Paradeep Phosphates Limited Signs ₹4,000 Crore MoU with Odisha Government

Bhubaneswar, January 30, 2025 – Paradeep Phosphates Limited (NSE: PARADEEP, BSE: 543530) has signed a Memorandum of Understanding (MoU) with the Government of Odisha for an investment of ₹4,000 crores. This investment aims to boost phosphatic fertilizer production, develop port infrastructure, and create employment opportunities in the state.

Key Investment Highlights​

• ₹4,000 Crore Investment over five years.
• Expansion of phosphatic fertilizer manufacturing capacity, covering both intermediate and final products.
• Port/Jetty and infrastructure development to support logistics and distribution.
• Employment generation:
  • Direct jobs: 100–150
  • Indirect jobs: 700–1,000
• Focus on sustainability and renewable energy integration.

Strategic Goals & Industry Impact​

Paradeep Phosphates aims to:

• Enhance fertilizer production self-sufficiency to support agricultural growth and soil health.
• Optimize raw material integration for cost efficiency.
• Reduce environmental impact through advanced manufacturing techniques.

MoU Signing Ceremony​

The MoU was signed between:

• Hemant Sharma, IAS, Additional Chief Secretary, Department of Industries, Government of Odisha.
• Suresh Krishnan, Managing Director & CEO, Paradeep Phosphates Limited.

Present at the event were:

• Subhendra Kumar Nayak, Special Secretary, Department of Industries.
• Bijoy Kumar Biswal, Chief Financial Officer, PPL.
• Sudhi Ranjan Mishra, Head-Corporate Affairs, PPL.

About Paradeep Phosphates Limited​

Paradeep Phosphates Limited (PPL) is a leading phosphatic fertilizer manufacturer in India, with a 3 million metric tonne (MT) annual capacity. It operates plants in:

• Paradeep, Odisha (1.8 million MT)
• Zuarinagar, Goa (1.2 million MT)

The company produces:

• Di-Ammonium Phosphate (DAP)
• NPK fertilizers (various grades)
• Urea
• Industrial products (gypsum, sulphuric acid, phosphoric acid, ammonia)

PPL serves over 9 million farmers across 15 Indian states through 70,000 retail points. It operates with strong backward integration in phosphoric acid, sulphuric acid, and ammonia, along with a dedicated captive berth at Paradeep Port.

Conclusion​

This investment solidifies PPL’s commitment to agricultural growth, job creation, and infrastructure development in Odisha. It also aligns with India's broader goal of achieving self-sufficiency in fertilizer production while promoting sustainable manufacturing.