Paradeep Phosphates Limited, one of India’s leading fertiliser manufacturers, signed a memorandum of understanding (MoU) with the Odisha government to invest ₹4,750 crore in developing new chemical and fertiliser facilities in the state. The agreement was signed during India Chem 2026 in Mumbai, in the presence of Odisha Chief Minister Mohan Charan Majhi. Hemant Kumar Sharma, Additional Chief Secretary, Industries, signed the MoU on behalf of the state government, while N. Suresh Krishnan, Managing Director and CEO of PPL, represented the company.
New Chemical and Bio-Fertiliser Facilities
The proposed investment will support the establishment of a new chemical plant and a bio-fertilisers manufacturing facility. In addition, PPL plans to undertake initiatives aimed at improving farm productivity and strengthening agricultural development. These projects are expected to enhance Odisha’s industrial ecosystem while creating direct and indirect employment opportunities across the manufacturing and agricultural value chains.
Strengthening Odisha’s Industrial and Agricultural Growth
The investment reinforces Paradeep Phosphates’ long-standing presence in Odisha and its contribution to meeting India’s fertiliser requirements. Furthermore, the proposed facilities will strengthen the integration of chemical manufacturing and agriculture, supporting regional economic development. The investment reflects the company’s continued commitment to Odisha’s industrial growth and agricultural progress. As reported by newindianexpress.com, by expanding its manufacturing capabilities, PPL aims to support the fertiliser sector while contributing to employment generation and the state’s broader economic development.
