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  3. Indian Potash Limited – Signs ₹360 Crore Pact with Odisha Government fo…

Indian Potash Limited – Signs ₹360 Crore Pact with Odisha Government for Sugar Mill Revival

11 Mar 2026

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Key Takeaways

Key Takeaway:
The ₹360 crore revival of the Badamba Sugar Mill positions Indian Potash Limited to expand its agro-industrial footprint while stimulating regional agriculture and rural employment, with the project expected to support 3,500 TCD processing capacity and benefit about 10,000 farmers.

Key Takeaway:
The ₹360 crore revival of the Badamba Sugar Mill positions Indian Potash Limited to expand its agro-industrial footprint while stimulating regional agriculture and rural employment, with the project expected to support 3,500 TCD processing capacity and benefit about 10,000 farmers.

Indian Potash Unlisted Shares

Indian Potash

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Expert Analysis

Expert Analysis:

  • Indian Potash Limited has signed a Memorandum of Understanding (MoU) with the Government of Odisha to revive and modernise the Badamba Cooperative Sugar Mill in Cuttack district, with an estimated investment of ₹360 crore.

  • The sugar mill, which has been closed for more than 15 years, is expected to resume operations within one year after modernisation and expansion. The revived facility will have a crushing capacity of 3,500 tonnes of cane per day (TCD).

  • The project will include additional infrastructure such as a 16 MW cogeneration power plant, a 10-tonne-per-day Bio-CNG plant, and a modern cold storage facility, enhancing value-added agro-processing capabilities.

  • The Odisha government will provide 112 acres of land on a long-term lease for the project. The revival is expected to benefit around 10,000 farmers in the Badamba block by boosting sugarcane cultivation and generating rural employment.

Publisher:Business World