PPL to foray into ammonia, urea making with Rs 6,000 cr outlay

The Paradeep plant of PPL, at present, has a capacity to produce 1.2 million tonnes of Di-ammonium phosphate (DAP) and NPK fertilisers

KK Birla owned Paradeep Phosphates Ltd, a leading producer of phosphatic fertilisers in the country, plans to set up an ammonia facility and make foray into urea production through the pet coke gasification route at an estimated investment of Rs 6,000 crore.

For the pet coke gasification project, the company is in talks with Indian Oil Corporation (IOCL) for the supply of feedstock from the latter's Paradeep refinery, which is currently producing 3,500 to 4000 tonne of pet coke every month.

"We propose to invest nearly Rs 10,000 crore at our Paradeep plant for setting up of new projects and expansion of