Coromandel International Limited has informed that the board of directors at their meeting held on January 30, 2024, has approved setting of new Phosphoric Acid and Sulphuric Acid Plants at Kakinada, Andhra Pradesh with a total investment of Rs. 1,029 crores.

The existing capacities of the plant - Phosphoric Acid (1,550 TPD) Tonnes Per Day (TPD) and Sulphuric Acid (4,200 TPD) and presently has reached 100% capacity utilisation. The proposed capacity addition is Phosphoric Acid (750 TPD) and Sulphuric Acid (1,800 TPD) and the period within which the proposed capacity is to be added is 24 months.

Total investment is Rs. 1,029 crores and mode of financing is through internal accruals/loans. The rationale for the new project is to reduce dependence on imports and make Kakinada an integrated facility. The proposed investment is in line with the company’s long-term objectives to secure key raw materials for fertiliser production.

Coromandel International is India’s pioneer and leading agri-solutions provider, offering diverse products and services across the farming value chain.