Coromandel International Limited is expanding its backward integration strategy to strengthen raw material security. The company has already set up sulphuric and phosphoric acid plants at its Visakhapatnam unit, which improved self-sufficiency and cut costs. Now, Coromandel is building a 2,000 TPD sulphuric acid plant and a 650 TPD phosphoric Read more
Coromandel International Limited has announced a brownfield expansion at its Kakinada plant. With this investment, the unit will become India’s largest phosphatic fertiliser complex. The project includes a new NPK granulation train with an annual capacity of 7.5 lakh tonnes. After completion, the total capacity at the Kakinada site will Read more
The Parliamentary Standing Committee on Chemicals and Fertilizers has rejected the Finance Ministry’s move to classify the fertiliser sector as “non-strategic” for disinvestment. Instead, the Committee urged the government to revive and modernize central public sector enterprises (PSUs) in the fertiliser industry before considering any stake sale. In a report Read more
The Indian fertiliser industry struggles under the current Goods and Services Tax (GST) system. Phosphatic and Potassic (P&K) fertilisers face only 5% GST, but essential raw materials such as ammonia and sulphuric acid attract 18%. Packing materials and other inputs also fall in higher tax slabs. This imbalance creates a Read more
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