AI assistant
Paradeep Phosphates Limited — Capital/Financing Update 2025
Jan 30, 2025
59408_rns_2025-01-30_ae6026c3-c8ac-411c-a4b6-0ad127ab3269.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [63 x 81] intentionally omitted <==
January 30, 2025
National Stock Exchange of India Limited Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E) MUMBAI - 400 051
BSE Limited, Floor 25, Phiroze Jeejeebhoy Towers, Dalal Street MUMBAI - 400 001
Dear Sir/Madam,
Company's Scrip Code in BSE : 543530 Company’s Symbol in NSE : PARADEEP ISIN : INE088F01024
Sub: - Intimation of signing of Memorandum of Understanding (MoU) with Government of Odisha
With reference to the above subject and pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Company has signed a Memorandum of Understanding (MoU) with the Government of Odisha for an investment of Rs. 4000 crores in the state.
In this regard, please find enclosed the press release being issued by the Company.
This is for your information and record.
Thanking you,
Yours faithfully,
For Paradeep Phosphates Limited
Sachin Digitally signed by Shankar Sachin Shankar Patil Date: 2025.01.30 Patil 17:09:54 +05'30' Sachin Patil Company Secretary
Encl: As above
PARADEEP PHOSPHATES LIMITED
CIN No.: L24129OR1981PLC001020 Corporate Office : Adventz Center, 3[rd] Floor, No. 28, Union Street, Off Cubbon Road, Bengaluru- 560001 Tel : + 91 80 46812500/555 Email : [email protected]
Registered office : Bayan Bhawan, Pandit J N Marg, Bhubaneswar - 751001 Tel: +0674 666 6100 Fax: +0674 2392631 www.paradeepphosphates.com
==> picture [59 x 56] intentionally omitted <==
PRESS RELEASE
"Paradeep Phosphates Limited signs a Memorandum of Understanding (MoU) with the Government of Odisha for an investment of Rs. 4000 crores!"
Paradeep Phosphate Ltd.(PPL), a leading fertilizer manufacturer, aims to be self-sufficient in Fertiliser Production and to improve crop yields, farmer prosperity and soil health. It has accelerated its produce to contribute to GDP, adds to the society with its corporate social responsibility and uses state-of-the-art techniques to help its core customers i.e. Farmers. To achieve this, the Company will enhance fertilizer production capacity, integrate key raw materials, and invest in renewable energy and sustainability.
PPL will invest Rs 4,000 Cr over five years to increase the Phosphatic Fertiliser Manufacturing capacity in both intermediate and final products including Port/Jetty and infrastructure development. This will escalate the employment capacity directly between 100-150 and indirectly between 700-1000. Alongside, this strategic investment will increase production capacity, reduce environmental impact, and contribute to agricultural growth.
The MOU was signed today, between Mr. Hemant Sharma, IAS, Addl. Chief Secretary, Department of Industries, Govt of Odisha and Mr. Suresh Krishnan, MD & CEO, Paradeep Phosphates Limited. Mr. Subhendra Kumar Nayak, Special Secretary, Department of Industries, Mr. Bijoy Kumar Biswal, Chief Financial Officer, PPL and Mr. Sudhi Ranjan Mishra, Head-Corporate Affairs, PPL were Present during the event.
About Paradeep Phosphates Limited: Paradeep Phosphates Ltd (PPL) is a leading Company in India’s phosphatic fertilizer industry, with a total production capacity of 3 million metric tonnes (MT), including 2.6 million MT of phosphates and 0.4 million MT of urea. Its two manufacturing units in Paradeep, Odisha (1.8 million MT), and Zuarinagar, Goa (1.2 million MT), produce a wide range of fertilizers, including DAP and various NPK grades (N10, N-12, N-14, N-19, N-20, N-28), as well as urea. PPL caters to over 9 million farmers through 70,000 retail points across 15 Indian states and supplies industrial products such as gypsum, HFSA, sulphuric acid, and ammonia. The company's strengths include raw material
PARADEEP PHOSPHATES LIMITED
CIN No.: L24129OR1981PLC001020
Corporate Office : Adventz Center, 3[rd] Floor, No. 28, Union Street, Off Cubbon Road, Bengaluru- 560001 Tel : + 91 80 46812500/555 Email : [email protected]
Registered office : Bayan Bhawan, Pandit J N Marg, Bhubaneswar - 751001 Tel: +0674 666 6100 Fax: +0674 2392631 www.paradeepphosphates.com
==> picture [59 x 56] intentionally omitted <==
sourcing through long-term contracts; backward integration in phosphoric acid, sulphuric acid, and ammonia; efficient storage, inbound, and outbound logistics, a captive berth at Paradeep port; flexible DAP/NPK production lines; and a robust pan-India distribution network, supported by strong brands of "Jai Kisaan" and "Navratna”.
Reclaimer: The information contained in this press release is for general information purposes only. The company makes no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the press release or the information, products, services, or related graphics contained on the press release for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
PARADEEP PHOSPHATES LIMITED
CIN No.: L24129OR1981PLC001020
Corporate Office : Adventz Center, 3[rd] Floor, No. 28, Union Street, Off Cubbon Road, Bengaluru- 560001 Tel : + 91 80 46812500/555 Email : [email protected]
Registered office : Bayan Bhawan, Pandit J N Marg, Bhubaneswar - 751001 Tel: +0674 666 6100 Fax: +0674 2392631 www.paradeepphosphates.com