Paradeep Phosphates Ltd

Elara Capital continues to prefer fertiliser companies over their agrochemical counterparts due to several growth opportunities offered by the sector without any meaningful risk

Finance Minister (FM) Nirmala Sitharaman told Parliament on Monday that there was no shortage of fertiliser in the country, whether it was imported or domestically produced

Fertiliser manufacturer Paradeep Phosphates Ltd (PPL) plans to invest over Rs 1,500 crore in capacity expansion over the next three years, targeting sales of 3 million tonnes in FY26 as it seeks to double its market share in India's 20-million tonnes phosphatic fertiliser sector. The Bhubaneswar-headquartered company, which reported nearly Rs 14,000 crore turnover in FY25, aims to increase its market share from 12 per cent to 25 per cent by expanding production capacity from 2.6 million tonnes to 3.7 million tonnes by 2026. "Fertiliser sales have really picked up early this season with robust growth at retail and farmer levels. The water availability across our marketing areas has been quite good," PPL Managing Director and CEO Suresh Krishnan told PTI in an interview. The PPL's expansion strategy centres on the amalgamation of Mangalore Chemicals & Fertilizers Ltd (MCFL), expected to close in the third quarter of the current financial year. This acquisition will add 7,00,000 ...

Shares of agriculture-related companies were in demand on Tuesday on hopes that a normal monsoon could drive healthy demand for agro-chemicals.

Shares of Paradeep Phosphates hit a new high of ₹205, surging 8 per cent on the BSE in Wednesday's intra-day trade amid heavy volumes

Agri sector outlook: With a growing consumer base, the agri-inputs sector stands poised to benefit from a shift toward more efficient, sustainable practices.

Deepak Fertilizers and Petrochemicals Corp Managing Director Sailesh C Mehta has been elected as the new chairman of the Fertiliser Association of India (FAI). Earlier, N Suresh Krishnan, Managing Director of Paradeep Phosphates Ltd, was the chairman of the fertiliser body. With over four decades of experience in the industry, Mehta also served as the Chairman of the FAI for the western region for over five years, an official statement said. He is also the chairman and Managing Director of Mahadhan AgriTech Ltd, a subsidiary of Deepak Fertilizers and Petrochemicals Corporation Ltd (DFPCL). "I am truly privileged to serve as a bridge between government, industry, and farmers acting as a catalyst to elevate Indian farmer and farm productivity on the world map," he said. India's journey from food scarcity to global agri-exporter has been remarkable. The fertiliser industry continues to play a vital role in this journey, now with a focus on more balanced and nutrient-efficient ...

The better-than-expected retail inflation data and expectations of a good monsoon season ahead have lifted the sentiment around fertiliser stocks

Shares of Paradeep Phosphates hit a new high of ₹149, gaining 3.5 per cent on the BSE in Thursday's intra-day trade amid heavy volumes in an otherwise weak market.

In the past two days, the stock price of Paradeep Phosphates soared 16% after the India Meteorological Department (IMD) on Tuesday predicted an "above normal" monsoon in 2025.

Fertiliser companies are set to post healthy earnings growth, driven by volume growth in the Urea biz and sizeable cost savings in producing phosphoric acid for complex fertiliser makers

The catalyst for this rally in fertiliser shares was the anticipated increase in the price of Di-Ammonia Phosphate (DAP), the second most widely used fertiliser in India after urea

Shares of fertiliser companies have rallied up to 15 per cent so far in June following above normal monsoon forecast for India; here are four stocks that look strong on charts.

Paradeep Phosphates Ltd (PPL) on Wednesday clocked a 76.25 per cent jump in net profit at Rs 89.43 crore for the second quarter of the 2023-24 fiscal, on robust income. The company's net profit stood at Rs 50.74 crore in the same quarter previous fiscal year, according to a regulatory filing. The total income increased to Rs 3,683.02 crore during the July-September quarter of the current financial year, from Rs 2,863.69 crore in the year-ago period. The company's overall expenses remained higher at Rs 3,573.64 crore, as against Rs 2,801.81 crore in the said period. According to PPL, fertiliser production rose 25 per cent to 6,51,883 tonnes during the Q2 of this fiscal, from the year-ago period. Fertiliser sales jumped by 78 per cent to 8,07,399 tonnes in the said period. PPL Managing Director S Krishnan said despite less than adequate rainfall, the company achieved good Q2 primary and secondary sales numbers. "With normalization of raw material prices and a concomitant decrease i

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The sale would help Centre to inch towards its Rs 65,000 crore divestment target for financial year 2022-23

At 10:07 am; Paradeep Phosphates was trading at Rs 45.85, up 5 per cent from its opening level on the BSE. A combined around 56 million equity shares had changed hands on the BSE and NSE.

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