Page 3 - Coromandel International

IFFCO, Coromandel International to manufacture Nano DAP for 3 years: Govt

Fertiliser cooperative major IFFCO and Coromandel International Ltd (CIL) will manufacture Nano DAP for a period of three years. A notification in this regard was issued on March 2, Minister of State for Chemicals and Fertilisers Bhagwanth Khuba said in his written reply to the Lok Sabha on Friday. Di Ammonium Phosphate (DAP) is the second most widely consumed fertiliser after urea in the country. The minister further said IFFCO has informed that it is setting up a Nano DAP plant at its Kalol unit, Gujarat with a production capacity of 2 lakh bottles of 500 ml per day. "Nano DAP will be available in the market across the country after commencement of commercial production," he added. On its benefits, the minister shared that preliminary field trials were conducted by IFFCO and CIL on select crops in select institutes of Indian Council of Agricultural Research (ICAR). The report has indicated that with the use of Nano DAP as seed treatment and foliar application, there is a ...

IFFCO, Coromandel International to manufacture Nano DAP for 3 years: Govt

The government on Friday said fertiliser cooperative major IFFCO and state-owned Coal India Ltd (CIL) will manufacture Nano DAP for a period of three years. A notification in this regard was issued on March 2, Minister of State for Chemicals and Fertilisers Bhagwanth Khuba said in his written reply to the Lok Sabha. Di Ammonium Phosphate (DAP) is the second most widely consumed fertiliser after urea in the country. The minister further said IFFCO has informed that it is setting up a Nano DAP plant at its Kalol unit, Gujarat with a production capacity of 2 lakh bottles of 500 ml per day. "Nano DAP will be available in the market across the country after commencement of commercial production," he added. On its benefits, the minister shared that preliminary field trials were conducted by IFFCO and CIL on select crops in select institutes of Indian Council of Agricultural Research (ICAR). The report has indicated that with the use of Nano DAP as seed treatment and foliar application

Coromandel International logs Q3 standalone profit after tax at Rs 539 cr

Coromandel International Ltd has reported standalone profit after tax at Rs 539 crore upby 42 per cent during the quarter ending December 31, 2022, the company said on Thursday. The city-based diversified conglomerate Murugappa Group company had registered standalone profit after tax at Rs 379 crore last year. Total income during the quarter under review surged to Rs 8,350 crore as against Rs 5,101 crore registered last year. Profit after tax for the nine month period ending December 31, 2022 grew to Rs 1,773 crore upby 44 per cent from Rs 1,229 crore registered corresponding period of last year. Total income during the nine month period ending December 31, 2022 stood at Rs 24,265 crore as compared to Rs 14,937 crore registered last year. The revenue from the nutrient and allied business during the quarter under review was at Rs 7,710 crore as against Rs 4,483 crore registered in December 2021. Crop protection business generated revenues of Rs 651 crore as compared to Rs 623 crore

Fall in RM costs, higher urea subsidy may buoy fertiliser stocks: Analysts

Shares of Coromandel International, Deepak Fertilisers, GSFC, Madras Fertilisers, National Fertilisers, RCF, and Zuari Agro Chemicals have soared up to 196 per cent so far this calendar year (CY22)

Soaring prices could trigger up to 17% upside in these 5 fertiliser stocks

The overall trend in the fertiliser space remains bullish, with stocks like Chambal Fertilizers & Chemicals, Aries Agro and National Fertilizers indicating strong upside ahead

Measuring worth: Front-row seats to high return-on-equity stocks

A portfolio of richly valued RoE stocks is expected to outperform the broader market over the longer term.

Fertiliser stks prey to subsidy withdrawal risk, high input costs: Analysts

The risk of a breach of the government's fiscal deficit target could play a spoilsport for the sector as it could prompt the Centre to cut back on subsidy support, analysts believe.

Planning to reshuffle your portfolio? These 5 stocks may pump up gains

ITC, Varun Beverages, TVS Motor Company, Coromandel International and Hindustan Aeronautics can rally up to 25 per cent, technical charts suggest

Coromandel Intl falls 10% on profit-taking post gaining 17% in 1 month

Analyst believe the company should benefit from debottlenecking of the phosphoric acid plant as well as from an increased share of newly-launched, high margin, crop-protection products in FY23.

Board of Coromandel International appoints S Venu as Additional Director

Agri-solutions provider Coromandel International Ltd reported a 16.2 per cent rise in profit after tax at Rs 379 crore for the quarter ending December 31, 2021.

Coromandel plans 1,650-tonne sulphuric acid plant in Vizag for Rs 400 cr

At present, India is a net importer of sulphuric acid, and the third largest buyer globally, accounting for close to two million tonnes of imports

Ajit Mishra identifies three stocks that are ready for a fresh up move

Coromandel International, HDFC Life Insurance Company and SAIL are the stocks that the technical analyst from Religare Broking is bullish on

Trading calls by Ajit Mishra of Religare Broking: Buy Britannia, Lupin

Britannia has been trading in a broader consolidation range of Rs 3,350-3,840 for the last one year and is currently hovering in the middle

Osho recommends Escorts, Godrej Properties. Time to buy and hold

Godrej Properties has witnessed an Inverted Head & Shoulder pattern breakout on daily chart post taking support near its long-term EMA, indicating bullish sentiment in the counter

Nifty outlook & stock picks by Gaurav Garg: Buy Quess Corp, Coromandel Intl

Quess Corp's stock is forming bullish flag pattern on daily charts

Spike in fertiliser sales boosts prospects for Coromandel International

While rabi season drives hopes of a strong Q3, analysts are hopeful of strong growth over the next two years

Agriculture firms' stocks steady as farmers protest against contested laws

Stocks of agro-chemicals, fertilisers, and edible oils companies are slowing down as farmers continue their weeks-long protests in Delhi

Coromandel slips 6% after block deals; EID Parry hits 52-week high

Around 6.51 million equity shares, representing 2.2 per cent of total equity of Coromandel International, changed hands via block deal on the BSE at open

Murugappa Group revamp: 20-yr-old corporate advisory board to be disbanded

Instead of the board, which was managed by a family member and five outsiders, the group and individual companies will now be led by senior family members

Coromandel International Q2 net up 17% at Rs 589 cr, income down 5%

Firm attributes better profit show to good monsoon and soil moisture, and govt's proactive steps in farm space