Coromandel International Limited Receives Order from the Government of Andhra Pradesh Extending Capital and Other Subsidies in the State Towards the Expansion of the Fertilizer Manufacturing Facility at Kakinada
Coromandel International Limited has received an order from the Government of Andhra Pradesh extending capital and other subsidies in the State for the proposed investment of INR 15,390 million towards the expansion of the fertilizer manufacturing facility at Kakinada. The Industries & Commerce (P&I) Department of the Government of Andhra Pradesh, vide Government Order dated February 10, 2025 has extended Incentive of 45% of eligible Fixed Capital Investment subject to certain compliances and conditions. The incentives shall be made applicable subject to the Company adhering to the definite timelines for implementation of the project and investment and employment commitment from the company.
Coromandel International Limited is engaged in the manufacturing and trading of farm inputs consisting of fertilizers, crop protection, specialty nutrients and organic compost. The Company's segments include Nutrient and other allied businesses, and Crop Protection. The Company’s fertilizers products include GroShakti Plus, Grosmart, Paramfos, Gromor 15-15-15-09, Godavari Ultra DAP, Gromor / Godavari DAP, Gromor MOP, Gromor Urea, and others. Its speciality nutrients products include Acumist Calcium, AcuMist Zinc, Sulphamax, and others. Its crop protection products consist of insecticides, fungicides, herbicides, plant growth regulators and bio-products. It offers organic fertilizers derived from natural sources like city waste (organic portion only), sugarcane molasses and its by-products, oil cakes and gypsum. The Company operates a network of over 900 rural retail outlets across India.
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Coromandel International Limited Receives Order from the Government of Andhra Pradesh Extending Capital and Other Subsidies in the State Towards the Expansion of the Fertilizer Manufacturing Facility at Kakinada
