Government Schemes and Policy · 8 March 2026

Sulphuric Acid Plant–3 (SAP–III) inaugurated at IFFCO Paradeep unit in Odisha

Exam-focused facts from the 8 March 2026 current affairs briefing.

Key facts

  • Union home and cooperation minister Amit Shah dedicated the newly commissioned Sulphuric Acid Plant–3 (SAP–III) at the Indian Farmers Fertiliser Cooperative Limited (IFFCO) unit in Paradeep, Odisha.
  • The new plant has been established at an estimated cost of around ₹700 crore and has a production capacity of about 2,000 metric tonnes per day.
  • IFFCO bought the Paradeep plant in 2005 for ₹2,577 crore and its production capacity has increased from 7.5 lakh metric tonnes to about 22 lakh metric tonnes.
  • IFFCO benefits nearly five crore farmers across the country and has a turnover of over ₹41,000 crore, profit exceeding ₹3,800 crore, and net worth of more than ₹28,000 crore.