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Coromandel International Ltd.

BSE: 506395 Sector: Agri and agri inputs
NSE: COROMANDEL ISIN Code: INE169A01031
BSE LIVE 15:43 | 09 Dec 283.90 14.00
(5.19%)
OPEN

272.00

HIGH

284.75

LOW

272.00

NSE LIVE 15:57 | 09 Dec 284.00 14.00
(5.19%)
OPEN

271.80

HIGH

284.90

LOW

271.80

OPEN 272.00
PREVIOUS CLOSE 269.90
VOLUME 61923
52-Week high 293.00
52-Week low 146.35
P/E 21.92
Mkt Cap.(Rs cr) 8278.52
Buy Price 284.15
Buy Qty 26.00
Sell Price 0.00
Sell Qty 0.00
OPEN 272.00
CLOSE 269.90
VOLUME 61923
52-Week high 293.00
52-Week low 146.35
P/E 21.92
Mkt Cap.(Rs cr) 8278.52
Buy Price 284.15
Buy Qty 26.00
Sell Price 0.00
Sell Qty 0.00

Coromandel International Ltd. (COROMANDEL) - Company History

Coromandel Fertilisers Ltd, a part of the Murugappa Group of companies is a leading manufacturer of a wide range of fertilisers and pesticides. They are the producer of phosphatic fertilisers, plant protection chemicals, specialty nutrients, and sulphur bentonite, potash. They are in the business of manufacturing and marketing of pesticides, which includes insecticides, fungicides, herbicides and plant biostimulants. Their brand name includes Gromor, Paramfos, Parry Sulphur and Parry Gold. The company's fertilizer plants are located are located at Visakhapatnam And Kakinada in Andhara Pradesh, Ennore and Raniper in Tamil Nadu with a combined production capacity of 23.10 lakh tonnes of complex fertilizers, 8.15 lakh tonnes of DAP and 1.32 lakh tonnes of SSP. They market their products all over India through 13 marketing offices and a network of 7000 dealers and exports pesticides to various countries across the globe. Coromandel Fertilisers Ltd was incorporated in the year 1961, by the synergistic efforts of two major companies of the US namely Chevron Chemical Company and International Minerals and Chemicals Corporation and EID Parry Ltd, a leading business house in India associated with agriculture. Farm Inputs Division of EID Parry India Ltd which is engaged in fertilizers and chemical businesses, merged with the company with effect from April 1, 2003. During the year 2003-04, the company acquired 25.88% share of Godavari Fertilisers and Chemicals Ltd from the Government of Andhra Pradesh through a competitive bidding process. Also, the company acquired 14.93% of the equity capital from the shareholders of Godavari Fertilisers and Chemicals Ltd through a public offer. During the year 2004-05, the company entered into Business Assiantance Agreement with Foskor Pty Ltd, South Africa in which the company provides the technical and managerial assistance to Foskor for three years. In May 2006, the company entered into a Share Purchase Agreement for acquiring 50.27% of the equity capital of Ficom Organics Ltd, from their promoters. FICOM manufactures Technical Grade Pesticides at their unit located at Ankleshwar in Gujarat. During the year 2006-07, the company entered into a Shareholders Agreement with Groupe Chimique Tunisien, Campagnie Des Phosphates De Gafsa and Gujarat State Fertilisers and Chemicals Ltd for setting up a Joint Venture company named Tunisian Indian Fertilisers S.A at Tunisia for manufacturing phosphoric acid. The plant will expect to be commissioned by 2010. Ficom Organics Ltd and their wholly owned subsidiary company Rasilah Investments Ltd amalgamated with the company during the year. During the year 2007-08, Godavari Fertilisers And Chemicals Ltd was amalgamated with the company with effect from April 1, 2007. Also, the company set up 20 Rural Retail Centres in the name and style of 'Mana Gromor Centres' in various District Head Quarters of Andhra Pradesh and sold Fertilisers, Pesticides and other products to the rural customers. Also, they provided services such as Technical Training, Soil Testing Facilities etc. through Mana Gromor Centres. In May 2008, the company along with Getex Ocean Trades Pte Ltd, Singapore, formed a joint venture Company with the name Coromandel Getex Phosphates Pte Ltd, in Singapore. In June 2008, they formed a wholly owned subsidiary company, CFL Mauritius Ltd, in Mauritius.

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