India’s Coromandel to invest Rs 10.29 Bn to increase production capacity

Coromandel International, an agricultural chemicals maker, announced that its board of directors approved a proposal to establish new phosphoric acid and sulphuric acid plants at Kakinada in Andhra Pradesh, investing Rs 10.29 billion.  The board meeting on January 30 sanctioned the proposal, as per a stock exchange filing by Coromandel International. The new plants will … Read more

Coromandel International Ltd Reports 42.6% Net Profit Growth YoY for Q2 FY23

Coromandel International Limited., a Indian fertilizers manufacturer announced its results for the second quarter ended Sept 30, 2022. Q2 Results- QoQ The company’s net profit grew 48.4% to Rs 7.41 billion for the period ended Sept 30, 2022 as against net profit of Rs 4.99 billion for the previous quarter. Net sales increased 75.4% to … Read more

India’s Coromandel to Invest Rs 4 Billion for Sulphuric Acid Plant

Coromandel International, India’s second largest phosphatic fertilizer player and part of Murugappa Group, announced plans to set up 1,650 metric tonnes per day (tpd) sulphuric acid plant at its fertiliser complex in Visakhapatnam at an investment of Rs 4 billion. Announcing the plan, the company also signed technology partnership agreements with MECS (Monsanto Enviro-Chem Systems) … Read more

India’s Coromandel International Reports Rs 337.78 Cr Net Profit in Q1FY21-22

Coromandel International Ltd., a fertilizers manufacturer based in India announced its results for the first quarter ended June 30, 2021. Q1 Results- QoQ The company’s net profit grew 117% to Rs 337.78 crores ($45.3 million) for the period ended June 30, 2021 as against net profit of Rs 155.85 crores ($20.9 million) for the previous … Read more