Coromandel International's JV inaugurates Phosphoric acid Plant in Tunisia

Coromandel International Ltd. | Fertilizers | Chemicals & Fertilizers | BSE: 506395 | NSE: COROMANDEL

15 Jul 2013 Evaluate

A phosphoric acid Plant of ‘Tunisian Indian Fertilisers' (TIFERT), a joint venture (JV) company between India’s leading fertilizer manufacturer - Coromandel International and Gujarat State Fertilisers and Chemicals (GSFC) and Tunisia's Groupe Chimique Tunisien (GCT) and Compagnie Des Phosphat De Gafsa (CPG), (both are Government of Tunisia entities), has been inaugurated on Friday, the July 12, 2013 in Tunisia.

The plant was originally scheduled to be commissioned in 2011, but the project was delayed due to some internal developments in Tunisia. However, the project is now operational and running near to its full capacity.

TIFERT plant will consume around 1.4 million tonnes of Tunisian phosphate rock per year, producing 360,000 tonnes of phosphoric acid annually. It is equipped with the latest technology and meets the international environment efficiency standards. The plant has started production and the first shipment is expected to reach Coromandel’s facility in Kakinada (AP) by end of this month.

Coromandel International has made a strategic investment in TIFERT aimed at securing uninterrupted supply of phosphoric acid for the company’s operations. The Company and GSFC have entered into an agreement with the TIFERT to import all the production of phosphoric acid directly to India on a long term basis. Coromandel International and GSFC hold 15% share each in this 498 million USD project with balance 70% being held by GCT and CPG.

Coromandel International is the country’s second-largest phosphatic fertilizer player. Its crop protection business produces insecticides, fungicides and herbicides and markets these products in India and across the globe. The firm has also ventured into the retail business, setting up more than 640 rural retail centres in Andhra Pradesh and Karnataka.

Coromandel Interntl. Share Price

1927.70 -36.80 (-1.87%)

08-May-2026 16:59 View Price Chart

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Company Name	CMP
Coromandel Interntl.	1927.70
National Fertilizers	78.63
RCF	130.70
Chambal Fert & Chem	455.70
Paradeep Phosphates	124.85
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