Coromandel Fertilisers plans 500 Crore expansion

Coromandel Fertilisers Limited, part of the Rs. 17,000 crore Murugappa Group, has announced plans for setting up a Greenfield Single Super Phosphate Plat at Punjab with an estimated Rs. 116 crore.

The plant has been finalised in the light of the ballooning prices of phosphate fertilisers and the 800 tonne per day plant including 400 TPD granulator plant is expected to be ready within two years, Coromandel Fertilisers Chairman A. Vellayan said.

Plans were underway to invest another Rs. 350 crore to develop third train of production line at the company’s Kakinada plant with an aim to enhance production from 32 lakh to 40 lakh tonne by the end of financial year 2013-14.