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Latest news about Coromandel International

Coromandel International Seeks Shareholder Approval for Executive Chairman's Re-appointment and Rs 160 Crore Loan to Subsidiary 3 days ago

Coromandel International Limited has announced two key corporate actions via postal ballot. The company is seeking shareholder approval to reappoint Mr. Arun Alagappan as Whole-time Director and Executive Chairman for a five-year term from February 2026, with a proposed remuneration package including a basic salary of Rs. 33,48,000 per month. Additionally, the company is requesting approval to provide a loan of up to Rs. 160 crores to its subsidiary, NACL Industries Limited, for financial strengthening and operational needs. Shareholders can vote through remote e-voting from November 6 to December 5, 2025.

Coromandel International Reports Q2 FY26 Results and Announces Postal Ballot for Key Approvals 9 days ago

Coromandel International Seeks Reclassification of Two Promoter Group Entities Sep 26, 2025

Coromandel International Approves TMAP Plant, Appoints New Senior Management, and Seeks Reclassification of Promoter Group Companies Sep 22, 2025

Coromandel International Receives Reclassification Request from YCAS Following Shareholding Dilution Sep 17, 2025

More news about Coromandel International

05Sept 25

Coromandel International Unveils Rs 50 Crore Nano Fertiliser Plant in Andhra Pradesh

Coromandel International has commissioned a new nano fertiliser plant in Kakinada, Andhra Pradesh, with an investment of Rs 50 crores. The facility has a daily production capacity of 30 KL and an annual output of 10,000 KL. The company has developed Nano DAP and Nano Urea through its in-house R&D center. These nano fertilisers are designed to optimize nutrient delivery and absorption, potentially reducing conventional fertiliser imports and improving crop yields. The strategic location in Kakinada allows Coromandel to serve demands across India efficiently.

08Aug 25

Coromandel International Completes 53.08% Stake Acquisition in NACL Industries

Coromandel International Limited has completed the acquisition of a 53.08% stake in NACL Industries Limited, purchasing 10,69,07,146 equity shares. The transaction, finalized on August 8, 2025, makes Coromandel the promoter of NACL Industries, which becomes its subsidiary. Dr. Raghuram Devarakonda resigned as Executive Director of Coromandel to join NACL Industries' Board. The acquisition complies with SEBI regulations and is expected to strengthen Coromandel's position in the agrochemical sector.

05Aug 25

Coromandel International Receives SEBI Nod for Open Offer to Acquire 26% Stake in NACL Industries

Coromandel International has received final comments from SEBI on its Draft Letter of Offer to acquire up to 26% of NACL Industries Limited's voting share capital. The open offer targets 5,24,62,320 equity shares with a face value of INR 1.00 each. SEBI's approval on August 5, 2025, allows Coromandel to proceed with the acquisition process, adhering to SEBI Takeover Regulations. The company has disclosed this development to stock exchanges in compliance with regulatory requirements.

28Jul 25

Coromandel International Navigates Input Cost Pressures, Maintains EBITDA Outlook

Coromandel International faces rising costs for sulfur and sulfuric acid but maintains a positive outlook. The company implements procurement efficiencies to offset impacts and expects stable EBITDA of ₹5,000 per metric ton for manufactured products. Its subsidiary BMCC aims to achieve 300,000-400,000 tons of rock phosphate output by FY26. Despite challenges, Coromandel reports significant financial growth with revenue up 48.99% to ₹7,126.00 crore, EBITDA up 59.04% to ₹865.80 crore, and net profit up 62.23% to ₹501.60 crore. The operating profit margin improved to 11.11%, a 7.14% increase year-over-year.

24Jul 25

Coromandel International Reports Strong Q1 Results, Expands Stake in Senegal Mining Subsidiary

Coromandel International Limited reported strong Q1 FY results with a 62.4% increase in consolidated net profit to ₹505.01 crore. Revenue rose 48.9% to ₹7,042.30 crore, while EBITDA grew 52.9% to ₹780 crore. The company plans to acquire an additional 17.69% stake in Baobab Mining and Chemicals Corporation (BMCC) in Senegal for USD 7.70 million, increasing its ownership to 71.51%. Coromandel also approved a ₹137 crore investment for a new bagging plant in Kakinada with a capacity of 3,888 MTPD.

03Jul 25

Coromandel International Shares Surge 4% on CCI Approval for NACL Acquisition

Coromandel International's shares increased by 4% to Rs 2,369.40 after the Competition Commission of India (CCI) approved its acquisition of a 53.13% stake in NACL Industries. The deal involves purchasing 10.69 crore equity shares from various entities and 11,000 shares from public shareholders. This strategic move is expected to strengthen Coromandel's position in the agrochemical market.

