Paradeep Phosphates Limited (PPL) has made a significant stride in its clean energy transition, securing a substantial allocation of green ammonia in a groundbreaking auction. This development marks a pivotal moment in India's push towards sustainable industrial practices and green energy adoption.

Green Ammonia Allocation

Paradeep Phosphates' unit in Paradeep has been allocated 75,000 metric tonnes per annum (MTPA) of green ammonia through the first auction conducted by the Solar Energy Corporation of India (SECI). This auction is part of the Government of India's National Green Hydrogen Mission, specifically under the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme.

Historic Price Discovery

The auction achieved a remarkable price discovery of ₹55.75 per kilogram for green ammonia, which translates to approximately $641.00 per metric tonne. This competitive pricing is expected to play a crucial role in making green ammonia economically viable for industrial use.

Significance for Paradeep Phosphates

This allocation represents a significant step in Paradeep Phosphates' decarbonisation efforts and clean energy transition roadmap. The company's commitment to integrating green ammonia into its operations aligns with global trends towards reducing carbon footprints in industrial processes.

Impact on the Fertilizer Industry

As a major player in the fertilizer industry, Paradeep Phosphates' move towards green ammonia could potentially influence the sector's approach to sustainability. Green ammonia, produced using renewable energy, offers a lower-carbon alternative to conventional ammonia, which is a key component in fertilizer production.

Government Initiative

The auction, conducted under the National Green Hydrogen Mission, underscores the Indian government's commitment to promoting clean energy alternatives and reducing dependence on fossil fuels. This initiative is expected to stimulate further investments in green hydrogen and ammonia production across various industries.

Paradeep Phosphates Limited's successful bid in this landmark auction positions the company at the forefront of the green energy transition in India's fertilizer sector. As industries worldwide grapple with the challenges of climate change, such initiatives demonstrate concrete steps towards a more sustainable industrial future.

Paradeep Phosphates Limited (PPL) has announced that its promoter, Zuari Maroc Phosphates Private Limited (ZMPPL), has entered into a strategic agreement with its shareholders to maintain majority control of the company. This move comes in anticipation of a planned scheme of arrangement between PPL and Mangalore Chemicals and Fertilizers Limited.

Key Points of the Agreement

• Parties Involved: Zuari Maroc Phosphates Private Limited (ZMPPL), Zuari Agro Chemicals Limited (ZACL), and OCP S.A.
• Date of Agreement: July 29, 2025
• Primary Objective: To ensure ZMPPL continues to hold more than 50% of PPL's share capital post-effectiveness of the scheme of arrangement

Details of the Inter-se Agreement

The inter-se agreement establishes ZMPPL as the sole entity authorized to acquire additional securities or voting rights in Paradeep Phosphates on behalf of the promoter group. This arrangement is designed to maintain ZMPPL's control over PPL following the implementation of the scheme of arrangement with Mangalore Chemicals and Fertilizers Limited.

Impact on Company Management

According to the disclosure made to the stock exchanges, there will be no immediate impact on the management or control of Paradeep Phosphates Limited. The company will continue to be majority-held and controlled by Zuari Maroc Phosphates Private Limited, as it has been.

Effective Date

The agreement will become effective from the date when the scheme of arrangement between Paradeep Phosphates and Mangalore Chemicals and Fertilizers Limited comes into effect.

Disclosure and Compliance

PPL has made this disclosure in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's Company Secretary, Sachin Patil, signed the disclosure document submitted to the stock exchanges.

This strategic move by the promoter group appears to be aimed at ensuring stability in the ownership structure of Paradeep Phosphates Limited as it prepares for potential corporate restructuring. Investors and market watchers will likely keep a close eye on further developments related to the scheme of arrangement and its implications for the company's future operations and market position.