<h1>Government Extends New Investment Policy 2012 to Boost Urea Production at Ramagundam Fertilizers and Chemicals Ltd.</h1> The Cabinet Committee on Economic Affairs, led by the Prime Minister, approved extending the applicability of the New Investment Policy 2012 for Ramagundam Fertilizers and Chemicals Limited (RFCL). RFCL, a joint venture of major public sector units, is reviving the Ramagundam Unit with a new urea plant having a capacity of 12.7 lakh metric tons annually. The project, costing Rs. 6165.06 crore, aims to boost indigenous urea production, reducing imports and enhancing self-reliance. The plant features advanced technologies and will significantly contribute to the regional economy and infrastructure while ensuring better fertilizer availability for farmers.