Coromandel International Secures Long-Term Fertiliser Supply Deal with Saudi Arabia’s Ma’aden

Coromandel International Ltd has signed a Memorandum of Understanding (MoU) with Saudi Arabia’s Ma’aden for the long-term supply of Di-Ammonium Phosphate (DAP) and NP/NPK fertilisers. As per the reports, the agreement was signed on April 9 and builds on a long-standing relationship between the two companies.

As of 9:39 AM on April 11, 2025, Coromandel International share price was trading at ₹2080, a 3.76% up, it has gained 23.31% over the past six months and 74.94% over the past year.

Background

Ma’aden has been supplying ammonia to Coromandel for several years. It has also been India’s largest supplier of phosphate fertilisers for over a decade. The new MoU is to support the regular availability of fertilisers in India, which has recently seen supply disruptions.

Ma’aden’s Expansion 

To meet growing demand, Ma’aden is increasing its phosphate fertiliser production from 6 million tonnes to 9 million tonnes. In 2024, the company reported revenue of SAR 39.88 billion (approximately USD 10.72 billion).

Coromandel’s Reach

Coromandel is the second-largest manufacturer and marketer of phosphatic fertilisers in India. It operates in two segments: nutrients and crop protection. The company runs 18 manufacturing facilities and over 900 retail outlets across Andhra Pradesh, Telangana, Karnataka, and Tamil Nadu. Through these outlets, it serves more than 4.5 million farmers.

In Q3 FY25, Coromandel’s consolidated net profit rose 121.6% year-on-year to ₹511.77 crore. Net sales stood at ₹6,935.19 crore, up 26.9% from the previous year.

Conclusion

The agreement secures a long-term fertiliser supply to India and signals continued cooperation between the two companies in different areas, including raw material sourcing and agricultural input support.

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