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Paradeep Phosphates Limited charts Rs.10,000-cr expansion course

CM Shri Naveen Patnaik lays stone for ‘Make in Odisha’ projects to commence

The Government of Odisha has green-signalled the next phase of expansion in Adventz Group’s Paradeep Phosphates Limited (PPL) life span. Hon’ble Chief Minister Shri Naveen Patnaik today laid the foundation stone via video conferencing conducted from the CM office, with PPL, along with 14 other companies, getting a formal go-ahead and full support from the government to commence their projects.

Under the aegis of the ‘Make in Odisha’ initiative, PPL committed in December 2016 to invest around Rs.9459.17 crore for the expansion of the fertiliser manufacturing facility at Paradeep seaport town. As per the proposal approved by the state government’s High-Level Clearing Authority (HLCA) in July, PPL will enhance its manufacturing capacities across its products’ range, marketed under the popular ‘Navratna’ brand and catering to almost all agricultural applications.

Dr. Damodar Rout, State Minister of Agriculture & Farmers' Empowerment, Fisheries & Animal Resources Development, Public Enterprises, and Dr. Kulamani Samal, MP, Jagatsinghpur (Lok Sabha) led the State and administration dignitaries present at the high-level event at Paradeep.

Speaking about the milestone moment, Mr V. K. Sinha, COO, Paradeep Phosphates Limited, said: “15 years back Adventz Group has taken over PPL, which was at that time nearly sick and perpetually loss making with huge liability. PPL has not only been emerged as profit making company, but it is now on significant growth trajectory. PPL has been a catalyst driving development not just within Odisha but also among farmers across India. The support from the state machinery has always encouraged and enabled us to increase overall productivity and profitability. The people of Odisha have been the primary contributor as they have been most willing and cooperative stakeholders in the PPL growth story, even as we constantly invigorate the facility with innovation and technology. PPL has always been a good Corporate Citizen of Paradeep and contributed significantly towards the local economics and facilitated noticeably in enhancing the life style of peripheral community clubbed with CSR activities.”

A seminal fertiliser company, PPL manufactures and markets complex and intermediary products such as phosphoric acid and sulphuric acid, crucial in the manufacture of Phosphatic fertilisers. Incorporated in 1981, PPL is a joint venture between the Adventz Group company, Zuari Agro Chemicals Ltd. and Maroc Phosphore S.A., a wholly owned subsidiary of OCP, Morocco. Today, PPL has strong, ever-expanding presence across India and is recognised as a key entity within Adventz -- one of the country’s largest fertiliser conglomerates.

PPL strengths included in the expansion plans are the DAP Plant 1300-MTPD, GSSP Plant 1650-MTPD, Ammonia Plant 2200-MTPD, Urea Fertiliser Plant 3850-MTPD, Nitric Acid Plant 1000 MTPD, Ammonium Nitrate Plant 1100 MTPD, Aluminium Fluoride Plant 9500 MTPA Coal Handling Plant, The Plant expansion will generate employment for more than 2500 people in the category of engineering, technicians and skilled labourers.

Mr. Sunil Sethy- New Managing Director of PPL

Mr. Sunil Sethy is the new Managing Director of Paradeep Phosphates Limited. Mr. Sethy has 40 years of experience in accountancy, finance and treasury, legal and general business management. He is a Chartered Accountant and a Fellow member of the Institute of Chartered Accountants of India, with an additional degree in B.Com. F.C.A.

Mr. Sunil Sethy has previously served at many leading organizations in the following capacity- Managing Director of Chambal Fertilizers and Chemicals Ltd, Executive Vice Chairman, Managing Director at Binani Industries Ltd, Director of Finance and Corporate Strategy at Acme Tele Power Ltd and as the Vice President Corporate Finance at Eternit Everest Limited. He has also worked with the UB Group, PSI Data Systems, Eicher Goodearth Ltd and Zuari Agro Chemicals Ltd.

PPL won Prestigious Golden Peacock Award

Paradeep Phosphates Limited bagged the prestigious ‘Golden Peacock- Occupational Health & Safety Award’ for 2017. Mr. Nitin Kantak, VP (Manufacturing) and Mr. Nihar Kanti Rout, Dy. General Manager (Safety) of PPL received the award from Justice Joseph Kurian of Supreme Court in a glittering function at Hyderabad on 7th July’17 in presence of distinguished gathering of leaders from Institute of Directors. It may be noted here PPL is the only organisation from India received award in OHS Category in Fertilizer & Chemical sector.

Indian Ambassador to Morocco visits Paradeep Phosphates Ltd

India’s Ambassador to Kingdom of Morocco Dr. Kheya Bhattacharya visited Paradeep Phosphates Ltd. on 12th June 2017. After a brief introduction with senior Executives, Mr. Nitin M Kantak, Vice President (Mfg.) made a presentation on PPL giving the overview on Adventz, it’s group companies, product range and PPL history starting from 1981, privatization & how PPL was turnaround. He then explained about production cycle, raw material sourcing, different plant and their capacities and performance over the years. He explained about Biodiversity of the campus and rich heritage of PPL. She took interest in understanding the CSR activities undertaken in the periphery and was explained about the entire process of implementation and community participation in CSR programme. Madam Bhattacharya on her part made an in depth deliberation on Kingdom of Morocco, its historical and Geopolitical importance in the world. She described about the strategic diplomatic relationship between India and Kingdom of Morocco. She gave very informative tips on Moroccan interest in Indian companies and Goods and how fertiliser, Medicine and infrastructure hold a very key position in bilateral trade with Morocco.