On April 29, 2024, Coromandel International Limited, one of the leading agri solutions providers in India, announced a new project activity to establish its Phosphatic Acid-Sulphuric Acid complex facility at Kakinada, Andhra Pradesh. The company’s Executive Chairman, Mr Arun Alagappan, and Mr S. Sankarasubramanian, Executive Director of Nutrient Business, signed key contracts with global technology partners.
Coromandel International Limited anticipates commissioning the project in the upcoming two years with an estimated outlay of ₹1,000 crore.
The company is planning to establish an 1800 tpd Sulphuric Acid Plant to meet the captive needs in phosphoric acid manufacturing and augment power from waste heat generation. It further added that phosphoric acid and sulphuric acid are used as key intermediates for manufacturing Phosphatic fertilisers like DAP and NPKs.
The company is also considering investment support from the federal and state governments, which might increase the project’s viability and provide a steady supply of essential raw materials used in the production of fertiliser.
“This investment signifies a pivotal moment in Coromandel’s journey towards strengthening its self-sufficiency goals in fertiliser manufacturing. Over the past few years, we have been building our upstream supply chain with investments in mining projects and creating intermediate products’ capacity at Visakhapatnam for Phosphoric and Sulphuric acid,” said Mr Arun Alagappan, Executive Chairman of Coromandel International Limited.
He further added, “ The proposed Plant in Kakinada will be built on par with the best technology standards globally and enable stable supplies of phosphatic fertilisers to the farming community. This is in line with the Government’s vision of “Atma Nirbhar” Bharat in the fertiliser sector besides creating employment opportunities in the state of Andhra Pradesh.”
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