Coromandel International Limited has informed the Exchange about General Updates
COROMANDEL · price
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On the reaction day the stock moved 0.1 pts less than Nifty Midcap 150 and 1.2 pts more than its Fertilizers peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Coromandel International has commenced trial production at its new Phosphoric Acid (PA) and Sulphuric Acid (SA) plants at Kakinada, Andhra Pradesh. The plants will be progressively ramped up to their full rated capacities of 650 tonnes per day (PA) and 2,000 tonnes per day (SA). This development transforms the Kakinada unit into a fully integrated facility, boosting overall production capacity. It also reduces the company's dependency on imports for key raw materials used in fertiliser manufacturing. The commissioning is in line with the company's earlier guidance of Q4 FY 2025-26.
Positive for shareholders — backward integration into PA and SA strengthens raw material security, improves margins potential, and reduces import dependence, supporting long-term cost competitiveness in the fertiliser business.