About Paradeep Phosphates Limited

Paradeep Phosphates Limited (PPL) is one of India’s largest private sector phosphatic fertiliser companies, producing a wide range of phosphatic grades including DAP, N-10, N-12, N-14, N-19, N-20 and N28. It operates two large manufacturing facilities at Paradeep, Odisha, and at Zuarinagar, Goa, with the Goa plant alone producing Urea. PPL’s current total capacity is 3 million MT, comprising 0.4 million MT of Urea and 2.6 million MT of phosphates . The company supplies fertilisers across more than 15 states, including Maharashtra, Karnataka, Odisha, Bengal, UP, MP, AP, Telengana, Chattisgarh and MP, and also sells industrial products such as Gypsum, Zypmite, HFSA (Hydrofluorosilicic Acid), Sulphuric Acid and Ammonia.

PPL’s products are marketed under the “Jai Kisaan” and “Navratna” brands, which together carry over four decades of brand equity, and the company serves a customer base of over 9 million farmers across 15+ states . The company is promoted by Zuari Agro Chemicals and OCP Group of Morocco, which jointly hold 56.1% of PPL through Zuari Maroc Phosphates Pvt Ltd (ZMPPL).

Paradeep Phosphates Limited Milestone

Key milestones for the company include scaling manufacturing capacity to 3 million MT and building an extensive multi-state distribution footprint. The company has also pursued backward integration in phosphoric acid, with benefits beginning to materialise, supporting manufacturing and product mix initiatives.

Paradeep Phosphates Limited Key Management

• S. Krishnan — Managing Director
• Sachin Patil — Company Secretary
• Susnato Lahiri — DGM: Strategy, Investor Relations & ESG

Latest Updates on Paradeep Phosphates Limited

• For the quarter ended June 30, 2024, PPL introduced new NPK grades (including NPK-14 and NPK-19) and a new fertiliser, TSP (Triple Super Phosphate), which were well received by farmers.
• The company launched biogenic Nano DAP and Nano Urea under the brand “Jai Kisaan Navratna Nano Shakti”; Nano Urea contains 8% Nitrogen, while Nano DAP contains 6% Nitrogen and 16% P2O5. During the quarter, PPL sold approximately 30,000 bottles of Nano DAP and ~26,000 bottles of Nano Urea.
• Production volumes for the quarter totalled 5,39,194 MT, with sales volumes at 5,54,571 MT. EBIDTA and PBT stood at Rs 166 crores and Rs 14 crores, respectively.
• A brief shutdown at the Paradeep unit in April 2024 caused a production loss of around one month; the company indicated plans to cover the shortfall over the year. Management also highlighted a positive market outlook supported by favourable monsoon conditions and noted that benefits from phosphoric acid backward integration are beginning to accrue.