Paradeep Phosphates Limited has received trading approval for 22,16,23,331 equity shares of ₹10 each from both National Stock Exchange of India Limited and BSE Limited on December 30. These shares were allotted pursuant to the scheme of amalgamation with Mangalore Chemicals & Fertilizers Limited (MCFL), marking the completion of a significant corporate restructuring.

Trading Approval and Listing Details

The company has successfully obtained the necessary regulatory approvals for listing the substantial share issuance. Key details of the listing include:

Merger Implementation Progress

The listing of these shares represents the culmination of the merger process between Paradeep Phosphates Limited and Mangalore Chemicals Fertilizers Limited. Earlier developments in this corporate action included specific share allotments to promoter group members and Adventz Finance Private Limited.

Previous share allotments under the merger included:

Corporate Restructuring Impact

The successful completion of the amalgamation scheme strengthens Paradeep Phosphates' market position in the fertilizer sector. The merger process, which began with a record date of October 31, has now reached its final implementation stage with the listing of the substantial share issuance.

The trading approval confirms that all regulatory requirements have been met, allowing the newly issued shares to be actively traded on both major Indian stock exchanges. This development provides liquidity to the shareholders of the erstwhile MCFL who received PPL shares as part of the merger consideration.

Market Implications

With the listing of over 22 crore additional shares, Paradeep Phosphates has significantly expanded its equity base. The company, operating in the fertilizer sector with a mid-cap market classification, is now positioned to leverage the combined strengths of both entities post-merger.

The completion of this corporate action represents a milestone in the Indian fertilizer industry's consolidation efforts, potentially creating operational synergies and enhanced market presence for the merged entity.

Paradeep Phosphates Limited (PPL), one of India's largest private-sector fertilizer companies, has announced a ₹3,600 crore capacity expansion program, following its merger with Mangalore Chemicals & Fertilizers Limited (MCFL). This strategic move aims to strengthen PPL's market position and enhance its production capabilities.

Expansion Details

The company plans to invest ₹3,600 crore to increase its granulation capacity by 1.0 million metric tonnes (MMT) and expand its backward integration capabilities. The investment will be allocated as follows:

This expansion is expected to be completed within 2.5 years, with PPL aiming to achieve 5.0 million MT in sales over this period.

Merger Synergies

The recent merger with MCFL has already yielded positive results for PPL:

• Total capacity increased by 23% to 3.7 MMT
• Expanded market presence in South India
• Enhanced economies of scale and procurement efficiency
• Improved product-mix synergies

Financial Performance

For the quarter ended September 30, PPL reported the following financial results:

The company's production volumes grew by 19% year-on-year to 10.06 lakh tonnes, while sales volumes rose by 30% to 13.55 lakh tonnes in Q2.

Strategic Outlook

N. Suresh Krishnan, Managing Director & CEO of Paradeep Phosphates, commented on the company's performance and future plans: "Q2 and H1 have been strong for PPL, reflecting the strength of our operations and strategic direction. The successful merger with MCFL marks a pivotal milestone—expanding our southern presence, enhancing market share, and unlocking scale and product-mix synergies."

He added, "We have announced a ₹3,600 crore investment program to add 1 million tonnes of granulation capacity and strengthen backward integration across phosphoric and sulphuric acid, targeting 5.0 million tonnes of sales within 2.5 years."

The expansion is expected to ensure 100% backward integration for fertilizer production, reduce import dependency, and enhance operational capabilities and profitability.

As Paradeep Phosphates continues to grow and strengthen its market position, the company remains focused on operational excellence, innovation, and disciplined execution to drive sustainable growth in the fertilizer sector.