09May 25

Coromandel International's Subsidiary Forms Strategic Joint Venture for Gypsum Products

Coromandel International Limited's subsidiary, Coromandel Chemicals, has formed a joint venture with Sakarni to manufacture and sell phospho-gypsum-based products. Coromandel Chemicals will hold a 60% stake in the venture, while Sakarni will own 40%. This strategic move aims to capitalize on the growing demand in the gypsum plaster market, diversifying Coromandel's product portfolio and potentially creating new revenue streams.

05May 25

Coromandel International Sets Sights on Margin Restoration and Double-Digit Growth

Coromandel International, a leading fertilizer and agri-solutions provider, has announced plans to boost its financial performance. The company aims to restore margins to levels from two years ago through improved procurement efficiencies. It projects high double-digit revenue growth for the upcoming year, driven by a shift towards high-margin products. The company expects strong growth across three key segments: domestic formulation, domestic B2C, and exports, all anticipated to achieve high double-digit growth.

30Apr 25

Coromandel International: Q4 Profit Soars, Declares Dividend and Subsidiary Investment

Coromandel International Limited announced strong Q4 FY25 results with consolidated net profit soaring 261.6% to ₹579.70 crore. Revenue increased by 28% to ₹4,988.40 crore, while EBITDA grew 56% to ₹426.40 crore. The company declared a total dividend of ₹9.00 per share, including a special dividend. The Board approved an equity infusion of up to ₹65.00 crores in a subsidiary for exploring joint ventures in gypsum-based building materials.

09Apr 25

Coromandel International Inks Strategic MoU with Ma'aden for Long-term Fertilizer Supply

Coromandel International Limited has signed an MoU with Saudi Mining Company Ma'aden on April 9, 2025, for long-term supply of DAP and NP/NPK fertilizers. This partnership aims to ensure stable supply of essential fertilizers to Indian agriculture, addressing recent global supply disruptions. The collaboration builds on Ma'aden's existing role as Coromandel's ammonia supplier and may expand to include R&D and innovation in sustainable farming practices.

19Mar 25

Coromandel International Poised to Benefit from Extended Urea Import Permission

The Indian government has extended permission for India Potash to import urea until March 2026. This decision could benefit Coromandel International Limited, a major player in the fertilizer industry. The extended import permission may lead to supply chain stability, stronger market positioning, and improved long-term planning for the company. This move reflects the government's commitment to ensuring a stable supply of essential agricultural inputs, which is crucial for India's food security and agricultural productivity.

13Mar 25

Coromandel International Set to Become a Leading Crop Protection Player with NACL Industries Acquisition

Coromandel International Limited has agreed to acquire a 53% stake in NACL Industries Limited for Rs 820 crores, at Rs 76.7 per share. The deal includes an open offer for an additional 26% stake. This acquisition will significantly expand Coromandel's presence in the crop protection industry, enhancing its product portfolio, manufacturing capabilities, and market reach both domestically and internationally. The combined entity is expected to benefit from synergies in R&D, manufacturing, and go-to-market strategies. The transaction, subject to regulatory approvals, is anticipated to complete by Q1 or Q2 of FY2025-26.

12Mar 25

Coromandel International Inks Deal to Acquire Majority Stake in NACL Industries, Poised to Become a Leading Crop Protection Player

Coromandel International Limited has signed agreements to acquire a 53.13% stake in NACL Industries Limited for ₹820 crore, at ₹76.70 per share. The acquisition includes 10,68,96,146 equity shares from the current promoter and an open offer for up to 26% of NACL's equity share capital. This strategic move will expand Coromandel's product portfolio, enhance manufacturing capabilities, strengthen R&D, broaden market reach, and provide entry into contract manufacturing. The transaction is subject to regulatory approvals and is expected to position Coromandel as a leading player in the Indian Crop Protection industry.

11Mar 25

Coromandel International Witnesses Significant Block Trade on NSE

A significant block trade of Coromandel International Ltd. shares occurred on the NSE, involving 152,682 shares at Rs. 1,731.25 per share, totaling Rs. 26.43 crores. The transaction, likely involving institutional investors or high net-worth individuals, has drawn market attention due to its size. While the identities of the parties remain undisclosed, such trades can potentially signal shifts in institutional holdings or strategic moves by large investors.

28Feb 25

Coromandel International Sees Significant Block Trade on NSE

A significant block trade of Coromandel International Ltd. shares occurred on the National Stock Exchange. 103,868 shares were traded at Rs. 1,635 per share, totaling Rs. 16.98 Crores. The identities of the buyer and seller remain undisclosed. This large transaction has drawn market attention, potentially signaling shifts in institutional ownership or investor sentiment towards the leading Indian fertilizer and agri-business company.