Calcutta, Aug. 24 :    Calcutta, Aug. 24:  Rashtriya Chemicals and Fertilisers Ltd (RCF), the public sector fertiliser major, is on the prowl. The Mumbai-based company is keen to acquire the fertiliser unit of the Steel Authority of India Ltd's Rourkela plant - it has put forward an expression of intent to the company. SAIL has decided to sell the fertiliser unit as a part of its business restructuring, under which it plans to emphasise on its core competencies. The company is also keen to acquire the loss-making Paradeep Phosphate Ltd. Confirming the move, RCF chairman D. K. Verma said the company is carrying out a due diligence exercise in both the plants through an internal committee. 'It will take some time to arrive at a decision as the price for the two units can be finalised only after the due diligence exercise is over,' he said. Since both the plants are in Orissa, RCF will have a strong foothold in the eastern region if the deals finally come through. Apart from acquisitions, the company is also setting up a greenfield project in a joint venture with Hindustan Zinc Ltd and Rajasthan State Mines & Minerals Development Corporation Limited. While HZL and RSMMDC will hold a 25 per cent stake each in the project, RCF will have a 50 per cent stake in the venture. The project will involve an investment of Rs 300 crore, Verma said. Verma said the company has nearly doubled its turnover in four years. 'Our turnover stood at Rs 1,100 crore in 1996-97 while last year's turnover was around 2,500 crore. We are optimistic about a 22 per cent annual growth on an average in the coming years,' he said. The company's operating profit has also gone up to Rs 100 crore and the net profit stood at Rs 68 crore in the last financial year.