Paradeep Phosphates Limited (PPL) is a leading private sector company in India that specializes in phosphatic fertilizers. The company has a total production capacity of 3 million MT, with 2.60 million MT dedicated to phosphates and the remaining 0.40 million MT for urea. PPL manufactures a variety of phosphatic fertilizers, including DAP, N-10, N-12, N-14, N-19, N-20, N28, and others. In addition to fertilizers, PPL is a major supplier of industrial products such as Gypsum, Zypmite, HFSA (Hydrofluorosilicic Acid), Sulphuric Acid, and Ammonia. PPL operates two large manufacturing units in Paradeep, Odisha (1.8 million MT) and Zuarinagar, Goa (1.2 million MT). The company sources its raw materials globally through long-term contracts and distributes its finished fertilizers under the brand names "Jai Kisaan" and "Navratna" to over 8 million farmers across 16 states in India. PPL was established in 1981 as a joint venture between the Government of India (GoI) and the Republic of Nauru (RN) to set up a phosphatic fertilizers manufacturing unit in Paradeep, Odisha. In 1993, RN divested its stake, and PPL became a public sector enterprise (PSU). In 2002, GoI further divested close to 80% of its stake to Zuari Maroc Phosphates Pvt. Ltd. (ZMPPL), a joint venture between Zuari Agro Chemicals Limited (ZACL) and the OCP Group S.A. ZACL is a prominent fertilizer player in India, while the OCP Group is a global leader in phosphatic companies, controlling over 70% of the world's known phosphate reserves. In May 2022, PPL successfully completed its INR 1500 crore initial public offering (IPO), during which GoI divested its remaining 19.55% stake. The company used a portion of the IPO proceeds to acquire a 1.2 million MT fertilizer plant in Goa in June 2022. Currently, ZMPPL holds a 56.10% stake in PPL.
Legal Address
5Th Floor Orissa State, Handloom Weavers, Co-Operative Building
Bhubaneswar; Orissa;
Postal Code: 751001
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Website: http://www.paradeepphosphates.com
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