Latest news with #CoromandelInternationalLimited
Hans India
30-05-2025
- Business
- Hans India
Students join water conservation drive
Visakhapatnam: Reaffirming its commitment to environmental sustainability and as part of 'World Water Day 2025', Coromandel International Limited, Visakhapatnam, organised various contests, including drawing and essay writing, and engaged students in a range of water conservation awareness initiatives. The event witnessed enthusiastic participation from over 100 students, including children of employees and students from GVMC High School, Sriharipuram. The event began with the inauguration of 'Neer Thottam' (Water Garden), a specially developed water-themed garden, in the presence of Gnanasundaram M, Vice President of the company; D. Nagaraju, Head – Manufacturing; Nagarjuna, Manager – Environment, Health and Safety (EHS); and other officials. Speaking about the initiative, Arun Leslie George, President and CHRO of Coromandel International, said, 'Engaging with young minds on environmental issues like water conservation is vital for shaping a sustainable future. Activities such as drawing and essay competitions help foster awareness, creativity, and responsibility among students.' The winners of the competitions were felicitated for their creative and thoughtful contributions.
Hans India
17-05-2025
- Hans India
PD Act for Fake Seed Sellers: Gadwal Collector Issues Stern Warning
Gadwal: District Collector B.M. Santosh has issued a stern warning to seed dealers, holding them fully accountable for preventing the circulation of counterfeit seeds in the district. He emphasized that farmers' hard work and investment must not be wasted due to the sale of fake or substandard seeds. The Collector was speaking on Saturday at the distribution ceremony of e-POS machines held at the IDOC meeting hall. The program was organized under the Agriculture Department, with the support of Coromandel International Limited. District Superintendent of Police Srinivas Rao also attended and addressed the gathering. 'In view of early monsoon predictions, farmers are getting ready for the Kharif season, especially for cotton cultivation. Dealers must ensure the sale of only certified and high-quality seeds approved by the government,' the Collector said. He warned that any attempt to sell fake seeds or create artificial scarcity of seeds and fertilizers would not be tolerated. Surprise inspections will be carried out, and strict legal action including invoking the PD Act will be taken against violators, he added. He called for increased awareness among farmers to identify genuine seeds and cautioned dealers against selling seeds at inflated prices. He said 511 seed dealers were being equipped with new e-POS machines to enhance transparency in seed sales, courtesy of Coromandel International. SP Srinivas Rao echoed these sentiments and said, 'The police will work in coordination with agriculture officials to monitor and curb the supply of fake seeds. Farmers must not fall victim to fraudulent practices.' He revealed that numerous cases were filed in previous years, but due to aggressive enforcement, such cases have now declined. To restrict the inflow of uncertified paddy seeds from other states, six check posts have been established at district borders. He reiterated that any person found selling or distributing counterfeit seeds would face prosecution under the PD Act. The event was attended by District Agriculture Officer Sakriya Naik, Assistant Director of Agriculture Sangeetha Lakshmi, District Cooperative Officer Srinivas, DSP Mogulayya, Mandal Agriculture Officers, Coromandel representative Govind Rao, and several dealers from across the district. For complaints or to report fake seeds: Call Agriculture Helpline or nearest police station immediately.
