History of Paradeep Phosphates Limited

_x000D_ Founded in 1981, Paradeep Phosphates Limited (PPL) is one of India's largest private-sector phosphatic fertiliser producers. The company was incorporated as a joint venture between the Government of India and the Republic of Nauru at Paradeep, Odisha._x000D_ _x000D_ In 1986, the company’s first Di-ammonium phosphate (DAP) plant (Phase I) was established, and in 1992, they launched their sulfuric acid plant, phosphoric acid plant, and captive power plant (Phase II). A year later, in 1993, the Republic of Nauru sold its share in the company, and PPL became a public sector enterprise._x000D_ _x000D_ However, in 2002, the Indian Government sold 74% of its share to Zuari Maroc Phosphates Private Limited (ZMPPL), which is a joint venture between Zuari Agro Chemicals Limited (ZACL) and OCP Group in Morocco. In 2022, the Indian Government completely exited PPL. In May 2022, the company launched its IPO and is listed on the Indian stock exchanges._x000D_ _x000D_ From 2002 to 2021, the company obtained several ISO certificates concerning environmental, safety and health practices. These certificates include ISO/IEC 27001:2013, ISO: 9001:2015, ISO: 14001:2015, ISO: 45001:2018 and ISO: 50001:2018._x000D_ _x000D_ As of March 2023, Paradeep Phosphates Limited has a total capacity of 3 million MT. The manufacturing units of the company are located in Odisha and Goa. They cater to more than 8 million farmers in India and are available across 15 states. They have over 6,500 dealers, over 65,500 retailers, and 21 regional marketing offices._x000D_

Business Segments of Paradeep Phosphates Limited 

_x000D_ The company performs its business activities only through 1 segment as follows._x000D_

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1. Fertilisers and Other Trading Materials: Paradeep Phosphates Limited provides a comprehensive range of fertilisers and vital plant nutrients. The company manufactures and distributes fertilisers such as NPK, DAP and agrochemicals like Zypmite. The popular brands from the company include Navratna and Jai Kisaan. The company's core offerings are Bharat DAP, Bharat NPK and Bharat UREA.
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_x000D_ Paradeep Phosphates Limited also provides Phospho-Gypsum, Sulphuric Acid, HFSA (an inorganic compound) and Ammonia for industries._x000D_ _x000D_ As of March 31, 2023, there are no subsidiaries of Paradeep Phosphates Limited._x000D_

Key Personalities of Paradeep Phosphates Limited

_x000D_ N Suresh Krishnan, Managing Director and CEO_x000D_ _x000D_ N Suresh Krishnan is the Managing Director and Chief Executive Officer of Paradeep Phosphates Limited. He has over 30 years of experience in various sectors, such as fertiliser, cement, sugar and energy. Previously, he was the Managing Director and CEO of Zuari Agro Chemicals Ltd (ZACL), Mangalore Chemicals & Fertilizers Ltd (MCFL), and Zuari Industries Limited (ZIL). Currently, he is also the Chairman of the Fertilizer Association of India (FAI) and a member of the Board of Directors of the International Fertilizer Association (IFA) and Zuari Maroc Phosphates Private Limited._x000D_ _x000D_ Management Outlook of Paradeep Phosphates Limited _x000D_

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• The company undertook a backward integration to grow its phosphoric acid outcome from 3 lakh Metric Tonnes Per Annum (MTPA) to 5 lakh MPTA. With the increased capacity, the company plans to serve more global markets.
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• In the next 2 years, the company also plans to increase its sulphuric acid capacity by 0.5 million MTPA.
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