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PPL unveils expansion plans in Make in Odisha conclave

Bhubaneswar, Dec 3: Adventz Group chairman Saroj Kumar Poddar unveiled the expansion plans of the flagship group company Paradeep Phosphates Ltd (PPL) during the plenary session of the Make in Odisha conclave here recently.

Highlighting the ambitious expansion plans, Poddar informed that PPL, a classic case study in turnaround from a sick PSU to a consistently profit-making entity- has recently completed sulphuric acid plant expansion project (2000 MTPD of Sulphuric acid and 23 MW power generation) in March 2016 at an investment of over Rs 600 crore.

Further the proposed coal based ammonia, urea Brownfield Project with an investment outlay of Rs 9,500 crore is in pipeline for which environmental clearance by the State Government is awaited. The project is likely to generate direct and indirect employment opportunities, he said.

Although the fertiliser industry is passing through a challenging phase, Adventz Group and PPL are committed to play a catalytic role, Poddar said.

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