Paradeep Phosphates to Invest ₹4,750 Cr in Odisha Facilities
Paradeep Phosphates Limited (PPL) has signed a Memorandum of Understanding (MoU) with the Government of Odisha to invest ₹4,750 crore in new chemical and fertilizer facilities. The investment aims to boost industrial growth and employment in the state. The MoU was signed at India Chem 2026 in Mumbai in the presence of the Chief Minister of Odisha, Shri Mohan Charan Majhi. The proposed facilities include a new chemical plant and a bio-fertilizers manufacturing unit. This investment reinforces PPL's commitment to Odisha and supports India's fertilizer requirements and regional economic development.
Key Highlights
- MoU signed with Government of Odisha for new chemical and fertilizer facilities.
- Planned investment of ₹4,750 crore in Odisha.
- Investment to create new chemical and bio-fertilizer plants.
- Aims to boost industrial growth and employment in the state.
Price Impact
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