Paradeep Phosphates shares rise on Q2 results and expansion plan
pre-market1 source ↓written by the desknot a recommendation
- Paradeep Phosphates rose
- 6%
- following the release
- 7 Nov 2023
- capacity expansion plan
- ₹3,600 crore
- of granulation capacity
- 1 million tonne
- in sales
- 5 million MT
Shares of Paradeep Phosphates rose 6% on 7 Nov 2023 following the release of its Q2 earnings and a ₹3,600 crore capacity expansion plan. The company aims to add 1 million tonne of granulation capacity and enhance phosphoric and sulphuric acid production across its units.
This strategic investment is expected to support 5 million MT in sales over the next two-and-a-half years, reflecting a commitment to growth in the fertilizer sector.
Not investment advice. For informational purposes only.