Paradeep Phosphates Share Price in Focus; Signs MoU for ₹4,750 Crore Investment in Odisha

Paradeep Phosphates Limited has signed an agreement with the Odisha government to invest ₹4,750 crore in new manufacturing facilities in the state. The plan includes a chemical plant and a bio-fertilisers facility, with the investment intended to be made over the coming years. 

The agreement was signed at an investors meet held in Mumbai alongside India Chem 2026 on October 22. Odisha Chief Minister Mohan Charan Majhi was present at the event. 

Chemical Plant and Bio-Fertilisers Facility Planned 

The proposed investment covers two new facilities: a chemical plant and a bio-fertilisers manufacturing unit. The company also outlined initiatives aimed at improving farm productivity. 

The announcement does not specify how the ₹4,750 crore investment will be divided between the facilities. It also does not provide a construction schedule or an expected commissioning date. 

Odisha Government and Company Officials Sign Agreement 

Hemant Kumar Sharma, Additional Chief Secretary for Industries, signed the Memorandum of Understanding on behalf of the Odisha government. N. Suresh Krishnan, Managing Director and CEO of Paradeep Phosphates, signed it for the company. 

The signing took place in the presence of Chief Minister Mohan Charan Majhi, along with senior state government officials and company executives. 

Investment Linked to Industrial Growth and Employment 

The press release states that the proposed investment is expected to support Odisha's industrial development and create direct and indirect employment across the value chain. 

It also forms part of the state's efforts to expand manufacturing in the chemicals and fertilisers sector. The company linked the project to its existing industrial presence in Odisha and its role in meeting India's fertiliser requirements. 

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Paradeep Phosphates Share Price Performance  

As of 23 October 2026, Paradeep Phosphates Limited share price closed at ₹133.57 per share, reflecting a decline of 3.46% from the previous trading session. 

Conclusion 

The ₹4,750 crore MoU sets out Paradeep Phosphates' proposed expansion into new chemical and bio-fertiliser manufacturing facilities in Odisha.  

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