Paradeep Phosphates Approves Setting Up 15000 MTPA Aluminium Fluoride Plant
Paradeep Phosphates Limited has approved setting up a significant industrial expansion project focused on manufacturing Aluminium Fluoride (AlF₃) at its Paradeep facility. The decision, made by the company's Board of Directors, focuses on leveraging internal by-products to create high-value specialty chemicals.The new venture falls under the Industrial Chemicals sector, specifically focusing on Fluorine Chemicals. The plant is designed with a substantial capacity of 15000 MTPA (Million Tonnes Per Annum). This manufacturing process involves utilizing Hydrofluorosilicic Acid (HFSA), which is generated as a by-product during the company's existing phosphoric acid production.
The strategic initiative is expected to have several benefits across various operational and sustainability fronts, ranging from improving internal processes to diversifying the company's revenue streams.
Key details regarding the new venture are outlined below:
| Particulars | Details |
|---|---|
| Industry or Area | Industrial Chemicals - Fluorine Chemicals (Manufacture of AlF₃) |
| Estimated Investment | Approximately ₹ 250 Crores |
| Expected Benefits | Value addition to HFSA, diversification into industrial chemicals, improved profitability and operating margins, strengthening fluorine management, supporting circular economy and sustainability initiatives, and creating opportunities for future expansion. |
The project aims to convert the low-value by-product (HFSA) into a high-value industrial chemical. This move supports global sustainability goals while bolstering Paradeep Phosphates' position in the specialized industrial chemicals market.
PARADEEP Stock Price Movement
Today, Paradeep Phosphates Limited shares edged higher to close at ₹139.21 after settling a strong 3.42% gain in trading. The equity saw active movement today, with over 4.44 million shares traded during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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