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PARADEEP — Paradeep Phosphates News Story

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India's Paradeep Phosphates rises on higher quarterly profit

** Shares of India's Paradeep Phosphates PRAO.NS rise 3.02% to 168.74 rupees

** Phosphate fertiliser maker reports a 34.1% higher consol net profit of 3.42 billion rupees ($38.91 million); rev from ops increases nearly 49% to 68.72 billion rupees

** More than 6.47 million shares change hands vs 30-day avg of 9.36 million shares

** YTD, stock up ~53%

($1 = 87.8950 Indian rupees)

 (Reporting by Mridula Kumar)

 ((Mridula.kumar@thomsonreuters.com))

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