PARADEEP PHOSPHATES TO INVEST Rs 4,750 CRORE IN ODISHA

, one of India’s leading fertiliser manufacturers, has signed an MoU with the state government of Odisha to invest Rs 4,750 crore for development of new chemical and fertiliser facilities. The proposed investment will support the establishment of a new chemical plant and a bio-fertilisers manufacturing facility, alongside initiatives aimed at enhancing farm productivity. It will also support the expansion of the state’s industrial ecosystem and generate direct and indirect employment across the value chain. Paradeep Phosphates Limited is a manufacturer of non-urea fertilizers and India’s second largest private sector phosphatic company. It has delivered good sales growth of 33% CAGR and profit growth of 35% CAGR over last 5 years. This new investment will boost the companys sales and profits in the coming years.