Paradip Phosphate will increase the granulation capacity of its non-urea fertilizer- di ammonium phosphate (DAP) and Nitrogen, Phosphorous and Potash (NPK) plant from 1.2 million tonnes to 18 lakh tonnes by May 2022. This will greatly benefit the farmers of the country. Often in the peak season of Rabi and Kharif, farmers have to face problems due to shortage of fertilizers.
The company intends to re-establish a new phosphoric acid production plant to increase its annual production to 12,000 million tonnes and plans to set up a new evaporation plant to increase the annual production of phosphoric acid to 11,600 million tonnes. Also making.
Sableel Nandy, President and Chief Operating Officer, Paradip Phosphates Limited said, “We are investing heavily to generate revenue. We are moving from 1.2 million tonnes to 18 lakh tonnes and with the acquisition of the Goa plant, we will get another 1.2 million tonnes. The company’s total annual capacity for making DAP and NPK granules was around 1.4 million tonnes as on March 31, 2021. Whereas the actual capacity for the financial years 2021, 2020 and 2019 was 1.2 MT, 1.39 MT and 0.30 MT respectively.
Fertilizer manufacturing company in Paradip
The company’s manufacturing facility is located at Paradip, Odisha and includes a DAP and NPK production, a sulfuric acid production and a phosphoric acid production plant. The company uses sulfuric and phosphoric acid to manufacture DAP and NPK.
On the acquisition of Zuari Agrochemicals’ fertilizer plant and allied businesses in Goa, he said, “Due to the Goa plant acquisition, we have been able to expand our geographical footprint. We now have a strong presence across India along with East, West and South.
Going forward, he said that we are open to opportunities for in-organic growth and we intend to continue to do so. Our cashflows are quite positive and we expect to be able to tap them through suitable inorganic growth opportunities.
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