Introduction:
Leading fertilizer manufacturer has signed a ₹4,000 crore MoU with the Government of Odisha to boost production capacity, improve agricultural outcomes, and create thousands of jobs. The project emphasizes sustainability and will foster agricultural growth and farmer prosperity.
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Share price movement of Paradeep Phosphates:
On January 31, 2025, Paradeep Phosphates Ltd opened at ₹114.30, up 0.66% from its previous close of ₹112.55. The stock reached a high of ₹115.70 and a low of ₹111.30. By 11:40 AM, it traded at ₹114.70, with a market cap of ₹9,199.65 crore.
PPL Signs ₹4,000 Cr MoU with Odisha:
Paradeep Phosphates Limited (PPL) has signed a ₹4,000 crore Memorandum of Understanding with the Government of Odisha. The agreement focuses on boosting fertilizer production and improving agricultural outcomes, contributing to GDP, soil health, and farmer prosperity over the next five years.
The strategic investment will enhance PPL’s fertilizer manufacturing capacity, integrate key raw materials, and drive sustainability through renewable energy. This expansion will directly create 100-150 jobs and indirectly generate 700-1,000 employment opportunities.
The MOU, signed by senior officials from both PPL and the Government of Odisha, marks a significant step toward self-sufficiency in fertilizer production. The project is expected to reduce environmental impact while fostering agricultural growth and employment.
Stock performance of Paradeep Phosphates for Period of 1 week, 6 months and 1 year:
Paradeep Phosphates Ltd has seen a -5.44% return over the past week, reflecting short-term volatility. However, its performance has been strong over the long term, with a 27.7% return over six months and an impressive 44.4% return over the past year.
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Shareholding pattern of Paradeep Phosphates:
| All values in % | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 56.10% | 56.10% | 56.10% |
| FII | 5.40% | 2.10% | 1.90% |
| DII | 25.50% | 27.10% | 26.80% |
| Public | 13.00% | 14.80% | 15.20% |
About Paradeep Phosphates:
Paradeep Phosphates Ltd (NSE: PARADEEP) is a leader in India’s phosphatic fertilizer industry, with a production capacity of 3 million MT. It serves 9 million farmers through a strong distribution network, offering a range of fertilizers and industrial products.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
