Chennai, November 16, 2023: Coromandel International Limited (BSE: 506395, NSE: COROMANDEL), India’s leading agri solutions player, has today unveiled its Coromandel Nanotechnology Center at Coimbatore, Tamil Nadu, which will support its efforts towards development of wide range of nano-enabled agro-inputs for plant nutrition and crop protection. The Center will be the sixth R&D facility of Coromandel and the second Tech Centre which will focus on development of next-generation agri-inputs, the first being Coromandel’s research facility in Monash Academy, IIT Bombay.
The Nanotechnology Center is fully equipped with high-end equipment & research tools for carrying out cutting edge R&D work for synthesis, characterization, biosafety testing and evaluation of nano-products. The Center will facilitate wider application of nano-inputs in agriculture by disseminating scientific data and knowledge to farmers, scientists and policy makers. The Center will also serve as the central laboratory for all nano-products of Coromandel to ensure full compliance with regulatory guidelines. It will also have the capability to develop wide range of bioproducts.
Earlier this year, the company launched Nano DAP, which has received encouraging response from the farming community. Recently, it has also developed unique Nano Urea formulation containing 12% N (w/w), which is undergoing extensive farmer trials. The company is in the process of setting up an integrated Nano products manufacturing facility at Kakinada.
Speaking on the occasion, Coromandel’s Executive Vice Chairman Mr. Arun Alagappan said, “The Coromandel Nanotechnology Center is a unique facility established to drive Coromandel’s efforts in nanotechnology in agriculture. This will enable high quality research in nano space and is in line with various Government initiatives to promote innovation and use of technology. This is a major step towards strengthening India’s R&D capabilities for development of efficient plant nutrition and protection solutions.”
About Coromandel
Coromandel International Limited is amongst India's pioneers and leading Agri solutions provider, offering diverse products and services across the farming value chain. It operates in two major segments: Nutrient and other allied businesses and Crop Protection. These include Fertiliser, Crop Protection, Bio Products, Specialty Nutrients and Organic businesses. The Company is 2nd largest manufacturer and marketer of Phosphatic fertiliser in India. The Company's Crop Protection products are marketed in India as well as in international geographies, offering wide range of technical and formulation products. The Specialty Nutrients business of the Company focuses on water soluble fertiliser and secondary & micronutrients segments. The Company is leading marketer of Organic fertiliser in India. The Bio Products business of the company focusses on plant extractions for various applications. It also operates a network of around 750+ rural retail outlets across Andhra Pradesh, Telangana, and Karnataka. Through these Retail outlets, the Company offers farming services including crop advisory, soil testing and farm mechanization to around 3 million farmers. The Company has a strong R&D and Regulatory setup, supporting the businesses in process development and new product introduction. The Company has 18 manufacturing facilities, producing wide range of Nutrient and Crop Protection products, which are marketed through an extensive network of dealers and its own retail centres.
The Company clocked a turnover of Rs.29,799 Crores during FY22-23. Its efforts towards environment have been well recognized by international organizations like UNDP and has also been voted as one of the ten greenest companies in India by TERI. Coromandel is a part of the INR 742 billion (INR 74,220 Crores) of the Murugappa Group.
For more details, visit https://www.coromandel.biz/
About Murugappa Group
A 123-year-old conglomerate with presence across India and the world, the INR 742 billion Murugappa Group has diverse businesses in agriculture, engineering, financial services and more.
The Group has 10 listed companies under its umbrella — Carborundum Universal Limited, CG Power & Industrial Solutions Limited, Cholamandalam Financial Holdings Limited, Cholamandalam Investment & Finance Company Limited, Cholamandalam MS General Insurance Company Limited, Coromandel International Limited, Coromandel Engineering Limited, EID Parry (India) Limited, Shanthi Gears Limited, Tube Investments of India Limited and Wendt India Limited. Brands such as Ajax, Hercules, BSA, Montra, Montra Electric, Mach City, Gromor, Paramfos, Parry’s are part of the Group’s illustrious stable.
Abrasives, technical ceramics, electro minerals, electric vehicles, auto components, fans, transformers, signalling equipment for railways, bicycles, fertilisers, sugar, tea and several other products make up the Group’s business interests.
Guided by the five lights — integrity, passion, quality, respect and responsibility — and a culture of professionalism, the Group has a workforce of over 73,000 employees
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