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Coromandel International has inked a deal worth ₹2,000 crore with Andhra Pradesh Economic Development Board.
Coromandel International is an agri-solutions company that offers products like fertilizers, crop protection products, specialty nutrients, and organic fertilizers.
The deets: under the agreement, the company will build a new fertiliser manufacturing plant in Andhra Pradesh, while also investing in green ammonia and green hydrogen production. The deal further includes expanding its overall fertiliser capacity to meet demand.
Why it matters: this move aligns with Andhra Pradesh’s broader push to attract $1trillion in investments. The state's agricultural sector is growing at 8.8%, driven by rapid adoption of biotech solutions. The state is also tapping into the National Green Hydrogen Mission (NGHM) with plans to scale up green hydrogen and green ammonia production.
Coromandel International’s proposed investment positions the company to deepen its presence in Andhra Pradesh and ride this wave of government-led momentum.
ScanX.trade
