PPL registers record prodn: Chairman Nandurdikar

Bhubaneswar, Jul 21: The Paradeep Phosphate Limited (PPL) has registered a record of 13.18 lakh tonnes production in last fiscal and earned a net profit of Rs 109 crores while raising its income to Rs 2067.2 crore.

PPL Chairman S S Nandrudikar told mediapersons here yesterday that of the total production the DAP alone accounted for 8.2 lakh tonnes.

Among the intermediary products, Phosphoric Acid, he said was 2,80,300 tonnes, registering an increase of 8.6 per cent over the previous year.

Similarly, Sulphuric Acid registered an increase of 3.4 per cent in comparison to last year with 7,60,610 tonnes.

He said in addition to 13.10 lakh tonnes production, the PPL also sold 1,42,152 tonnes of imported Mauriate of Potash (MOP), 3,13,470 tonne of Gypsum and exported 31,000 tonne of fertiliser to Nepal.

Mr Nandrudikar claimed that the Navaratna Krushi Vikas Yojana implemented in Orissa and Chhatishgarh had been very successful in increasing the yield with the use of improve techniques of agriculture.

Besides improving the agricultural productivity, the PPL had also undertaken mushroom cultivation and tissue culture of bananas in four districts, two each in Orissa and Chhatisgarh, he added.

On the revival package of the PPL, Mr Nandurdikar said the company is in the process of submitting a package to SBI, its operating agency, as per the BIFR guidelines but refused to divulge the details of the package plan.

He said the company had already invested Rs 140 crores in first year and another Rs 142 crores last year further adding that it had decided to invest another Rs 140 crore during the current fiscal.

UNI