Subsidiary Dhaksha opens new drone manufacturing facility in Kancheepuram

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AI summary

Coromandel's subsidiary Dhaksha Unmanned Systems inaugurated a new drone manufacturing plant at Aymicheri in Kancheepuram, Tamil Nadu. The facility will support agriculture, defence and enterprise drone segments and includes a dedicated defence production line. Dhaksha also launched two new agri drones, DH Agrigator E10 Prime (aligned with Namo Drone Didi programme) and E10 Eco (for small farmers). Coromandel acquired a major stake in Dhaksha in July 2023. Coromandel reported FY25-26 turnover of Rs 31,827 crore.

Likely market impact

Expands Coromandel's drone business in agri and defence, diversifying beyond its core fertiliser and crop protection operations.