Agriculture options supplier Coromandel International and Saudi Arabian mining firm Ma’aden, which is among the world’s largest producers of phosphate fertilisers, have signed an MoU for long-term provide of Di-Ammonium Phosphate (DAP) and NP/NPK fertilisers.
“In recent times, DAP availability in India has been impacted due to global supply disruptions. This strategic partnership with Ma’aden is a natural extension of our long-standing relationship [with the company] and help Coromandel ensure timely availability of DAP and complex fertilisers to the Indian farming community,” Coromandel International’s Director-Strategic Sourcing Narayanan Vellayan mentioned.
Over the years Coromandel and Ma’aden have fostered a long-standing partnership, with the latter enjoying an important position as a trusted provider of ammonia to the Murugappa Group firm. The newest settlement marks a major milestone in increasing this collaboration, making certain a dependable and sustainable provide of important fertilisers to help Indian agriculture, Coromandel mentioned in a launch.
The MoU was signed on Wednesday by Mr. Vellayan and Director – Fertiliser Sales Commercial, Phosphate Business Unit of Ma’aden Saud Al Tamimi within the presence of Coromandel MD and CEO S. Sankarasubramanian and Senior Vice President – Commercial, Phosphate Business Unit of Ma’aden Anas Al Bassam.
“Ma’aden has been the largest supplier of phosphate fertilisers to India for over a decade. We are expanding our production capacity from 6 million tonnes to 9 million tonnes in the near term, reinforcing our commitment to serve the growing needs of India’s agriculture sector,” Mr. Al Tamimi mentioned.
The senior management of the 2 corporations underscored the necessity to broaden the partnership past phosphates and uncooked supplies, specializing in collaborative efforts in R&D, innovation and speciality merchandise to advance sustainable farming practices.
Published – April 09, 2025 10:29 pm IST
