Chennai, November 16th : .Coromandel International Ltd, a major in fertilizer, will establish a 1,650-ton per year sulphuric acid plant at Visakhapatnam, worth Rs 400 crore.Part of the Rs 417 billion Murugappa group, Coromandel International has also signed technology partnership agreements with MECS (Monsanto Enviro-Chem Systems) and TKIS (ThyssenKrupp Industrial Solutions).Coromandel International is part of the Murugappa Group, which has signed partnership agreements for technology with MECS (Monsanto Enviro-Chem Systems), and TKIS (“ThyssenKrupp Industries Solutions”)
With the new plant, Coromandel International will increase its sulphuric acid production capacity by five lakh ton per annum to 11 lakh ton per annum.
Coromandel International’s sulphuric acid production will be increased by five lakh tons per year to 115,000 tonnes per annum with the addition of this new plant.
The steam generated from the sulphuric acid production process shall also be used for captive power generation.
Captive power generation will also use steam from the sulfur acid manufacturing process.
“India is a net importer of sulphuric acid, and the third largest importer globally, accounting for close to 20 lakh metric ton of imports,” Arun Alagappan, Executive Vice Chairman, Coromandel International said.
Arun Alagappan (Executive Vice Chairman of Coromandel International) stated that India is the third-largest importer of sulfuric acid and net of all countries.
According to him, the company is setting up the new plant in line with the Atmanirbhar Bharat vision of Prime Minister Narendra Modi for import substitution and promotion of local manufacturing.
He stated that the company was establishing the plant to support the Atmanirbhar Bharat Vision of Prime Minister NarendraModi, which promotes local manufacturing and import substitution.
Alagappan said the new plant will improve the self-sufficiency and availability of phosphatic fertiliser in the country.
Alagappan stated that the plant would improve self-sufficiency as well as the availability of phosphatic fertilizer in the country.
Coromandel International is the largest private phosphatic fertilizer manufacturer and marketer in India.
Coromandel International, India’s largest private manufacturer of phosphatic fertilizers and distributor is the Coromandel International.
The new plant will come up within the company’s existing plant premises in Visakhapatnam having a production capacity of 1.3 million ton per annum of complex fertilisers and a captive phosphoric acid production capacity of close to four lakh ton per annum.This new plant will be built within existing company plant in Visakhapatnam.It has a capacity to produce 1.3 million tonnes per annum complex fertilisers, and close to 45,000 tons of captive phosphoric acids per annum.
vj/dpb #Coromandel #Fertilizer #sulphuric #acid #Chennai #Tamil #Kollywood
