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December 1981 :

Incorporation of Paradeep Phosphates Limited as a Government of India Enterprise. Subsequently PPL was changed into a  joint venture of the Government of India and the Republic of Nauru.

August 1986 :

Phase - I DAP plant came into operation.

June 1992 :

Phase - II  Plants viz. SAP, PAP and a power plant with two turbines came into operation.

June 1993 :

Withdrawal of the Republic of Nauru by which PPL became a Public Sector Enterprise, wholly owned by the Government of India.

February 2002 :

Government of India divested 74% of stake. Zuari Maroc Phosphates Ltd., a 50-50 joint venture of Zuari Industries Limited and Maroc Phosphore S.A, a wholly owned subsidiary of OCP, Morocco took over PPL.

March, 2006 :

PPL closed the year with Rs. 1210 lakh net profit after tax.

March 2007 :

ZMPL holds 80.45% stake in PPL and the Government of India holds 19.55% stake.

PPL closed the year with Rs. 10927 lakh net profit after tax.

March 2008 :

PPL closed the year with Rs. 8356 lakh net profit after tax.

 

 

 
 
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