Coromandel International

Coromandel International jumps 6% on MoU with Saudi Arabia's Ma'aden

At 10:23 AM on Friday, Coromandel International's stock was quoting at ₹2,126.20, up 6.06 per cent on the National Stock Exchange

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

NACL zooms over 100% in 1 month as Coromandel set to acquire majority stake

Synergies from Coromandel and NACL's combined sourcing, consolidation of R&D, benefits from the management's expertise and financial reputation shall improve NACL's business profile.

NACL stock soars 60% in 4 days on Coromandel's plan to buy majority stake

The stock price of NACL has surged 16% to Rs 107.40 in intra-day trade on Monday and zoomed 99% thus far in the month of March.

Coromandel International to acquire 53% stake in NACL for Rs 820 crore

Proposed acquisition will position Coromandel as one of the leading players in Indian crop protection industry

Coromandel Int'l buys 53% stake in agro-chemical firm NACL for Rs 820 cr

Coromandel International Ltd has acquired a majority 53 per cent stake in agro chemical firm NACL Industries Ltd for Rs 820 crore and will launch an open offer to buy an additional up to 26 per cent of equity. In a regulatory filing on Wednesday, Coromandel International said the board has "approved the acquisition of 10,68,96,146 equity shares of the NACL Industries, representing 53.13 per cent of the paid up equity share capital..." A share purchase agreement has been signed amongst Coromandel International, NACL Industries Ltd, the seller (i.e, KLR Products Ltd); K Lakshmi Raju (being a promoter) and Bright Town Investment Advisor Pvt Ltd (being a member of the promoter/promoter group of the target). Coromandel International, one of the leading agri-solutions providers, has signed definitive agreements to acquire majority stake in NACL Industries. "Coromandel is set to acquire 53 per cent shareholding in NACL industries, for consideration of Rs 820 crore at Rs 76.7 per share fr

Coromandel International to double sulphur fertiliser capacity in Vizag

Coromandel International Ltd, part of the diversified conglomerate Murugappa Group, has set a target to double the sulphur manufacturing capacity to 50,000 metric tonne and has opened the second manufacturing plant in Andhra Pradesh in this connection, a top official said. The facility in Visakhapatnam is aimed at ensuring a steady supply of high-quality Bentonite Sulphur fertilisers to the farmers. The production unit is the company's wholly backward integrated facility and produces approximately 12 LMT of complex fertilisers along with Phosphoric and Sulphuric acid. The site also hosts a Sulphur Fertiliser plant with 25,000 MT production capacity. "With the inauguration of this new plant, the company's Sulphur fertiliser capacity is doubled," a company statement here said on Thursday. Coromandel International Ltd Managing Director and CEO S Sankarasubramanian said, "At Coromandel we believe in delivering innovative and sustainable Agri-solutions to the farmers. By continuously ..

Coromandel International Q3: Net profit more than double to Rs 508 cr

The company's total income for the quarter ended December 2024 was Rs 7,049 crore versus Rs 5,523 crore for the quarter ended December 2023, up 28 per cent

Ajit Mishra of Religare Broking says buy Coromandel, Granules stocks today

Nifty Today, Stocks to Buy Today: The Nifty has breached a critical support level at 24,300, and the sharp decline in the banking sector is exacerbating the weakness

Why fertiliser shares zoomed up to 7% in trade on Dec 17; check reason here

The catalyst for this rally in fertiliser shares was the anticipated increase in the price of Di-Ammonia Phosphate (DAP), the second most widely used fertiliser in India after urea

Stock market crash over? Mid-, Small-caps surge; 5 key scrips to track

Broader indices have outperformed the Sensex and Nifty amid the recent market recovery, rallying up to 12% from November lows. These 5 mid-, small-cap stocks could swing up to 19% from present levels.

Coromandel Int'l, IFDC join hands to boost innovation in fertiliser sector

The collaboration marks a significant step towards addressing critical challenges in agriculture by introducing next-generation fertilisers

Ajit Mishra of Religare Broking suggests buying these three stocks on Nov 7

The Nifty has retested resistance at the 24,500 mark after two days of recovery, and sustaining this level could lead to a further rise toward 24,800

Coromandel International to acquire additional 8.82% stake in BMCC

Agro-chemicals firm Coromandel International on Wednesday announced the acquisition of an additional 8.82 per cent equity stake in Senegal-based rock phosphate mining company BMCC through its wholly-owned subsidiary. With this, the company's overall shareholding in Baobab Mining and Chemicals Corporation (BMCC) will increase to 53.8 per cent. "Coromandel will invest USD 3.84 million (Rs 32 core) in BMCC, besides a loan infusion of USD 6.5 million (Rs 54 crore) to fund expansion projects and meet working capital requirements," Coromandel International said in a statement. Rock phosphate is a critical raw material for manufacturing Phosphoric Acid, an intermediate used for Phosphatic fertiliser production. BMCC, incorporated in 2011, has a renewable exploitation permit for processing phosphate ore and Coromandel acquired a 45 per cent stake in September 2022. The company has since stabilised mining operations and is currently commissioning a fixed processing plant to optimise rock ..

Generative AI triggers rise of Gen Z, millennial mentors in India Inc

Companies tapping younger workforce to bring senior colleagues up to date with GenAI, social media and consumer trends

Coromandel Int'l stock hits all time high on resuming ops at Chennai plant

Coromandel International stock rose as much as 5.60 per cent in intraday deals to hit a fresh all time high of Rs 1,779.90 per share.

Coromandel Intl bets big on agricultural drone market through Dhaksha

According to the company, by 2030, the country's drone market is expected to grow to around $3 billion in size, compared to around Rs 800-900 crore now

Coromandel International Q1 results: Profit drops 37.1% to Rs 311 cr

The company's net profit after tax fell to Rs 311 crore ($37.05 million) for the April-June quarter from Rs 494 crore a year earlier

Coromandel International board appoints Sankarasubramanian as new MD & CEO

Prior to this, Sankarasubramanian was the executive director - nutrient business of the company

Are chemical & fertiliser shares ready for fresh rally? Key levels here

Chemical & fertiliser stocks rallied up to 30 per cent in June, thereafter, most of them corrected on account of profit-taking. Will the rally resume in July? Here's what the technical charts suggest.