Paradeep Phosphates surges on launching biogenic Nano Urea, Nano DAP

Paradeep Phosphates is currently trading at Rs. 76.87, up by 2.43 points or 3.26% from its previous closing of Rs. 74.44 on the BSE.

The scrip opened at Rs. 75.50 and has touched a high and low of Rs. 78.05 and Rs. 75.50 respectively. So far 229463 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 85.90 on 08-Feb-2024 and a 52 week low of Rs. 56.01 on 13-Jun-2023.

Last one week high and low of the scrip stood at Rs. 78.05 and Rs. 67.29 respectively. The current market cap of the company is Rs. 6253.43 crore.

The promoters holding in the company stood at 56.08%, while Institutions and Non-Institutions held 26.23% and 17.68% respectively.

In its continuing endeavor of promoting Nutrient Use Efficiency (NUE), Paradeep Phosphates (PPL) is launching India's first biogenic Nano Urea and Nano DAP under the Jai Kisaan Navratna brand - Jai Kisaan Navratna Nano Shakti Nano Urea containing 8% Nitrogen and Jai Kisaan Navratna Nano Shakti Nano DAP containing 6% Nitrogen and 16% P2O5. The farmers who use these products will reap multiple benefits of Nano-Technology as the nano-sized particles provide greater surface area for nutrient absorption and nano-particles dissolve more readily in water, enhancing nutrient availability. 

Nanotechnology allows for controlled release of nutrients and nano fertilizers exhibit lower leaching rates, thereby, minimizing environmental effects. Also, the smaller nano particle size improves nutrient absorption by plants. The Nutrient Use Efficiency of PPL’s Jai Kisaan Navratna Nano Shakti Nano Urea and Nano DAP is more than 90%, against 30-35% of the traditional urea. After institutional trials at leading Agriculture Universities and research centres & Krishi Vigyan Kendra of ICAR, PPL’s team has conducted more than 4000 successful trials on farmers’ fields over the last two years and the farmers have seen improved crop response from the use of both these nano products. PPL will ensure widespread accessibility of this technology to farmers throughout the country.

Besides, PPL is introducing an alternate high ‘P’ fertilizer - Jai Kisaan Navratna TSP 46% P - that will offer a better value proposition to the farmers. Jai Kisaan Navratna TSP 46% P provides the farmers an opportunity to apply the correct units of P while avoiding overuse of N for crops like soyabean, pulses, oilseeds, vegetables, cereals and other leguminous crops.

Paradeep Phosphates is primarily engaged in manufacturing, distribution, trading and sales of a variety of complex fertilizers such as DAP, several grades of NPK, Zypmite and its by-product, Phospho-gypsum and HFSA.