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Geojit Research's IPO Report
Paradeep Phosphates Ltd. is the second largest private sector manufacturer of non -urea fertilisers in India and the second largest private sector manufacturer in terms of Di-Ammonium Phosphate innine months-FY22 volume sales.
Incorporated in 1981, Paradeep Phosphates is a joint venture of Zuari Agro Chemicals Ltd. and OCP Group S.A., which currently holds 80.45% of the equity share capital of the company, with the balance being held by the Government of India.
They are primarily engaged in manufacturing, trading, distribution and sales of fertilisers such as DAP, three grades of NitrogenPhosphorus-Potassium, Zypmite, Phospho-gypsum etc. with a strong presence in the eastern part of India.
Their fertilizers are marketed across 14 states under the brand names ‘Jai Kisaan – Navratna’ and ‘Navratna’.
Paradeep Phosphates’s manufacturing facility is located in Paradeep, Odisha.
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