Leading Agri Player Signs MoU Securing Long-Term Fertiliser Supply Through 2 Strategic Global Partnerships
The stock price of the Coromandel International has given 73 per cent while the BSE Sensex has given negative 1.12 per cent in the last year.
Coromandel International Limited, a leading agri-solutions provider in India, and Ma'aden, a major global producer of phosphate fertilisers, have strengthened their partnership by signing a Memorandum of Understanding (MoU) for the long-term supply of Di-Ammonium Phosphate (DAP) and NP/NPK fertilisers.
The MoU was signed on April 9, 2025, by Mr. Narayanan Vellayan, Director - Strategic Sourcing, Coromandel International Limited, and Mr. Saud Al Tamimi, Director - Fertiliser Sales Commercial, Phosphate Business Unit, Ma'aden. This agreement builds on the longstanding relationship between Coromandel and Ma'aden, with Ma'aden being a trusted supplier of ammonia to Coromandel. The new MoU aims to secure a reliable and sustainable supply of essential fertilisers for Indian agriculture.
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Mr. Narayanan Vellayan emphasized the importance of the partnership in ensuring timely availability of DAP and complex fertilisers to Indian farmers, especially given recent global supply disruptions. Mr. Saud Al Tamimi reaffirmed Ma'aden's commitment to India and highlighted Ma'aden's expansion of production capacity to meet the growing needs of the Indian agriculture sector.
The signing ceremony was presided over by Mr. S. Sankarasubramanian, Managing Director & Chief Executive Officer, Coromandel International Limited, and Mr. Anas Al Bassam, Senior Vice President - Commercial, Phosphate Business Unit, Ma'aden. Both leaders expressed their intent to broaden the partnership to include collaboration in R&D, innovation, and speciality products for sustainable farming practices.
Senior officials from both companies participated in the ceremony, underscoring their commitment to strengthening the strategic partnership and supporting India's food security.
About Coromandel International Limited
Coromandel International Limited is a leading agri-solutions provider in India, offering a range of products and services across the farming value chain. The company operates in two main segments: Nutrient and other allied businesses, and Crop Protection. Coromandel is the 2nd largest manufacturer and marketer of phosphatic fertilisers in India. The company also has a strong presence in crop protection products, specialty nutrients, organic fertilisers, and bio products. It has a network of over 900 rural retail outlets and serves around 3 million farmers. Coromandel has 18 manufacturing facilities across India and recorded a turnover of Rs. 22,290 Crores in FY23-24. Coromandel is part of the Rs 778 billion (Rs 77,881 Crores) Murugappa Group.
The stock price of the Coromandel International has given 73 per cent while the BSE Sensex has given negative 1.12 per cent in the last year. The stock has given 139 per cent returns in 3 years and 285 per cent in last 5 years. The company has been maintaining a healthy dividend payout of 17.1 per cent.
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Disclaimer: The article is for informational purposes only and not investment advice.