MoU signed with Government of Odisha, intending to invest Rs. 4,750 crores in new facilities
Paradeep Phosphates has signed a Memorandum of Understanding (MoU) with the Government of Odisha, intending to invest Rs. 4,750 crores in new chemical and fertilizer facilities in the state.
By ScoutQuest · · 2 min read
- Intended Investment
- Rs. 4,750 crores
- MoU Signed With
- Government of Odisha
- Proposed Facilities
- new chemical plant and a bio-fertilizers manufacturing facility
What the company told the exchanges
The intimation says Paradeep Phosphates Limited has signed a Memorandum of Understanding (MoU) with the Government of Odisha, intending to invest Rs. 4,750 crores in new chemical and fertilizer facilities in Odisha. The accompanying press release puts the intended investment at ₹4,750 crore, towards development of the facilities "in coming years".
What the investment is meant for
- A new chemical plant
- A bio-fertilizers manufacturing facility
- Initiatives aimed at enhancing farm productivity
The press release describes these as proposed facilities and says the investment is expected to support the expansion of the state's industrial ecosystem and generate direct and indirect employment across the value chain.
Who signed it
- For the Government of Odisha: Mr Hemant Kumar Sharma, Addl. Chief Secretary, Industries
- For Paradeep Phosphates: Shri N. Suresh Krishnan, Managing Director and CEO
The signing took place during India Chem 2026 in Mumbai, in the presence of Shri Mohan Charan Majhi, Chief Minister of Odisha, along with senior government officials of Odisha, Mr Rajeev Nambiar, Joint Managing Director, Mr Bijoy Kumar Biswal, CFO and Mr Bibhudatta Panigrahi, Head - Corporate Affairs.
How to read this
- The update uses the word MoU and the phrase "intending to invest". It records an intention to invest, in facilities described as proposed, to be developed in coming years.
- The stated amount is Rs. 4,750 crores / ₹4,750 crore. That is the headline number a reader can track against.
- The press release links the plan to Odisha's position as a destination for chemicals and fertilizers investment and to the company's long-standing presence in the state.
What a retail investor can take away
The announcement is about a state-level understanding covering a large intended investment in new chemical and bio-fertilizer capacity. It adds to the picture of the company's future manufacturing footprint in Odisha; the actual scale, funding and timing of any facilities would follow from later decisions by the company.
Also from Paradeep Phosphates
Board approves Raj Kumar Agrawal as Additional Director in the category of Independent Director
13 Oct 2026
More numbers
- Intended investment in new chemical and fertilizer facilities in OdishaRs. 4,750 crores
- Intended investment stated in the press release₹4,750 crore
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