Paradeep Phosphates completes acquisition of fertilizer plant from Zuari Agro Chemicals

Paradeep Phosphates completes acquisition of fertilizer plant from Zuari Agro Chemicals

By: ICN Bureau

Last updated : June 01, 2022 2:34 pm



Zuari Agro Chemicals has posted net profit of Rs.130.45 crores for the Financial Year ended March 31, 2022


Paradeep Phosphates Limited has announced that, the acquisition of Zuari Agro Chemicals Limited's fertilizer plant at Goa and associated businesses of ZACL by the company on slump sale basis pursuant to the Business Transfer Agreement(BTA) executed by the company with ZACL on 1st March, 2021 has been consummated with effect from 06:00 hours on June 01, 2022.

Zuari Agro Chemicals has posted net profit of Rs.130.45 crores for the Financial Year ended March 31, 2022 as against net loss of Rs. 157.08 crores for the Financial Year ended March 31, 2021. 

Paradeep Phosphates Limited Zuari Agro Chemicals Limited

First Published : June 01, 2022 12:00 am