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Paradeep Phosphates Ltd.

BSE: 543530 Sector: Industrials
NSE: PARADEEP ISIN Code: INE088F01024
BSE 00:00 | 24 Jun 37.70 -0.10
(-0.26%)
OPEN

37.65

HIGH

38.25

LOW

37.45

NSE 00:00 | 24 Jun 37.65 -0.20
(-0.53%)
OPEN

37.95

HIGH

38.20

LOW

37.45

OPEN 37.65
PREVIOUS CLOSE 37.80
VOLUME 115242
52-Week high 47.25
52-Week low 37.45
P/E 7.73
Mkt Cap.(Rs cr) 3,071
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 37.65
CLOSE 37.80
VOLUME 115242
52-Week high 47.25
52-Week low 37.45
P/E 7.73
Mkt Cap.(Rs cr) 3,071
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Paradeep Phosphates Ltd. (PARADEEP) - Company History

Paradeep Phosphates Ltd is a leading fertilizer company in India. The company is engaged in the manufacturing and marketing of Di-ammonium Phosphate and complex fertilizers of NPK grades. They also markets ammonia and sulphuric acid to industrial users.The company is having their manufacturing facility at the port town of Paradeep. Their units are Di-Ammonium Phosphate (DAP) Plant with the annual capacity of 720000 metric tonnes Sulphuric Acid Plant with the annual capacity of 660000 metric tonnes and Phosphoric Acid Plant with the annual capacity of 225000 metric tonnes.The company is having their head office at Bhubaneshwar and various regional offices across the country. They cater to the demands of farmers all over the country through their Navratna brand of fertilizers.The company's products are sold through private and institutional channels. They market their products in Andhra Pradesh Assam Bihar Chhattisgarh Haryana Jammu & Kashmir Jharkhand Karnataka Madhya Pradesh Maharashtra Orissa Punjab Rajasthan Uttar Pradesh Uttarakhand and West Bengal. Paradeep Phosphates Ltd was incorporated in the year 1981. The company was formed as a joint venture between the Government of India and the Republic of Nauru. In August 1986 the company commissioned DAP plant with an annual capacity of 720000 metric tonnes along with off-site facilities with 3.4 km closed conveyor from port to plant site as well as a railway siding raw material storage yards and a 3.1 km long pipe rake.In June 1992 the company commissioned Sulphuric Acid Plant with an annual capacity of 660000 metric tonnes and a Phosphoric Acid Plant with an annual capacity of 225000 metric tonnes. They also commissioned two captive power units of 16 MW each designed to run on excess steam generated by the Sulphuric Acid Plant.In June 1993 the Republic of Nauru divested their investment in the company by which the company became a Public Sector Enterprise wholly owned by the Government of India.The organization incurred huge loss in recent years and was consequently declared sick unit. Their production was stopped. Further they were referred to the Disinvestment Commission in the year 1998. Furthermore the Commission recommended for strategic sale of not less than 51%. The government of India cabinet committee on disinvestment ordered for disinvestment of 74% equity sale.In February 2002 the Government of India divested 74% of their stake in the company in favour of selected partner Zuari Maroc Phosphates Pvt Ltd a 50-50 joint venture of Zuari Industries Ltd and Maroc Phosphore SA a wholly owned subsidiary of OCP Morocco.During the year 2003-04 the company executed an export order to Nepal of around 5000 MT of DAP. Also the company bagged an award from the Fertilizer Association of India during the year for their turnaround performance. During the year 2004-05 the company entered into Finance Lease arrangement with Srei International Finance Ltd for procuring a Ship Unloader on lease. In May 2006 the company received the ISO 14001: 2004 certification for good environment management systems. In March 2007 Zuari Maroc Phosphates Pvt Ltd holds 80.45% stake in the company and the Government of India holds 19.55% stake in the company.The company proposes to ramp up DAP capacity from their present 720000 tonnes to over one million at their existing plant through investments to modernize equipment and achieve optimum capacity utilization.

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