Paradeep Phosphates Aims for Market Domination with Aggressive Expansion

Paradeep Phosphates Ltd (PPL) is set to transform the Indian fertiliser industry landscape as it looks to invest over Rs 1,500 crore in capacity expansion over the next three years. The company is targeting an impressive sales turnover of 3 million tonnes by FY26, effectively doubling its current market share in the country's phosphatic fertiliser sector.

Headquartered in Bhubaneswar, PPL recorded a turnover nearing Rs 14,000 crore in FY25. The company aims to elevate its market share from 12% to 25% by increasing production capacity from 2.6 million tonnes to 3.7 million tonnes. This ambitious expansion includes amalgamating Mangalore Chemicals & Fertilizers Ltd, enhancing PPL's capacity by an additional 700,000 tonnes and facilitating the construction of a new plant in Mangalore.

With a focus on self-reliant production, Managing Director and CEO Suresh Krishnan noted the importance of leveraging strategic partnerships for raw materials and expanding domestic capacity. Amid global supply challenges, the company underscores India's need for increased self-sufficiency in fertiliser production.

(With inputs from agencies.)