Paradeep Phosphate Signs MoU With Odisha For Expansion with ₹4,000 Crore Investment

Paradeep Phosphate has signed a Memorandum of Understanding (MoU) with the Government of Odisha to strengthen its production capabilities and integrate key raw materials. The company is set to invest ₹4,000 crore over 5 years, focusing on increasing phosphatic fertiliser manufacturing capacity while advancing sustainability and renewable energy initiatives.

Expansion of Manufacturing Capacity

As part of this investment, Paradeep Phosphate will enhance its intermediate and final product production while also improving port, jetty, and infrastructure facilities. This expansion will directly create employment opportunities for 100–150 individuals and indirectly benefit 700–1,000 workers. The strategic move aims to bolster agricultural productivity and ensure a stable supply of fertilisers.

Current Production and Future Growth

Paradeep Phosphate operates 2 manufacturing units in Paradeep, Odisha, and Zuarinagar, Goa, with a total production capacity of 3 million metric tonnes (MT). This includes 2.6 million MT of phosphates and 0.4 million MT of urea. The investment will further increase production efficiency, reduce environmental impact, and contribute to the sustainable growth of the agricultural sector.

Paradeep Phosphate Share Performance

As of January 31, 2025, at 10:30 AM, Paradeep Phophate’s shares are trading at ₹112.89 per share, up 0.34% from yesterday’s closing price. Over the last month, the stock has surged by 2.5% and over the past year, it has surged by 41.63%

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