Coromandel International reports steady Q1 growth amid business challenges

Coromandel International reports steady Q1 growth amid business challenges

Coromandel International Limited, a prominent agri-solutions provider in India, has released its financial results for the quarter ending on 30th June 2023. The company, which operates in the business of Fertilisers, Crop Protection Chemicals, Bio products, Specialty Nutrients, Organic Fertilizer, and Retail, showed a slight decrease of 1% in total income compared to the previous […]

Coromandel invests in Indian drone startup Dhaksha Unmanned Systems

Coromandel invests in Indian drone startup Dhaksha Unmanned Systems

Indian phosphatic fertilizer company Coromandel International, through its venture capital arm Dare Ventures, has made an undisclosed investment in drone startup Dhaksha Unmanned Systems. The investment, which is the third for Dare Ventures this year, will be used by Dhaksha Unmanned Systems for talent acquisition, research and development (R&D), and production scale-up. Based in Chennai, […]

Coromandel to acquire stake in Senegalese rock phosphate miner BMCC

Coromandel to acquire stake in Senegalese rock phosphate miner BMCC

India-based Coromandel International has agreed to acquire a stake of 45% in Baobab Mining and Chemicals Corporation (BMCC), a Senegalese rock phosphate mining company, for $19.6 million (INR 150 crores). Apart from the consideration, Coromandel International will provide a loan of $9.7 million (INR 75 crores) to Baobab Mining and Chemicals. The Indian phosphatic fertilizer […]