New Delhi, March 11 -- Indian Potash Limited (IPL) has signed a Memorandum of Understanding (MoU) with the Government of Odisha for modernization and expansion of Badamba Sugar Mill with an estimated investment of Rs 360 crore, the state-owned company said in a statement.

Badamba Cooperative Sugar Mill in Odisha, which has reportedly remained shut for more than 15 years, is set to be revived, bringing renewed hope to thousands of farmers in the region.

The MoU was signed by P. S. Gahlaut, Managing Director, Indian Potash Limited, and Rajesh Prabhakar Patil, Commissioner-cum-Secretary, Department of Cooperation, Government of Odisha, in the presence of Union Home and Cooperation Minister Amit Shah on March 6, 2026.

As per the MoU, the B...