Management Personnel, one tier below the Board.

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*this image is generated using AI for illustrative purposes only.

Coal India Limited (CIL), a Maharatna company, has announced a change in its senior management. Dr. Anjani Kumar has been appointed as the Executive Director (Contracts) of the company, effective October 17, 2025. This appointment marks Dr. Kumar's entry into the Senior Management Personnel at the executive director level, one tier below the Board.

Professional Background

Dr. Anjani Kumar brings experience and academic credentials to his new role:

Qualification Institution
B.Tech IIT(ISM) Dhanbad
Ph.D IIT(ISM) Dhanbad
MBA (HR) SMU

Career Trajectory at Coal India

Dr. Kumar's journey with Coal India spans over three decades:

Period Role/Department
April 1993 - September 2024 Various capacities in field and corporate roles
Including Vigilance, CMC, and Technical Secretary to CMD
September 2024 - October 16, 2025 P&P Department, MCL
October 17, 2025 - Present Executive Director (Contracts), CIL Headquarters

Throughout his tenure, Dr. Kumar has worked across different departments and roles within the organization. His experience in both field and corporate positions equips him with an understanding of Coal India's operations.

Significance of the Appointment

This appointment places Dr. Kumar in a role within Coal India's senior management. As Executive Director (Contracts), he is expected to play a part in managing and overseeing the company's contractual affairs, which are important for the operations of India's largest coal producer.

Coal India Limited continues to be a key player in India's energy sector. This appointment aligns with the company's commitment to strengthening its leadership team with experienced professionals.

The company made this disclosure in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, underscoring its adherence to regulatory transparency.

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1 Day5 Days1 Month6 Months1 Year5 Years
+0.31%+1.12%-2.74%-2.52%-20.64%+238.97%
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