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 crore (~$440 million)  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, between Hemant Sharma, IAS, Addl. Chief Secretary, Department of Industries, Govt of Odisha and Suresh Krishnan, MD & CEO, Paradeep Phosphates Limited.

Subhendra Kumar Nayak, Special Secretary, Department of Industries, Bijoy Kumar Biswal, Chief Financial Officer, PPL and Sudhi Ranjan Mishra, Head-Corporate Affairs, PPL were Present during the event.