Coromandel International jumps on unveiling Nano Fertiliser plant in Andhra Pradesh

10 Jun 2024 Evaluate

Coromandel International is currently trading at Rs. 1419.15, up by 26.65 points or 1.91 % from its previous closing of Rs. 1392.50 on the BSE.

The scrip opened at Rs. 1419.85 and has touched a high and low of Rs. 1421.35 and Rs. 1387.80 respectively. So far 7212 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1,421.35 on 10-Jun-2024 and a 52 week low of Rs. 914.90 on 26-Jun-2023.

Last one week high and low of the scrip stood at Rs. 1421.35 and Rs. 1250.00 respectively. The current market cap of the company is Rs. 41578.29 crore.

The promoters holding in the company stood at 57.32%, while Institutions and Non-Institutions held 27.98% and 14.70% respectively.

Coromandel International has unveiled state-of-the-art Nano Fertiliser plant at its Kakinada complex in Andhra Pradesh on June 9, 2024. Coromandel’s Kakinada unit produces a wide range of NPK grades with annual capacity of 2 million MT of fertilisers and caters to the needs of farming community across India. With the commissioning of the new Nano facility at its Kakinada complex, Coromandel has forayed into new generation fertilisers, which have the potential to revolutionise Indian agriculture. 

The new Nano Fertilizer Plant is designed using energy-efficient technologies and has fully automated production line including robotic arm for bottling operations. It has capacity to produce 1 crore bottles of Nano fertilisers per annum and can be scaled up for higher volumes besides producing multiple range of Nano fertilisers. Coromandel has developed Nano fertilisers like Nano DAP and Nano Urea through its in-house Research and Development center at IIT Bombay-Monash Research Academy. The nano-sized fertiliser particles ensure optimal nutrient delivery and absorption by the plants and have the potential to replace the conventional fertilisers while also increasing the crop yield.

Coromandel International is amongst India's pioneers and leading Agri solutions provider, offering diverse products and services across the farming value chain.

Coromandel Interntl. Share Price

1948.30 11.85 (0.61%)
07-Jan-2025 16:59 View Price Chart
Peers
Company Name CMP
National Fertilizers 117.80
Coromandel Interntl. 1948.30
Chambal Fert & Chem 502.10
RCF 180.90
Paradeep Phosphates 123.00
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