Paradeep Phosphates signs MoU with Odisha Govt intending to invest ₹4,750 crore in new chemical plant and bio-fertilizer facility. MoU signed in presence of…. Paradeep Phosphates Limited (PPL) has signed a Memorandum of Understanding (MoU) with the Government of Odisha, intending to invest ₹4,750 crore in the development of new chemical and fertilizer facilities in the state.