Paradeep Phosphates announces ₹3,600 crore expansion plan
after close1 source ↓written by the desknot a recommendation
- expansion plan following
- ₹3,600 crore
- and enhance backward
- 1.0 million metric tonnes
- for 1.0 MMT
- ₹2,450 crore
- for phosphoric
- ₹1,150 crore
- in sales
- 5.0 million MT
Paradeep Phosphates Limited has unveiled a ₹3,600 crore expansion plan following its merger with Mangalore Chemicals & Fertilizers. This initiative will boost granulation capacity by 1.0 million metric tonnes and enhance backward integration.
• Investment Breakdown:
- Paradeep site: ₹2,450 crore for 1.0 MMT granulation
- Mangalore site: ₹1,150 crore for phosphoric and sulphuric acid
This expansion aims to achieve 5.0 million MT in sales over the next 2.5 years.
Not investment advice. For informational purposes only.