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Sources said in 1982, PPL acquired 1,509 acre land from locals at a significantly reduced price to establish their plant in Paradip.

PPL president and CEO Sabaleel Nandi said the company had filed the DRHP with the SEBI in August this year for its IPO.

The decision was taken in view of the surging daily positive case count of Odisha which has already breached the 4,000 mark since the last couple of days.

Out of the 1,509 acres of land acquired by the fertiliser firm, only 1,200 acres was used for setting up the plant along with a township, school, hospital and railway siding.

Members of PPL DAV Parents’ Committee on Wednesday criticised the authorities of Paradeep Phosphates Ltd (PPL) for making false statement over closure of Odia DAV Public School in its township area.

Odia Army Major Awarded for Gallantry on Army Day