Coromandel gets first consignment of phosphoric acid from Tunisia

The consignment has arrived in Kakinada

The first consignment of phosphoric acid from Tunisian Indian Fertilisers (Tifert), a Tunisia-based venture of Coromandel International Limited (CIL), has arrived at Kakinada, where CIL's complex fertilisers plant is located.

The Tifert vessel, which left La Skhira Port in Tunisia about a fortnight ago with 31,269 tonnes of phosphoric acid, arrived at Kakinada Port and delivered the CIL’s share of 12,498 tonnes.

It will leave on Thursday for Sikka Port on the west coast to deliver the remaining part of about 18,771 tonnes to Gujarat State Fertilisers and Chemicals Limited (GSFC), the other Indian shareholder of Tifert. Phosphoric acid is a key raw material used in the manufacture of various grades of fertiliser.

Tifert, set up in La Skhira in Tunisia by CIL and GSFC, the partners from India and Groupe Chimique Tunisien (GCT) and Compagnie Des Phosphat De Gafsa (CPG), from Tunisia, (both being Government of Tunisia entities), was inaugurated on July 12, 2013.

 

CIL stated in a press release here on Wednesday that has made an investment in Tifert for securing uninterrupted supply of phosphoric acid for the company’s operations. The company and GSFC have entered into a long term agreement with the Tifert to import the entire production of phosphoric acid directly to India. CIL and GSFC hold 15% each in the share capital of Tifert.