Coromandel Int'l signs deal with Saudi Arabia's Ma'aden to get fertilisers

Deal will secure DAP and complex fertilisers for Indian farmers, says Indian company

Coromandel International and Ma’aden, a state-owned company of Saudi Arabia, have strengthened their partnership by signing an agreement for the long-term supply of Di-Ammonium Phosphate (DAP) and NP/NPK (nitrogen, phosphorus, and potassium) fertilisers to the Indian agriculture solutions company.

 

Narayanan Vellayan, director for strategic sourcing at Coromandel International, and Saud Al Tamimi, director – fertiliser sales commercial, phosphate business unit at Ma’aden, signed the agreement on Wednesday, according to a press statement. Ma’aden is a trusted supplier of ammonia to Coromandel and the new agreement marks a “significant milestone in expanding this collaboration, ensuring a reliable and sustainable supply of essential fertilisers to support Indian agriculture”. Ma’aden is one of the world’s largest producers of phosphate fertilisers.

 

 

Vellayan said: "In recent times, DAP [Di-Ammonium Phosphate] availability in India has been impacted due to global supply disruptions. This strategic partnership with Ma’aden is a natural extension of our longstanding relationship and will help Coromandel ensure timely availability of DAP and complex fertilisers to the Indian farming community.

 

“Coromandel, with its close connection to over 4.5 million farmers, remains steadfast in its commitment to Indian agriculture, working alongside Ma’aden as a trusted and sustainable partner."

 

"Ma’aden has been the largest supplier of phosphate fertilisers to India for over a decade. We are expanding our production capacity from 6 million tonnes to 9 million tonnes in the near term, reinforcing our commitment to serve the growing needs of India’s agriculture sector."

 

S Sankarasubramanian, managing director and chief executive officer of Coromandel International Limited, and Anas Al Bassam, senior vice-president – Commercial, Phosphate Business Unit, Ma’aden, presided over the agreement-signing event.

 

Sankarasubramanian and Al Bassam underscored the need to expand their companies’ partnership beyond phosphates and raw materials, focusing on collaborative efforts in research, innovation, and specialty products for sustainable farming practices.