Coromandel International Limited has executed a non-binding Memorandum of Understanding (MoU) with the Andhra Pradesh Economic Development Board (APEDB), Government of Andhra Pradesh, on November 13, 2025.

This MoU outlines a proposed investment of up to Rs 2,000 crores subject to necessary approvals, towards various initiatives aligned with the Company's business objectives and aimed at contributing to the industrial development of Andhra Pradesh.

The MoU was signed in the presence of Andhra Pradesh Chief Minister N. Chandrababu Naidu, Arun Alagappan, Executive Chairman at Coromandel International Limited, and Sankar Subramanian, MD & CEO at Coromandel International Limited.

The MoU serves as a framework to facilitate the execution of these projects in a time-bound manner, in accordance with the prevailing policies, rules, and regulations of the Government of Andhra Pradesh.