Odisha Chief Minister Naveen Patnaik today laid foundation stone of fertiliser manufacturing plant of Adventz Group’s Paradeep Phosphates Limited (PPL) at Paradeep via video conferencing. With this, PPL along with 15 other companies, got a formal go-ahead and full support from the State government to commence their projects.
Under the aegis of the ‘Make in Odisha’ initiative, PPL committed in December 2016 to invest around Rs.9459.17 crore for the expansion of the fertiliser manufacturing facility at Paradeep seaport town which will generate around 2,667 jobs. As per the proposal approved by the state government’s High-Level Clearing Authority (HLCA) in July, PPL will enhance its manufacturing capacities across its products’ range, marketed under the popular ‘Navratna’ brand and catering to almost all agricultural applications.
Damodar Rout, Minister of Agriculture & Farmers’ Empowerment, Fisheries & Animal Resources Development, Public Enterprises, Odisha and Dr Kulamani Samal, MP, Jagatsinghpur led the State and administration representatives at the event at Paradeep.
Speaking about the moment, VK Sinha, COO, Paradeep Phosphates, said, “Fifteen years ago Adventz Group had taken over PPL, at that time nearly sick and perpetually loss-making with a huge liability. PPL has not only emerged as a profit-making company but is now on a significant growth trajectory. PPL has been a catalyst driving development not just within Odisha but also among farmers across India. The support from the state machinery has always encouraged and enabled us to increase overall productivity and profitability.”
“The people of Odisha have been the primary contributor as they have been most willing and cooperative stakeholders in the PPL growth story, even as we constantly invigorate the facility with innovation and technology. PPL has always been a good corporate citizen of Paradeep and contributed significantly towards the local economics and facilitated in enhancing community life, along with CSR activities,” Sinha added
A seminal fertiliser company, PPL manufactures and markets complex and intermediary products such as phosphoric acid and sulphuric acid, crucial in the manufacture of Phosphatic fertilisers. Incorporated in 1981, PPL is a joint venture between the Adventz Group company, Zuari Agro Chemicals and Maroc Phosphore SA, a wholly owned subsidiary of OCP, Morocco.
The PPL’s strengths included in the expansion plans are the DAP Plant 1,300-MTPD, GSSP Plant 1,650-MTPD, Ammonia Plant 2,200-MTPD, Urea Fertiliser Plant 3,850-MTPD, Nitric Acid Plant 1,000 MTPD, Ammonium Nitrate Plant 1,100 MTPD, Aluminium Fluoride Plant 9,500 MTPA. The expansion will generate employment for more than 2,500 people in the categories of engineers, technicians and skilled labourers, PPL said in a press release.