Paradeep Phosphates Limited (PPL) has drawn up a plan to invest Rs 400 crore in the next four years to scale up its production capacity of phosphatic fertilisers from 12 lakh tonnes at present to 20 lakh tonnes by 2013.

“PPL plans to invest Rs 400 crore to scale up its production capacity to 20 lakh tonnes by 2013. However, the investment plan is still at the drawing board stage and the details are yet to be worked out”, SS Nandurdikar, managing director, PPL told mediapersons here.

Click here for Cloud Computing

Also Read   Related Stories News Now - RNRL writes again to RIL for talks on gas supply - Subir Roy: Growing in a responsible way - RNRL invites RIL for talks on gas supply - Steve Jobs returns to work at Apple: Report - KEC bags three orders worth 110 cr - Nagarjuna Const gets Rs 358 cr orders for water supply

Also Read   Related Stories News Now - Wall Street up on Greece, but gains seen limited - FII-TO-FII: Pantaloon traded at 7% premium - Civic polls: Saffron alliance retains Mumbai, Thane - MCX awaits trading rules in commodity options, indices - Govt to provide incentives for electronic chip manufacturing More

“The Centre’s policy to fix prices of the DAP fertliser on import price parity basis rather the earlier cost-based approach from April 1, 2008 helped us to record growth in net profit. Moreover, PPL came out with effective strategies to cope up with the changing cycles of commodities and the economy after the fertiliser industry was exposed to global competition following the new pricing policy of the Centre”, said Nandurdikar. PPL’s production in 2008-09 stood at 10.22 lakh tonnes which is a 20.4 per cent decline compared to the company’s production of 12.84 lakh tonnes in 2007-08.

Among the intermediary products, the production of sulphuric acid and phosphoric acid was 6.36 lakh tonnes and 2.37 lakh tonnes respectively. Out of PPL’s total production of 10.22 lakh tonnes, the production of DAP (Di-Ammonium Phosphate) fertiliser was 4.7 lakh tonnes while the combined production of the three different grades of NPK fertilisers stood at 5.5 lakh tonnes. PPL went for a cut in fertiliser production in 2009-10 in the wake of crash in prices of DAP fertiliser in the international market triggered by a slump in demand. The company is aiming at a production of 12 lakh tonnes of phosphatic fertilisers in this fiscal.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Wall Street up on Greece, but gains seen limited - FII-TO-FII: Pantaloon traded at 7% premium - Civic polls: Saffron alliance retains Mumbai, Thane - MCX awaits trading rules in commodity options, indices - Govt to provide incentives for electronic chip manufacturing

Tags : ppl | SS Nandurdikar |   Read Business news in  Advertisements -  Now property search gets more exciting than ever before! -  High Growth Business Opportunities in Africa - Register to explore -  Medium-sized businesses are the engines of a smarter planet. -  Save over Rs.3000 with IndianOil Citibank Card -  India's No. 1 Property Site. Click here to know more.. -  Get 5% cashback on telephone bills with Citi -  Diseases earlier, Saving Costs, Extending Lives. Know More.. -  Enjoy the journey as much as the destination. click to know more.. -  Exim Bank Conclave on India - Africa Project Partnership. Know more.. -  Creating Wealth made simple the SIP way. Know more.. -  Only Developer to give a guarantee on time space & rate. -  Office 365 for professionals and small businesses. -  Buy Your Property with Our Triple Guarantee in India. -  Improve Patient Care & Experience. Click here to know more -  Win a Business Class Ticket to Europe..Know more.. -   Introduce a New Automotive Luxury Car.. know more