Paradeep Phosphates Limited saw its shares surge over 3% following the successful commissioning of its new 1,500 MTPD Sulphuric Acid Plant – D at the Paradeep facility in Odisha. This new addition is expected to significantly enhance the company’s captive production of sulphuric acid, a critical raw material for phosphoric acid and fertilizer manufacturing.
With the commissioning of this plant, Paradeep Phosphates will reduce its reliance on imports, improve operational efficiency, and ensure uninterrupted availability of essential raw materials. The company’s overall sulphuric acid production capacity will rise from 4,200 MTPD to 5,700 MTPD, with current capacity utilization at 96%.
The project, costing approximately ₹510 crore, has been financed through a combination of internal accruals and term loans. Beyond increasing production, the plant will generate around 150 million units of non-fossil fuel energy annually from process waste heat. This milestone is expected to enhance cost efficiency, operating margins, and contribute to the company’s sustainability goals by reducing its carbon footprint.
Paradeep Phosphates shares were up 3.54% at ₹188.90 apiece around 9.29 am. It has rallied 63.13% this year, so far.
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