PPL is jointly held by Zuari Group of India and OCP group of Morocco through their Special Purpose Vehicle i.e., Zuari Maroc Phosphates Ltd. (ZMPL).

ZMPL holds 80.45% stake in PPL, in turn is a 50-50 Joint Venture of Zuari Industries Limited and Maroc Phosphore S.A of Morocco. Zuari Industries Limited is a flagship/holding company of the Zuari Group and Marocphosphore S.A is a wholly owned subsidiary of the fertilizer giant, OCP of Morocco. The Government of India has divested its stake and currently holds about 19.55% stake.

Shareholding pattern of Paradeep Phosphates Ltd. as on 31st January, 2009 is given below :