Paradeep Phosphates to Invest ₹4,750 Crore in Odisha's Fertilizer and Chemical Push

#MakeInIndia #ChemicalIndustry #OdishaGrowth #FertilizerIndustry #IndustrialDevelopment #AgriBusiness #ParadeepPhosphates #IndiaChem2026 #OdishaInvestments #SustainableAgriculture

Nov 2026 : Paradeep Phosphates Limited (PPL) has signed a Memorandum of Understanding (MoU) with the Government of Odisha to invest ₹4,750 crore into developing new chemical and fertilizer facilities across the state.

The agreement was formalized during an investors' meet held on the sidelines of India Chem 2026 in Mumbai, graced by the Chief Minister of Odisha, Shri Mohan Charan Majhi. The MoU was signed by Mr. Hemant Kumar Sharma, Additional Chief Secretary, Industries, representing the Government of Odisha, alongside Shri N. Suresh Krishnan, Managing Director and CEO of Paradeep Phosphates Limited.

The ceremony was attended by senior state officials and key executive leaders from PPL, including Mr. Rajeev Nambiar, Joint Managing Director, Mr. Bijoy Kumar Biswal, CFO, and Mr. Bibhudatta Panigrahi, Head of Corporate Affairs.

Under the proposed multi-year expansion blueprint, PPL plans to establish a modern chemical plant and a dedicated bio-fertilizer manufacturing unit, complemented by targeted initiatives designed to raise agricultural productivity. Beyond broadening the regional manufacturing landscape, the capital infusion is slated to unlock extensive direct and indirect job opportunities throughout the industrial value chain.

This investment underlines PPL's ongoing commitment to powering India's agricultural supply ecosystem while cementing Odisha’s evolution into a premier regional hub for sustainable manufacturing, heavy chemicals, and agri-inputs.

Pro MFG Media Newsletter

Get regular manufacturing insights that matter and enable business.