Hans India
14-05-2025
- Business
- Hans India
Coromandel Chemicals Enters Joint Venture with Sakarni Plaster for Phospho Gypsum-Based Green Building Materials
Coromandel Chemicals Limited, a wholly-owned subsidiary of Coromandel International Limited, has signed definitive agreements to form a joint venture with Sakarni Plaster for the manufacture and sale of Phospho Gypsum-based Green Building Materials. This Joint Venture enables Coromandel to diversify beyond its core agri-inputs business, enhance integration synergies and create long-term value. For Sakarni, the alliance facilitates expansion of its product portfolio, market diversification and reinforces its leadership in the gypsum plaster industry. Aligned with the Circular Economy initiative of the Government of India, this venture is India's first large-scale initiative to promote sustainable Green Building Products. The joint venture aims to capitalize on the rapidly expanding gypsum plaster market, driven by a growing construction sector, the rising need for affordable housing and demand for eco-friendly, durable building materials. Phospho Gypsum products have a significantly lower carbon footprint compared to natural gypsum by avoiding mining activity, reducing environmental load and contributing positively towards waste to wealth goals under Circular Economy framework. The Joint Venture also complements the Government of India's push towards import substitution, self-reliance in raw materials and responsible waste management as articulated under the DPIIT's circular economy roadmap. The state-of-the-art manufacturing facility will be established by the Joint Venture in Visakhapatnam, adjacent to Coromandel's fertilizer plant, ensuring reliable feedstock availability through gypsum generated as a by-product from fertilizer operations. S Sankarasubramanian, Managing Director and CEO of Coromandel International Limited, stated: "The joint venture represents a strategic move for Coromandel in advancing our sustainability and circular economy goals. By creating value from industrial by-products and diversifying into green construction materials, we are leveraging adjacent synergies to unlock new growth avenues. This collaboration also aligns with the Government's Atmanirbhar Bharat vision by promoting local manufacturing, reducing import dependence, and supporting environmentally responsible alternatives. By combining Coromandel's manufacturing strength with Sakarni's market leadership, we aim to deliver high-quality, eco-friendly gypsum solutions that meet the evolving needs of India's housing and infrastructure sectors.'
United News of India
30-04-2025
- Business
- United News of India
Coromandel International Q4FY25 net profit jumps to Rs 578 cr
Hyderabad, Apr 30 (UNI) Coromandel International Limited, one of India's leading Agri-solutions providers, on Wednesday reported that its consolidated net profit jumped to Rs 578 crore for the quarter ended March 31, 2025, from Rs 164 crore in the corresponding quarter in previous year. The company's consolidated total income during the quarter was Rs. 5,114 crore as compared Rs. 3,996 crore in Q4 of previous year, the company said in a statement. However, for the year ended March 31, 2025, the company's consolidated net profit was Rs. 2,055 crore as against Rs. 1,641 crore in previous year.. The Company operates across diverse segments including Fertilisers, Crop Protection Chemicals, Bio Products, Specialty Nutrients, and Organic Fertilisers. Coromandel has also strengthened its presence in the Agri-retail sector and made significant strides in the emerging Agri-drone spraying services. The Board of Directors of the company has approved the financial results of the company for the quarter and year ended 31st March 2025. Additionally, the Board has recommended a final dividend of Rs. 9 per share (900% on face value of Rs. 1 per equity share) for the financial year 2024-25. The Board has also approved the appointment of Natarajan Srinivasan as Executive Vice Chairman. Commenting on the financial results, S Sankarasubramanian, Managing Director & CEO, Coromandel International Limited said, We are pleased to report a strong performance for FY24-25, driven by sustained momentum across our businesses. Our growth was supported by higher sales volumes, improved operational efficiency, and disciplined execution of strategic initiatives. Our Nutrient and Crop Protection segments witnessed robust growth, complemented by encouraging farmer response to our new initiatives like Gromor Drive – Agri drone spraying and Nano fertilisers. The Retail business expanded its footprint with 100 new stores and entry into Maharashtra and Tamil Nadu, crossing the 900-store mark, he said. On the manufacturing front, rock production at our mining site BMCC, Senegal stabilised, and we increased our stake to 53.8 percent. The upcoming Phosphoric acid and sulphuric acid project at Kakinada (Andhra Pradesh) is progressing as per plan and will be commissioned early next year, Sankarasubramanian said. Alongside this, the setting up of the new Granulation Train at Kakinada aligns with our commitment to ensure availability of high-quality NPK fertilisers to the farming community across India. These projects are aligned with our vision of achieving greater self-reliance in phosphatic fertilisers and building a more resilient, integrated supply chain, the Coromandel International CEO said. In Crop Protection, capacity enhancements at Dahej and the new plant at Ankleshwar are building scale, while the NACL acquisition will expand our product portfolio and market presence internationally, he added. UNI KNR CS
