COMPANY NEWS


Coromandel International Ltd
BSE Code 506395 ISIN Demat INE169A01031 Book Value (₹) 319.36 NSE Symbol COROMANDEL Div & Yield % 0.49 Market Cap ( Cr.) 36,270.96 P/E * 21.1 EPS * 58.39 Face Value (₹) 1
* Profit to Earning Ratio
* Earning Per Share
Coromandel International commissions its third Sulphuric Acid Plant Back
(18 Oct 2023)
Coromandel International has commissioned its state-of-the-art Sulphuric Acid plant today. With this, the company has further strengthened its backward integration capabilities to drive self-sufficiency in its operations.

This is the company's third Sulphuric Acid Plant and is located at its fertiliser complex in Visakhapatnam. The plant has been set up with an investment of Rs 400 crore with the production capacity of 1,650 metric tonnes per day. With this, Coromandel's Sulphuric acid capacity will increase to 11 lakh tonnes per annum from 6 lakh tonnes per annum, supporting its requirement towards downstream processes involving Phosphoric acid and Phosphatic Fertilizer production.

In addition to the Sulphuric Acid, the Company has setup a 6 MLD desalination plant to meet its additional water requirements. It has partnered with Veolia Water Technology and Solutions, a global leader in water and wastewater treatment industry.