Bhubaneswar: Paradeep Phosphates Limited (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 committed to invest Rs 4,000 crore over five years to increase the phosphatic fertilizer manufacturing capacity in both intermediate and final products including port/jetty and infrastructure development. This will escalate the employment capacity 100-150 directly and indirectly between 700-1000.
The company signed a Memorandum of Understanding (MoU) with the State Government for this purpose on 29 January. The agreement was signed between Hemant Sharma, Additional Chief Secretary, Department of Industries, and Suresh Krishnan, MD & CEO, Paradeep Phosphates Limited.
PPL 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.
Alongside, this strategic investment will increase production capacity, reduce environmental impact, and contribute to agricultural growth.
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 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 materials.